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Bettendorf casino revenue up slightly in fiscal 2016, but number of gamblers falls to 16-year low

on Fri, 07/15/2016 - 01:34   by Editor

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 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."

Isle earns $3.1 million in first quarter; Bettendorf gambling boat battered by construction, Illinois slots

on Wed, 09/02/2015 - 22:06   by Editor

The first quarter financial results of Isle of Capri Casino, Inc. drew praise from stock analysts Wednesday (9/2), but its Bettendorf riverboat was noteworthy for just the opposite – falling revenues.

The Isle earned $3.1 million for the first quarter, or 8 cents per share, a turnaround from last year when the gambling firm lost 6 cents per share, or $2.3 million. The St. Louis-based firm also reported a significant increase in net revenues for the period, jumping nearly 5 percent to $260 million, compared to $249.5 million during the same period a year ago.

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