Stifel Downgrades Isle of Capri Casinos (ISLE) to Hold

Eldorado Resorts Enters into Definitive Agreement to Acquire Isle of Capri Casinos for $23 Per Share in Accretive Cash and Stock Transaction Valued at $1.7 Billion

September 19, 2016 6:30 AM EDT

Significantly Diversifies Eldorados Operations Geographically and Financially;
Combined Company will Own and Operate 20 Regional Gaming Facilities in Ten States

RENO, Nev. & ST. LOUIS--(BUSINESS WIRE)-- Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado, ERI, or the Company) and Isle of Capri Casinos, Inc. (NASDAQ: ISLE) (Isle of Capri or "Isle") announced today that they have entered into a definitive merger agreement whereby Eldorado will acquire all of the outstanding shares of Isle of Capri for $23.00 in cash or 1.638 shares of Eldorado common stock, at the... More

Isle of Capri Casinos, Inc. Announces Fiscal 2017 First Quarter Results

September 17, 2016 5:28 AM EDT

ST. LOUIS, Aug. 30, 2016 /PRNewswire/ -- Isle of Capri Casinos, Inc. (NASDAQ: ISLE) (the "Company") today reported financial results for the first quarter ended July 24, 2016 and other Company-related news.

Fiscal 2017 First Quarter Highlights 

Diluted net income per share from continuing operations increased to $0.25 per share from $0.21 in the prior year quarter. Adjusted EBITDA decreased $1.3 million, or 2.5%, year over year. Excluding our Lake Charles property, which the Company has agreed to sell, Adjusted EBITDA increased slightly year over year.  Seven of 13 properties generated higher... More