Kana Corporation (1990–1992) Anubis II Corporation (1992) Casino America, Inc. (1992–1998) | |
Public | |
Traded as | NASDAQ: ISLE |
---|---|
Industry | Gaming |
Genre | Casinos |
Successor | Eldorado Resorts |
Founded | 1990; 30 years ago |
Founder | Bernard Goldstein |
Defunct | May 1, 2017; 3 years ago |
Headquarters | Creve Coeur, Missouri, U.S. |
Revenue | US$1.13 billion (2008)[1] |
-$51.35 million | |
-$96.87 million | |
Total assets | $2 billion |
Total equity | $188.01 million |
Owner | Eldorado Resorts |
7,500 | |
Website | islecorp.com[dead link] |
Isle of Capri Casinos, Inc. was a gaming company headquartered in Creve Coeur, Missouri in Greater St. Louis which operated casinos and associated entertainment and lodging facilities in the United States.
Isle Of Capri Boonville Mo
It operated 15 casinos in seven states across the U.S., Isle of Capri properties have nearly 13 million visitors each year. These properties have a total of about 14,000 slot machines, 350 table games, 2,300 hotel rooms; and three dozen restaurants.
Isle of Capri Casino® Hotel Lula is calling your name – and the good times are waiting in this bluesy little town on the Mighty Mississippi. Here, try your luck at any of nearly 900 gaming machines or at any of 20 hot tables. Enjoy good eats and live entertainment on site. And when ready to call it a day, just make a night of it by staying at any of the two on-site hotels that offer 450 rooms between them. BIG WIN TARZAN GRAND SLOT MACHINE ISLE CAPRI CASINO BLACKHAWK COLORADO - Duration: 5:36. SML-Slot Machine Lover 4,214 views.
History[edit]
The company was founded in 1990 by Bernard Goldstein as Kana Corporation.
In April 1992, it was renamed Anubis II Corporation. In June 1992, it was renamed again to Casino America, Inc. and began trading on the NASDAQ under the ticker symbol CSNO. In 1995 it announced a move to trade to the New York Stock Exchange but that did not happen. In September 1998, it became Isle of Capri Casinos, Inc.[2] and changed its ticker symbol to 'ISLE.'[3]
The company opened its first casino on August 1, 1992 as a publicly traded corporation. Goldstein was known as the 'grandfather of riverboat gaming since he owned the first riverboat casino to sail on the Mississippi River.[2]
Goldstein's first casino operations were in the Quad City area of Iowa and Illinois, where Goldstein operated the riverboats Diamond Lady and the Emerald Lady under the corporate name Steamboat Casino Cruises.[4] The two boats, which sailed from Bettendorf, Iowa on April 1, 1991, were two of the first modern riverboat casinos.[5]
Isle of Capri Casinos opened its first casino in Biloxi, Mississippi in August 1992, and was the first gaming establishment to trade on the NASDAQ.[citation needed]
In 2000, Isle of Capri spent $400 million in a multi-part deal to acquire the Lady Luck chain of casinos. Lady Luck Gaming, which owned two adjacent Lady Luck casinos in Lula, Mississippi, one in Natchez, Mississippi, the Miss Marquette casino in Marquette, Iowa, and a half interest in the Lady Luck casino in Bettendorf, Iowa, was bought for $59 million in cash, $177 million in assumed debt, and $22 million to redeem preferred stock.[6][7] On the same day, Isle of Capri bought the other half of the Bettendorf property from Goldstein's family for $62 million,[8] and the rights to the Lady Luck trademark from Lady Luck's founder, Andrew Tompkins, for $31 million.[7] Six months later, it completed the purchase of the Lady Luck Hotel & Casino in downtown Las Vegas from Tompkins for $14.5 million.[9] The Las Vegas property was sold two years later to a group of real estate investors.[10] The other Lady Luck properties were all rebranded under the Isle of Capri name.[11]
In 2005, its Biloxi casino (but not its hotel) was destroyed and its Lake Charles facilities were damaged by Hurricanes Katrina and Rita, respectively.[12][13]
In August 2006, Isle of Capri Casinos moved its headquarters from Biloxi to Creve Coeur, Missouri, a suburb of St. Louis.[14] Missouri had offered $4.2 million in tax incentives to lure the operation. 150 employees moved with the headquarters. Company officials said they were looking for new headquarters after evacuating their building three times in 2004–05 due to hurricanes.[15]
On February 14, 2006, Isle of Capri sold the Isle of Capri Bossier City and Isle of Capri Vicksburg to Legends Gaming for $240 million. The properties are now known as 'Diamond Jack's'.
The company competed for a gambling license in Pittsburgh in 2006, offering $290 million toward the construction of a new arena for the Pittsburgh Penguins as an incentive and thus drawing enormous public support in Pittsburgh. The Pennsylvania Gaming Control Board nevertheless awarded the license to PITG Gaming Majestic Star instead, who was required to partially fund the building of the new arena, the Consol Energy Center.[16]
On March 19, 2007 Isle of Capri purchased Casino Aztar in Caruthersville, Missouri from Columbia Sussex for about $45 million.
In April, 2007 the Company opened the Isle Casino & Racing at Pompano Park in Pompano Beach, Florida.
On July 1, 2007 Isle of Capri opened a new property in Waterloo, Iowa.
In 2008, the company adopted a two-brand strategy, reviving the Lady Luck name for smaller properties with limited amenities, while keeping the Isle of Capri name for properties with full-service facilities like hotel rooms, convention space, and expanded dining options.[17] The Marquette and Caruthersville casinos were the first to be rebranded as Lady Luck properties.[18]
In June 2010, Isle of Capri bought the Rainbow Casino in Vicksburg, Mississippi from Bally Technologies for $80 million.[19] The property was re-branded Lady Luck Casino in 2012.
On December 1, 2010, the Missouri Gaming Commission awarded the company the state's 13th gaming license for a casino project in Cape Girardeau.[20] The casino includes 1,000 slot machines, 28 table games, 3 restaurants, a lounge and terrace overlooking the Mississippi River and a 750-seat event center at an estimated cost of $125 million.
On April 14, 2011, Isle of Capri and Nemacolin Woodlands Resort were selected as the recipients of Pennsylvania's last casino resort license by the state's gaming board.[21] Lady Luck Casino Nemacolin is expected to include 600 slot machines, 28 table games, a casual dining restaurant and lounge.
On October 30, 2012, Isle Casino Cape Girardeau opened to the public.[22]
In November 2012, Isle of Capri sold the Isle Casino Hotel Biloxi to Landry’s Inc. for $45 million.[23]
On July 1, 2013, Lady Luck Casino Nemacolin opened to the public.[24]
On February 3, 2014, the Company completed the sale of its Davenport, Iowa casino to Scott County Casino LLC.[25]
On October 18, 2015, the Company closed their Natchez, MS riverfront casino due to low patronage. The Isle of Capri hotel was sold to Natchez competitor Magnolia Bluffs Casino.[26]
On March 13, 2017, the Company sold Lady Luck Marquette to the Casino Queen based in Swansea, Illinois.[27]
On May 1, 2017, the acquisition by Eldorado Resorts, previously announced on September 19, 2016, was completed.[28]
Properties[edit]
The properties owned and operated by Isle of Capri Casinos at the time of its acquisition were:
- Isle Casino Hotel Bettendorf — Bettendorf, Iowa
- Isle Casino Hotel Black Hawk — Black Hawk, Colorado
- Isle Casino Cape Girardeau — Cape Girardeau, Missouri
- Isle Casino Hotel Waterloo — Waterloo, Iowa
- Isle Casino Racing Pompano Park — Pompano Beach, Florida
- Isle of Capri Casino Hotel Boonville — Boonville, Missouri
- Isle of Capri Casino Kansas City — Kansas City, Missouri
- Isle of Capri Casino Hotel Lake Charles — Lake Charles, Louisiana
- Isle of Capri Casino Hotel Lula — Lula, Mississippi
- Lady Luck Casino Black Hawk — Black Hawk, Colorado
- Lady Luck Casino Caruthersville — Caruthersville, Missouri
- Lady Luck Casino Nemacolin — Farmington, Pennsylvania
- Lady Luck Casino Vicksburg — Vicksburg, Mississippi
Former[edit]
Properties previously owned by the company include:
- Isle Casino Hotel Biloxi — Biloxi, Mississippi
- Isle Casino Coventry — Coventry, England
- Isle of Capri Casino Hotel Bossier City — Bossier City, Louisiana
- Isle of Capri Casino Hotel Tunica — Tunica, Mississippi
- Isle of Capri Casino at Our Lucaya — Lucaya, Bahamas
- Isle of Capri Casino Vicksburg — Vicksburg, Mississippi
- Lady Luck Hotel & Casino — Las Vegas, Nevada
- Lady Luck Casino Marquette — Marquette, Iowa
- Rhythm City Casino Resort — Davenport, Iowa
References[edit]
- ^Isle of Capri Casinos: NASDAQ:ISLE quotes & news - Google Finance. Finance.google.com (2013-06-06). Retrieved on 2013-07-26.
- ^ ab'International Directory of Company Histories, Vol. 41. St. James Press, 2001'. Fundinguniverse.com. Retrieved 2014-03-02.
- ^'Casino America, Inc. Becomes `Isle Of Capri Casinos, Inc.'.' PR Newswire. PR Newswire Association LLC. September 25, 1998 Retrieved February 1, 2009 from HighBeam Research: http://www.highbeam.com/doc/1G1-53029175.html[permanent dead link]
- ^'Isle of Capri Celebrates 10 Years of Business in the Gaming And Entertainment Industry'. Phx.corporate-ir.net. Archived from the original on 2008-11-28. Retrieved 2014-03-02.
- ^Gaming Hall of Fame: Bernard Goldstein. Gaming.unlv.edu. Retrieved on 2013-07-26.
- ^Busby, Charles (March 3, 2000). 'Isle joins billion-dollar club'. The Sun Herald. Biloxi, MS: via NewsBank. Retrieved 2012-06-16.(subscription required)
- ^ abForm 10-K405/A (Report). Isle of Capri Casinos. August 1, 2000. Item 1. Business. Retrieved 2012-06-16.
- ^'Company news: Isle of Capri Casinos is in deal to buy Lady Luck Gaming'. New York Times. October 7, 1999. Retrieved 2012-06-16.
- ^Form 10-K405 (Report). Isle of Capri Casinos. July 30, 2001. Liquidity and Capital Resources. Retrieved 2012-06-16.
- ^Benston, Liz (October 31, 2002). 'Casino changes owners'. Las Vegas Sun. Retrieved 2012-06-16.
- ^Form 10-K405 (Report). Isle of Capri Casinos. July 30, 2001. p. 1. Retrieved 2012-06-24.
- ^'Isle of Capri Casinos, Inc., Provides Update of Hurricanes Rita and Katrina Damage'. Prnewswire.com. Archived from the original on 2006-02-13. Retrieved 2014-03-02.
- ^'Biloxi's casino blues / QCTimes.com'. Qctimes.net. Retrieved 2014-03-02.
- ^'Isle of Capris Completes HQ move to Creve Coeur - St. Louis Business Journal - August 14, 2006'. Gotostlouis.org. Archived from the original on June 30, 2009. Retrieved March 2, 2014.
- ^'City, Missouri team up to lure Isle of Capri to Creve Coeur.' St. Louis Post-Dispatch (St. Louis, Missouri) (viaKnight-Ridder/Tribune Business News). January 24, 2006. Retrieved February 1, 2009 from HighBeam Research: http://www.highbeam.com/doc/1G1-141196188.htmlArchived 2016-03-06 at the Wayback Machine - 'Missouri and Creve Coeur are offering more than $4.2 million in tax incentives to lure the corporate headquarters of Isle of Capri Casinos Inc. from its home in Biloxi, Miss., said Mark Perkins, the city's administrator.' and 'Isle of Capri is fleeing the frequent hurricanes of the Gulf Coast region, Haynes said. The company had to evacuate its headquarters three times between the autumns of 2004 and 2005 -- shutting down finance and information systems for all of its properties in the process.'
- ^'PITG wins slots casino license for North Side', Pittsburgh Post-Gazette, December 20, 2006
- ^Form 10-K (Report). Isle of Capri Casinos. June 25, 2009. p. 2. Retrieved 2012-06-24.
- ^Form 10-K (Report). Isle of Capri Casinos. June 25, 2009. p. 7. Retrieved 2012-06-24.
- ^Stutz, Howard (June 9, 2010). 'Isle of Capri completes $80 million casino purchase'. Las Vegas Review-Journal. Retrieved 2012-06-13.
- ^Isle of Capri Casinos - Investor Relations - News Release. Phx.corporate-ir.net (2010-12-01). Retrieved on 2013-07-26.
- ^Isle of Capri & Nemacolin Woodlands Casino Resort Project Selected by.. - FAYETTE COUNTY, Pa., April 14, 2011 /PRNewswire/. Prnewswire.com. Retrieved on 2013-07-26.
- ^Isle of Capri Casinos - Investor Relations - News Release. Phx.corporate-ir.net (2012-10-15). Retrieved on 2013-07-26.
- ^Perez, Mary (November 29, 2012). 'Landry's Golden Nugget buys Isle Casino Biloxi'. Sun Herald. Biloxi. Archived from the original on December 2, 2012. Retrieved November 30, 2012.
- ^'Lady Luck Casino Opens At Nemacolin Woodlands Resort « CBS Pittsburgh'. Pittsburgh.cbslocal.com. 2013-07-01. Retrieved 2014-03-02.
- ^'Casino closes as it changes owners'. Qctimes.com. 2014-02-03. Retrieved 2014-03-02.
- ^http://www.natchezdemocrat.com/2015/10/16/isle-of-capri-casino-closes-sunday/))
- ^Inc., Isle of Capri Casinos. 'Isle of Capri Casinos, Inc. Completes Sale of Lady Luck Marquette and Announces Redemption of $50 Million of its Outstanding 5.875% Senior Notes due 2021'. www.prnewswire.com.
- ^Barr, Diana (April 28, 2017). 'Isle of Capri sale to close Monday'. St. Louis Business Journal.
External links[edit]
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Isle_of_Capri_Casinos&oldid=974580926'
Introduction to Missouri Slot Machine Casino Gambling in 2020
Missouri slot machine casino gambling consists of thirteen riverboat casinos across the state.
A theoretical payout minimum limit exists per state gaming regulations. Most popular slots. Further, return statistics are publicly available.
This post continues my weekly State-By-State Slot Machine Casino Gambling Series, an online resource dedicated to guiding slot machine casino gambler to success. Now in its third year, each weekly post reviews slots gambling in a single U.S. state, territory, or federal district.
Keep Reading … or Watch Instead!
Or … Listen Instead!
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Relevant Legal Statutes on Gambling in Missouri*
The minimum legal gambling age in Missouri depends upon the gambling activity:
- Land-Based Casinos: 21
- Poker Rooms: 21
- Bingo: 18
- Lottery: 18
- Pari-Mutuel Wagering: 18
Missouri was the fifth U.S. state to approve riverboat casinos. Queen of the nile slot machine. Gaming regulations for these casinos have evolved over time including eliminating cruising, closing boarding for two-hour-long gaming sessions, and removal of the original $500 loss limit on each gaming session.
The state of Missouri withholds 4% of winnings on $1,200 or more jackpots or cash prizes. Filing a tax return with Missouri can potentially return some of this withheld state income tax.
*The purpose of this section is to inform the public of state gambling laws and how the laws might apply to various forms of gaming. It is not legal advice.
Slot Machine Private Ownership in Missouri
Private ownership of a slot machine is legal in this state if it is at least 30 years old.
Gaming Control Board in Missouri
The Missouri Gaming Commission is responsible for establishing state gaming regulations for riverboat casinos, fantasy sports, bingo, and charitable games. This state gaming control board also hosts the interesting Missouri Gaming Commission News and Information blog with gaming news and information as well as photos.
Casinos in Missouri
There are thirteen riverboat casinos in Missouri.
The largest casino in Missouri is Ameristar Casino Hotel Kansas City with 2,578 gaming machines.
The second-largest casino is Ameristar Casino Resort Spa St. Charles with 2,567 gaming machines.
Commercial Casinos in Missouri
The 13 riverboat casinos in Missouri are:
- Ameristar Casino Resort Spa St. Charles located 23 miles northwest of St. Louis.
- Argosy Casino Hotel & Spa in Riverside located 7 miles northwest of Kansas City.
- Century Casino Cape Girardeau located 116 miles southeast of St. Louis.
- Century Casino Caruthersville located 98 miles north of Memphis, Tennessee.
- Harrah’s Kansas City in North Kansas City located 7 miles northeast of Kansas City.
- Isle of Capri Casino Hotel – Boonville located 103 miles east of Kansas City.
- Lumiére Place Casino & Hotels in St. Louis.
- Mark Twain Casino in La Grange located 145 miles northwest of St. Louis.
- River City Casino & Hotel in St. Louis.
- St. Jo Frontier Casino in St. Joseph located 55 miles north of Kansas City.
Tribal Casinos in Missouri
Missouri is home to two American Indian tribes. Without federal-recognition, neither tribe can offer a tribal casino. Further, no tribal gaming compacts exist with the state.
Other Gambling Establishments
As an alternative to enjoying Missouri slot machine casino gambling No deposit casino usa. , consider exploring casino options in a nearby state. Bordering Missouri is:
- North: Iowa Slots
- East: Illinois Slots
- Southeast: Kentucky Slots
- South: Arkansas Slots and Tennessee Slots
- Northwest: Nebraska Slots
- West: Kansas Slots and Oklahoma Slots
Each of the links above will take you to my blog for that neighboring U.S. state to Missouri.
Our Missouri Slots Facebook Group
Are you interested in sharing and learning with other slots enthusiasts in Missouri? If so, join our new Missouri slots community on Facebook. All you’ll need is a Facebook profile to join this closed Facebook Group freely.
There, you’ll be able to privately share your slots experiences as well as chat with players about slots gambling in Missouri. Join us!
Payout Returns in Missouri
Missouri state law has established an 80% lower limit for the theoretical payout on all gambling devices.
Actual return statistics are combined results from all electronic games including video poker, video keno, and slot machines. Monthly reports are under the gaming control board’s I Want To… section called View Slot Payout Percentages by Location.
The most recent monthly report at the time of this writing is from January 2020.
This extensive monthly return reports statistics by casino and slot machine denomination. In January 2020, the overall slots return percentage for all thirteen Missouri riverboat casinos was 90.4%.
Further, for January 2020, the individual monthly return for each riverboat casino was:
- Ameristar Kansas City: 90.5%
- Ameristar St. Charles: 91.0%
- Argosy: 90.5%
- Century Cape Girardeau: 89.8%
- Century Caruthersville: 89.5%
- Harrah’s Kansas City: 90.0%
- Hollywood St. Louis: 90.8%
- Isle of Capri – Boonville: 90.0%
- Isle of Capri – Kansas City: 88.6%
- Lumiére Place: 90.2%
- Mark Twain: 89.2%
- River City: 90.8%
- St. Jo Frontier: 88.7%
For January 2020, the highest returns went to Ameristar Casino Resort Spa St. Charles at 91.0% closely followed by River City at 90.8%. The lowest returns for the month went to the Isle of Capri Casino Hotel – Kansas City at 88.6% closely followed by Mark Twain Casino at 88.7%.
By slot machine denominations, the highest returns went to Ameristar Kansas City with 107.9% payout on their $100 machines followed by 100.9% for $25 machines at Lumiére Place. Both high returns were no doubt due to a single large jackpot win during January.
The lowest returns by slot machine denomination went to Hollywood with a 76.4% for their $100 machines followed by 81.7% at River City. And, yes, 76.4% is less than the state’s minimum theoretical payout of 80%.
It would be best to avoid these slot machine denominations at these casinos as well as any other low-return slot machine denominations in Missouri. Be sure to check the most recent return statistics prior to visiting casinos in Missouri!
Summary of Missouri Slot Machine Casino Gambling in 2020
Missouri slot machine casino gambling consists of thirteen riverboat casinos having a total of 16,293 slot machines. Missouri’s tribes are unable to offer tribal casinos.
State gaming regulations established an 80% minimum theoretical payout for all gaming devices including slot machines, video poker, and video keno. Detailed return statistics are publicly available by month, casino, and slot machine denomination.
Annual Progress in Missouri Slot Machine Casino Gambling
Over the last year, the two Ameristar casinos in Missouri have each increased their number of slots by either over 300 or nearly 600 machines.
Otherwise, the Isle of Capri Casino Hotel – Cape Girardeau has become the Century Casino Cape Girardeau. Further, Century Casino also purchased Lady Luck Caruthersville and subsequently renamed it Century Casino Caruthersville.
Other State-By-State Articles from Professor Slots
Isle Of Capri Slot Machines Jackpots
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- Next: Montana Slot Machine Casino Gambling
Have fun, be safe, and make good choices!
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl, LLC
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl, LLC