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Isle sells Marquette casino to employee-owned gambling firm, CQ Holdings, Inc. for $40 million

on Thu, 10/13/2016 - 22:46   by Editor

Isle of Capri Casinos, Inc. said today (10/13) it has agreed to sell its Marquette, Iowa casino to CQ Holdings, Inc. for $40 million, less an adjustment for working capital.

The deal with CQ Holdings' affiliate Casino Queen is specifically permitted under the agreement announced September 19 in which the Isle agreed to be acquired by Eldorado Resorts, of Reno, Nevada, in a $1.7 billion transaction, according to the company's news release.

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