International edition
September 21, 2020

It completed the sale of a majority of its Blue Chip operating casino assets this week

Isle of Capri casinos posts profit

(US).- Isle of Capri Casinos posted a profit of us$ 1.6 million in the second quarter, compared with a loss of us$ 13.5 million a year ago. The casino reported revenue of us$ 247.4 million for the three months ended October 25, down 1 % from us$ 249.6 million a year earlier.

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hairman and CEO James Perry attributed the improved earnings to cost cuts that began two years ago and continued this year, including the company’s exit from international operations. He said the company completed the sale of a majority of its Blue Chip operating casino assets this week, completed its exit from the property in Grand Bahama last week and expects to liquidate its remaining United Kingdom assets before the end of the current fiscal year.

“We remain focused on exploring new domestic management and development opportunities,” Perry said in a statement. Creve Coeur-based Isle of Capri Casinos owns and operates riverboat, dockside and land-based casinos at 18 locations in Missouri, Mississippi, Louisiana, Colorado, Iowa and Florida.

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