Gaming: Isle Of Capri Postpones Offering
July 7, 2010 (FinancialWire) — Isle of Capri Casinos, Inc. (NASDAQ: ISLE), citing adverse recent market conditions, said it has postponed the proposed public offering of nine million shares of its common stock.
The company’s shares jumped by 7%, or 68 cents, in the hours following the announcement. The stock closed at $9.93.
Missouri-based Isle of Capri Casinos offers gaming and entertainment at its 15 casino properties.
The company owns and operates casinos in Biloxi, Lula, Natchez and Vicksburg, Mississippi; Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and Waterloo, Iowa; Boonville, Caruthersville and Kansas City, Missouri; two casinos in Black Hawk, Colorado; and a casino and harness track in Pompano Beach, Florida.
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