|
||||||||||||||||||||
|
Fallout Shelter May Become
|
||||
|
ST. LOUIS, MO -- Isle of Capri has completed the purchase of President's Davenport, IA casino and hotel operations for $58.2 million in cash at an announcement October 10. Isle of Capri plans to rename the property Rhythm City Casino. A new brand for the Isle of Capri Casinos, Inc., the Rhythm City theme will be launched along with a new vessel for the property, the Treble Clef, formerly the Queen of the Red. President Casinos, Inc. intends to use the proceeds to pay down debt as part of its plan to restructure its balance sheet. "I am especially pleased to expand our company into the city of Davenport. This is my hometown area; I take great pride in developing within it a quality entertainment product. We look forward to making the Quad Cities proud to be the birthplace of Rhythm City," said Bernard Goldstein, chairman and chief executive officer of Isle of Capri. |
"This sale of our Davenport assets is a significant first step toward a major restructuring of the debt of President Casinos," said John S. Aylsworth, president and chief operating officer. Isle of Capri owns and operates casinos in 14 riverboat, dockside and land-based casinos at 13 locations in Mississippi, Missouri, Iowa, Liousiana, and Las Vegas. The company also operates Pompano Park Harness Racing Track in Pompano Beach, FL, President Casinos, Inc. owns and operates dockside gaming facilities in Biloxi, MS and downtown St. Louis, MO near the base of the Gateway Arch. |
Casino
City
|
![]() |
|
Reno, NV -- Ed Beck and his wife stayed and played at Atlantis from Mammoth Lakes, California for Ed's 80th birthday October 5. The couple was gaming on a Perfect Ten 10 Times Play $1 slot machine. Ed put $20 into the machine. He had just six credits left and that's when he scored $10,000. For a minute, Ed says he didn't believe it. He and his wife will use the money to pay off their car they bought only a week before. Ed says he paid exactly $10,000 for it so now they will be even. He says winning the jackpot was a great birthday present.
|
|
Tell
us what you think about our newsletter. |