Isle of Capri Casinos, Inc. reported higher third quarter earnings Thursday (2/23) compared with a year ago, thanks in part to improved results at its new land-based Bettendorf Isle of Capri gambling facility.

Net income totaled $8.2 million (15 cents per share) for the three months ended January 22, compared with $6.6 million (13 cents per share) for the same period a year ago.

A Stamford, CT investment firm that specializes in "stressed, distressed and out of favor companies" has acquired a 6.9 percent stake in Lee Enterprises, the Davenport-based media company which owns the Quad City Times.

Archview Investment Group L.P. reported today (2/14) that it had acquired 3.8 million shares of Lee stock as of Dec. 31, 2016. U.S. Securities and Exchange Commission (SEC) rules require disclosure when an individual or company acquires 5 percent or more ownership in a publicly traded firm.

The proposed Bettendorf city budget would allocate more than $15 million to build a "sports complex" that has yet to be discussed publicly by aldermen.

The budget – which will be discussed at an all-day public work session Saturday (2/11) – includes $2 million for purchase of land for the "sports complex," more than $2 million for roads, lighting and sewer extensions for the project, and lists the issuance of $11.2 million in debt (bonds and notes) to finance the facility construction.

The U.S. Environmental Protection Agency (EPA) has rejected an effort to loosen water quality protection rules in Iowa, saying proposed changes to "antidegradation standards" sought by the Iowa Department of Natural Resources (IDNR) violate federal rules.

In a letter to the IDNR January 19, the EPA's Region 7 Administrator Mark Hague wrote the state was "seeking to establish a one-size-fits-all rule that only projects costs less than 115 percent of base costs optimize 'the balance between water quality benefits and project costs.' "

Lee Enterprises, Inc. earned $12.4 million in the first quarter ended Dec. 25 despite a 7.2 percent drop in operating revenues for the three-month period compared with a year ago.

The Davenport-based company Thursday (2/2) reported earnings of 22 cents per share, compared with 21 cents per share in the first quarter of 2015.

After four days of testimony pitting U.S. Department of Agriculture (USDA) officials against Cricket Hollow Zoo owners, an administrative law judge will decide later this spring if the roadside zoo near Manchester, Iowa will retain its federal license.

The hearing before the administrative law judge was held in Davenport beginning Tuesday (1/24) and included testimony from USDA Veterinarian and Inspector Heather Cole, Iowa Department of Agriculture and Land Stewardship Compliance Investigator Doug Anderson, zoo owners Tom and Pamela Sellner and Robert Gibbens, Western Regional Director of the USDA's Animal and Plant Health Inspection Service in Fort Collins, CO.

The USDA complaint against Cricket Hollow runs more than 20 pages and cites dozens of violations of the Animal Welfare Acts (AWA) by the zoo in 2014 and 2015.

An animal rights group has asked the Delaware County Sheriff to file criminal animal cruelty charges against the Cricket Hollow Zoo owners over care of a lioness rescued from the roadside facility near Manchester, Iowa last August.

Subscribers to the Quad City Times Sunday newspaper have fallen to 37,473, half the paper's circulation just 15 years ago.

And, for the first time, according to the Lee Enterprises, Inc. annual report to shareholders, Sunday circulation fell below that of the average circulation for its weekday editions.

Historically, Sunday papers typically have had much larger circulation than weekday editions. More advertising, ad circulars and more space for news have attracted readers to purchase single copies or opt for a Sunday- or weekend-only subscription.

The full cost of the new, temporary Bettendorf ice-skating rink will balloon to nearly $450,000 once the annual operating expenses and a $20,000 artificial Christmas tree are included in the pricetag.

The city council is expected to sign off on the anticipated $137,000 in operating costs and 30-foot artificial tree at its Tuesday (12/6) meeting. The city had earlier approved acquisition of chiller equipment and other ice rink furnishings (including a supply of used ice skates) for $250,000.

Thanks to a $17.8-million income tax benefit, Isle of Capri Casinos, Inc. Thursday (12/1) reported second quarter earnings of $23.7 million (57 cents per share), more than double the gambling firm's earnings for the same quarter last year.