Isle completes acquisition of Rainbow

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Published: June 9,2010

Tags: casinos, gaming, mergers and acquisitions

VICKSBURG — Isle of Capri Casinos, Inc. has completed the previously announced acquisition of Rainbow Casino in Vicksburg from Bally Technologies Inc.

Under the terms of the agreement, Isle of Capri Casinos paid Bally Technologies $80 million in an all-cash transaction.

“This transaction expands our presence in Mississippi and returns Isle to the Vicksburg market,” said James B. Perry, chairman and CEO of Isle of Capri. “At some point in the future, we will re-brand the property as a Lady Luck Casino, returning the Lady Luck brand to the state as well. We welcome both Rainbow employees and guests and look forward to continued success.”

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