Eric Hausler

You are here:

You are here

Home / Eric Hausler

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 president and CEO announces retirement; will be replaced by chief financial officer April 27

on Tue, 01/19/2016 - 02:42   by Editor

The Isle of Capri Casino, Inc. President and CEO Virginia McDowell will step down April 27 after nine years at the helm of the St. Louis-based gambling firm.

Eric L. Hausler, currently chief financial officer, will succeed McDowell as chief executive officer, and Arnold L. Block, currently chief operating officer at the Isle, will become president and chief operating officer.

McDowell will retire from the company. According to the company SEC filing January 14, her decision to retire from the board of directors "is not because of any disagreement with the company."

Subscribe to Eric Hausler
Go to top