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Bettendorf casino reverses decade long decline; new land-based facility ups admissions, revenues

The move to a new land-based casino in June of last year has reversed a decade long decline in gamblers and gambling revenue at Bettendorf's Isle of Capri.

For the fiscal year ended June 30, the Isle (now owned by Eldorado Resorts, Inc. of Reno, NV) attracted more than 1 million gamblers, up more than 30 percent from fiscal 2016. With more admissions, the Isle's adjusted gross revenue climbed to $77.5 million, up more than 11 percent compared with the previous fiscal year.

Both numbers are still far below the heyday for casino gambling. Admissions at the Isle of Capri peaked at more than 2 million in 2000, while adjusted gross revenues reached a high of $105 million in 2004.

Isle of Capri reports higher third quarter results thanks in part to new land-based Bettendorf casino

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.

Lee Enterprises, Inc. earns $12.4 million in first quarter despite 7% drop in operating revenue; promises focus on more cost reductions in 2017

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.

QC Times Sunday edition falls below average weekday circulation for first time; half 2001 level

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.

Isle 2nd quarter earnings double last year's results; big tax benefit on asset sales offsets revenue decline

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.

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

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.

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

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

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

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.

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