Isle of Capri Casinos (ISLE) to Sell Isle of Capri Casino Hotel Lake Charles in ~$134.5M Deal
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Isle of Capri Casinos, Inc. Enters into Agreement to Sell Isle of Capri Casino Hotel Lake Charles to Laguna Development Corporation
August 22, 2016 9:24 AM EDTST. LOUIS, Aug. 22, 2016 /PRNewswire/ --Â Isle of Capri Casinos, Inc. (NASDAQ: ISLE) announced today that it has entered into a definitive agreement to sell the Isle of Capri Casino Hotel Lake Charles to an affiliate of Laguna Development Corporation ("LDC"), a Pueblo of Laguna-owned business based in Albuquerque, New Mexico.
Under the terms of the agreement, Kicks Entertainment, LLC, a newly formed entity owned by LDC and Eagle Holdings, LLLP, will purchase Isle of Capri Casino Hotel Lake Charles for cash consideration of approximately $134.5 million, which represents 7.8x fiscal 2016 Adjusted... More
