Isle of Capri Casinos Shuts Natchez Home

Playing driver Isle of Capri Casinos revealed that it will close its casino down in Natchez, Mississippi. The home is known to be one of many oldest gambling locations in the condition’s edges.

Isle of Capri happens to be run the casino since 2000. It features as much as 520 slots and 6 table games. Virginia McDowell, Chief Executive Officer and chairman associated with the gaming team situated in St. Louis, Missouri, stated wearing a Tuesday declaration that they are incredibly proud using what obtained achieved over the past 15 years and therefore are thankful on their Natchez associates because of their hard work and determination.

Ms. McDowell additionally noted that their organization will sell the Natchez-based resort and some non-gaming assets to Casino Holding investments lovers for your level of $11.5 million. The deal is probable becoming finished in October 2015, provided that all closing ailments tend to be satisfied by that time. The Isle of Capri belongings shall end up being totally functional until then.

Isle of Capri mentioned that its Natchez casino created revenue that is annual of23 million for your fiscal 2015. Based on a picture uploaded by the driver in its revenue has been declining since the opening of Magnolia Bluffs Casino june. Overall, the business published a 5% enhance in its earnings for 2015.

Opponent Magnolia Bluffs Casino opened gates in 2012. The casino is focused on the same dimensions as the Isle of Capri one, although it does not have a resort.