Isle Of Capri (ISLE) Outperforms Kansas City Casinos
According to reports released from the Missouri Gaming Commission on Friday, the only Kansas City area casino to post an increase in profits last month was Isle of Capri Casinos (ISLE: 4.92 -4.09%).
Although the Isle of Capri Casino is the smallest gambling operation in the market, the month of August saw both revenue and the number of patrons rise while competing casinos saw their numbers decline.
Isle of Capri Kansas City saw 138,000 patrons during the month with an increase of 0.5% in revenue to $7.03 million.
August numbers are quite different from July’s reports where Isle of Capri was the only casino to remain relatively flat while revenue rose approximately 8% at both Harrah’s and Ameristar.
Overall Kansas City saw a decline of 5.2% to $58.2 million during the month, possibly positioning Isle of Capri ahead of the proposal from Paragon Gaming was is looking to build a casino in the already saturated Kansas City market.
Isle of Capri has submitted the only proposal in an area without competing casinos.
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