Home » NEWS » Gaming » Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'

Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'

Royal-Flush_GambleAROUND MISSISSIPPI — Isle of Capri Casinos Inc. has released financial results for the first quarter of fiscal year 2015.

Company-wide, net revenue for the quarter was $241.6 million, compared to $238.0 million in the prior year quarter, and consolidated adjusted EBITDA was $43.7 million, compared to $41.9 million in the same quarter of the prior fiscal year

However, Isle of Capri’s net revenues in Mississippi decreased $0.8 million to $24.9 million, and adjusted EBITDA was consistent with prior year at $2.8 million. In Lula, the gaming company improved its adjusted EBITDA by over 30 percent and margins by over 400 basis points, which Isle of Capri attributed primarily to a more targeted marketing program and profit improvement initiatives.

Isle of Capri reported that Natchez and Vicksburg “continue to experience market pressures from competition and economic conditions.”

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>