An Iowa casino operated by Isle of Capri (ISLE: 8.57 0.00%) has put planned improvements on hold due to declining earnings. Isle spokesmen say the improvements will still happen, but the time frame has been adjusted.

The Rhythm City Casino in Davenport, Iowa, was scheduled for a $9 million upgrade. But profits at that location and another in Bettendorf have been low, causing a reassessment of the project.

Casinos in Marquette and Caruthersville, Missouri are still moving forward with renovations.

Rhythm City saw June revenues of $4.39 million, down from May’s results,which netted $5.04 million. The numbers were better than June of 2008, but that is accounted for the closing for part of that month due to river flooding.

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