Isle of Capri Casinos Closes Natchez Home

Isle of Capri Casinos Closes Natchez Home

Gambling agent Isle of Capri Casinos announced that it will close lower the casino in Natchez, Mississippi. The home is known to be one of several earliest betting locations within the condition’s borders.

Isle of Capri was working the casino since 2000. It includes as much as 520 slot machine games and 6 table games. Virginia McDowell, Chief Executive Officer and President of the games business located in St. Louis, Missouri, mentioned on a Tuesday report they are very proud as to what obtained achieved within the last 15 years and they are grateful on their Natchez downline for his or her perseverance and devotion.

Ms. McDowell furthermore mentioned that her providers will actually sell its Natchez-based hotel and lots of non-gaming assets to Casino carrying financial Partners when it comes down to number of $11.5 million. The deal could be to get finished in 2015, provided that all closing conditions are fulfilled by that time october. The Isle of Capri house shall be totally working until then.

Isle of Capri mentioned that its Natchez casino created revenue that is annual of23 million for any fiscal 2015. In accordance with a picture uploaded of the driver in June, their money happens to be decreasing because the beginning of Magnolia Bluffs Casino. Overall, the ongoing organization submitted a 5% enhance within the profits for 2015.

Competitor Magnolia Bluffs Casino exposed doorways in 2012. The casino means the same proportions as the Isle of Capri one, although it does maybe not include a lodge. […]