gambling

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.

First quarter revenues at the Isle of Capri Casinos, Inc. – owner of Bettendorf's Isle of Capri gambling operation – fell 2.4 percent in the first quarter, but the St. Louis-based firm managed to post a $10.3 million profit, 25 cents per share, for the three-month period ended July 24.

Revenues at the gambling firm totaled $240.9 million for the first quarter, compared to $246.9 million for the same period a year ago.

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.

Iowa gambling revenues for fiscal year 2015 increased slightly thanks to a new casino property in Sioux City, but the decade long decline in admissions and revenues continued at Bettendorf's Isle of Capri riverboat.

Revenues for the fiscal year were down 2.4 percent to $68.5 million, while admissions at the Bettendorf casino dropped more than 8 percent to 848,000 gamblers during the 12-month period.