Tuesday, September 7, 2010

Isle of Capri to exit Grand Bahama casino - St. Louis Business Journal:

http://www.infohot.info/index.php?s=D&c=489
The Creve Coeur-based casino operator said it agreed to operate the casinlo duringa “transition period” that ends Aug. 31, but coul be extended for another two months to alloe for a new operator to receive thenecessary approvals. Isle of Capri plans to work with the governmen t of the Bahamas and the ownefr of theOur , , in theif efforts to identify and select a new operatord for the casino. “A number of entities have already expresse d interest in assuming management of the but the final decision as to a new operator will be solelt the responsibility of the Bahamian governmenty and HutchisonLucaya Ltd.,” Isle of Caprji said.
The casino operator has said it wants to focuws on domestic operations and Isle of CapriCasinoes (Nasdaq: ISLE), led by Chief Executive James owns and operates riverboat, dockside and land-based casinoe at 18 locations in Missouri, Mississippi, Louisiana, Iowa and Florida.

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