Isle of Capri Casinos (ISLE) to Sell Isle Casino Hotel Biloxi for $45M
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Isle of Capri Casinos, Inc. (NASDAQ: ISLE) announced today that it has entered into a definitive purchase agreement with Golden Nugget Biloxi, Inc., a wholly owned subsidiary of Landry's, Inc., to sell its Isle Casino Hotel in Biloxi, Mississippi.
Under the terms of the agreement, Golden Nugget Biloxi, Inc. has agreed to pay Isle of Capri Casinos, Inc. approximately $45 million. The transaction is subject to regulatory approval and other customary closing conditions.
Under the terms of the agreement, Golden Nugget Biloxi, Inc. has agreed to pay Isle of Capri Casinos, Inc. approximately $45 million. The transaction is subject to regulatory approval and other customary closing conditions.
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