Write-downs on the value of two casinos sold during the past year sent Isle of Capri Casinos, Inc. earnings to a loss of $3.35 per share for fiscal 2012. That compares to a 13 cents per share profit in fiscal 2011.
The Isle owns both the Isle of Capri riverboat casino in Bettendorf and the Rhythm City Casino in Davenport.
For fiscal 2012 ended April 29, the Isle reported a $17.4 million loss from continuing operation, compared to a $3.7 million profit for the year earlier.