Isle of Capri Casino

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.
A similar rebound also was seen at Davenport's Rhythm City Casino with the opening of a new land-based facility in June of 2016.

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.