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Isle of Capri Casinos, Inc. to be acquired by Nevada casino firm, Eldorado Resorts, in $1.7 billion deal

on Mon, 09/19/2016 - 20:08   by Editor

Isle of Capri Casinos, Inc. – owner of Bettendorf's Isle of Capri Casino – announced this morning (9/19) it had reached an agreement to be acquired by Eldorado Resorts of Reno, Nevada in a stock and cash transaction valued at $1.7 billion.

Eldorado would acquire all the outstanding Isle stock for $23 per share, or 1.638 shares of Eldorado common stock for each share of Isle stock. The $1.7 billion value includes the assumption of the Isle's $929 million of long-term debt.

Lee Enterprises sells Provo newspaper to West Virginia newspaper group, Ogden Newspapers, Inc.

on Mon, 08/22/2016 - 21:03   by Editor

Davenport-based Lee Enterprises announced the sale this morning (8/22) of its Provo, Utah daily newspaper and online news site to Ogden Newspapers, Inc., a privately owned West Virginia company which owns more than 40 daily newspapers, has majority ownership in the Pittsburg Pirates baseball team, and publishes Mother Earth News and Unte Reader magazines.

Lee Enterprises reports higher third quarter earnings despite a 5 percent drop-off in overall revenues

on Fri, 08/05/2016 - 01:36   by Editor

Third quarter earnings at Lee Enterprises, Inc. have increased compared with the same period a year ago despite a nearly 5 percent drop in net revenues at the Davenport-based media company.

The company Thursday (8/4) reported earnings of $4.4 million, 8 cents per share, for the three-months ended June 26, compared with $2.14 million, 3 cents per share, for the same quarter in 2015.

Bettendorf casino revenue up slightly in fiscal 2016, but number of gamblers falls to 16-year low

on Fri, 07/15/2016 - 01:34   by Editor

Bettendorf's gambling casino posted a slight increase in revenue in fiscal 2016, but the number of gamblers frequenting the Isle of Capri riverboat fell to 823,000, a 16-year low.

The slight uptick in revenues and decline in casino gamblers at the local casino reflected a similar pattern statewide.

Adjusted gross revenues at the state's 19 casinos were up 1.5 percent to $1.437 billion for the fiscal year ended June 30, while admissions fell by .04 percent to 21,538,433 during the 12-month period.

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.

Isle of Capri Casinos, Inc. posts higher earnings despite 2.5 percent drop in overall revenues

on Wed, 02/24/2016 - 02:49   by Editor

Isle of Capri Casinos, Inc. posted higher earnings for its third quarter ended January 24 despite a 2.5 percent drop in overall revenues.

The gambling firm, owner of the Bettendorf Isle of Capri casino riverboat, reported third quarter earnings of $6.6 million, or 16 cents per share, compared with $5.4 million, or 13 cents per share, for the same period a year ago.

Lee Enterprise stock falls to new 52-week low after reporting 5 percent drop in first quarter revenues

on Thu, 02/04/2016 - 21:54   by Editor

Lee Enterprises, Inc. stock today (2/4) fell to a new 52-week low – $1.15 per share – after reporting first quarter operating revenues declined 5 percent compared with a year ago.

The company's first quarter includes the Thanksgiving and Christmas holiday season, typically the best advertising period for newspapers, and the results apparently disappointed investors. Shares of the Davenport-based media firm, owner of the Quad City Times, dropped more than 10 cents per share in heavy trading after the company announced its earnings.

Isle earns $3.1 million in first quarter; Bettendorf gambling boat battered by construction, Illinois slots

on Wed, 09/02/2015 - 22:06   by Editor

The first quarter financial results of Isle of Capri Casino, Inc. drew praise from stock analysts Wednesday (9/2), but its Bettendorf riverboat was noteworthy for just the opposite – falling revenues.

The Isle earned $3.1 million for the first quarter, or 8 cents per share, a turnaround from last year when the gambling firm lost 6 cents per share, or $2.3 million. The St. Louis-based firm also reported a significant increase in net revenues for the period, jumping nearly 5 percent to $260 million, compared to $249.5 million during the same period a year ago.

Bettendorf downtown 2.0 starting to look like old version: gas stations and convenience stores

on Mon, 08/17/2015 - 19:40   by Editor

The revised downtown Bettendorf streets aren't yet complete, but gas station/convenience store developers are already moving to re-establish their presence along the busy State and Grant Street corridors.

Isle of Capri to close its Natchez casino and sell adjacent hotel, other assets to competing casino

on Fri, 08/14/2015 - 20:52   by Editor

Isle of Capri Casinos, Inc. plans to close its Natchez, Mississippi casino in October and sell the company's nearby hotel to the competing casino there.

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