ISLE OF CAPRI CASINOS,INC. (NASDAQ:ISLE) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets.
On March13, 2017,Isle of Capri Casinos,Inc. (the Company)
completed the previously announced sale of Isle of Capri
Marquette,Inc., a wholly-owned subsidiary of the Company with
casino operations in Marquette,Iowa, to CQ Holding Company,Inc.
Total proceeds from the sale were approximately $40 million,
subject to a customary purchase price adjustment.
Item 7.01. Regulation FD Disclosure.
A copy of the press release issued by the Company on March13,
2017 announcing the completion of the transaction is furnished as
Exhibit99.1.
The information furnished in this item is not deemed to be filed
for purposes of Section18 of the Exchange Act, or otherwise
subject to the liability of that section. This information will
not be deemed to be incorporated by reference into any filing
under the Securities Act or the Exchange Act, except to the
extent that the registrant specifically incorporates it by
reference.
Forward-Looking Statement
This Current Report on Form8-K contains forward-looking
statements, which are subject to change. These forward-looking
statements may be significantly impacted, either positively or
negatively by various factors, including without limitation,
licensing, and other regulatory approvals, financing sources,
development and construction activities, costs and delays,
weather, permits, competition and business conditions in the
gaming industry. The forward-looking statements are subject to
numerous risks and uncertainties that could cause actual results
to differ materially from those expressed in or implied by the
statements herein.
Additional information concerning potential factors that could
affect the Companys financial condition, results of operations
and expansion projects, is included in the filings of the Company
with the Securities and Exchange Commission, including, but not
limited to, its Form10-K for the most recently ended fiscal year.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
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ExhibitNo. |
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Description |
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99.1 |
Press Release, dated March13, 2017 |
About ISLE OF CAPRI CASINOS, INC. (NASDAQ:ISLE)
Isle of Capri Casinos, Inc. is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania. Collectively, these properties feature over 12,000 slot machines and 300 table games (including approximately 80 poker tables), 2,200 hotel rooms and 40 restaurants. The Company also operates a harness racing track at its casino in Florida. The Company operates under two brands: Isle and Lady Luck. The Company’s casino properties include Isle Casino Hotel-Black Hawk, Lady Luck Casino-Black Hawk, Pompano Park, Bettendorf, Marquette, Waterloo, Lake Charles, Lula, Vicksburg, Boonville, Cape Girardeau, Caruthersville, Kansas City and Nemacolin. ISLE OF CAPRI CASINOS, INC. (NASDAQ:ISLE) Recent Trading Information
ISLE OF CAPRI CASINOS, INC. (NASDAQ:ISLE) closed its last trading session up +0.54 at 26.08 with 198,405 shares trading hands.