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Isle of Capri Casinos Shuts Natchez Home

Isle of Capri Casinos Shuts Natchez Home

Gambling agent Isle of Capri gambling enterprises launched that it’ll shut down its casino in Natchez, Mississippi. The home is known to be one of several gambling venues that are oldest in the condition’s edges.

Isle of Capri happens to be running the casino since 2000. It features possibly 520 slots and 6 desk games. Virginia McDowell, Chief Executive Officer and chairman with the gaming organization situated in St. Louis, Missouri, mentioned within a Tuesday declaration they have accomplished over the past 15 years and are thankful to their Natchez team members for their hard work and dedication that they are extremely proud with what.

Ms. McDowell additionally observed that their company will sell its hotel that is natchez-based and non-gaming possessions to Casino Holding financial investment couples for your level of $11.5 million. The deal is likely are finished in 2015, provided that all closing conditions are fulfilled by that time october. The Isle of Capri belongings shall become fully operational until then.

Isle of Capri asserted that their Natchez casino generated revenue that is annual of23 million for the financial 2015. Based on a picture published of the driver in its revenue has been declining since the opening of Magnolia Bluffs Casino june. Overall, the ongoing team uploaded a 5% build with its profits for 2015.

Competitor Magnolia Bluffs Casino launched gates in 2012. The casino is mostly about the exact same dimensions as the Isle of Capri one, although it does maybe not have a hotel. Read More