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Isle of Capri Casino, Inc. earnings up for 4th quarter, fiscal year; lower debt, higher profits boost stock

on Tue, 06/14/2016 - 22:17   by Editor

Isle of Capri Casinos, Inc. – operators of Bettendorf's Isle of Capri Casino – reported improved earnings Tuesday (6/14) for the fourth quarter and fiscal year despite flat revenues for the 12-months ended April 26.

After company officials finished discussing the Isle's lower debt levels and improved profit margins in a conference call with analysts, the firm's stock price jumped nearly $1 per share (6 percent) to $17.32 in early trading.

The company reported fourth quarter net revenue of $265 million compared with $269 million for the same period last year. For the 12-months ended April 24, the Isle had net revenue of $979 million compared with $977 million for fiscal 2015.

City/Isle deal to end tax dispute; city gets $652,000 and schools, county may finally see tax boost

on Tue, 11/17/2015 - 23:25   by Editor

The tax dispute between the city of Bettendorf and the Isle of Capri Casinos, Inc. would be resolved under a development agreement deal expected to be approved tonight (11/17) by the city council.

The Isle has been seeking to lower the assessed value of its riverfront property to $45 million from the current $85 million. An appraiser hired by the city valued the Isle's two hotels and riverboat casino at $55 million. The county review board in June rejected the Isle's tax appeal, but the casino operator then filed suit in Scott County District Court.

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