Isle of Capri Casinos to Close Natchez, MS Hotel and Sell Certain Non-Gaming Assets for $11.5M

Isle of Capri Casinos, Inc. | August 12, 2015

ST. LOUIS, Aug. 12, 2015 -- Isle of Capri Casinos, Inc. (NASDAQ: ISLE) announced today that the Company will close its casino property in Natchez, Mississippi, and has entered into a definitive agreement to sell its Natchez hotel and certain related non-gaming assets to Casino Holding Investment Partners, LLC, the parent company of Magnolia Bluffs Casino, for $11.5 million. The transaction is expected to close in October 2015, subject to customary closing conditions. "We are proud of all that we have accomplished together and we thank our team members for their dedication and hard work in the many years we have operated in Natchez," sai...