Last $8.69 USD
Change Today -1.36 / -13.53%
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isle of capri casinos (ISLE) Key Developments

Isle of Capri Casinos, Inc. Announces Management Changes

Isle of Capri Casinos, Inc. announced the management changes. The position of Executive Chairman of the Board of Directors, currently held by Jim Perry, has been eliminated. Mr. Perry continues to serve as a member of the Board of Directors. Robert Goldstein, currently the Vice Chairman of the Board of Directors, has been named (non-executive) Chairman of the Board of Directors. Additionally, the position of Chief Strategic Officer, currently held by Eric Hausler, has been eliminated and Mr. Hausler has been named the company's Chief Financial Officer. Mr. Hausler succeeds Dale Black who served as Chief Financial Officer since 2007. Mr. Black is leaving the company to pursue other interests. The appointments are subject to customary regulatory approvals.

Gaming and Leisure Properties Reportedly To Acquire Isle of Capri Casinos

Gaming and Leisure Properties, Inc (NasdaqGS:GLPI) is in advanced negotiations to acquire Isle of Capri Casinos, Inc. (NasdaqGS:ISLE) weeks away from a potential deal, Reuters reported citing people familiar with the situation. Isle of Capri Casinos, Inc. is being advised by Peter J. Solomon Company. The transaction would also require shareholder approval and gaming license transfer approval in many jurisdictions. Spokespersons for Isle of Capri Casinos, Inc. and Peter J. Solomon Company declined to comment. Gaming and Leisure Properties, Inc did not immediately respond to a request for comment.

Isle of Capri Casinos, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended April 27, 2014; Provides Financial Guidance for Fiscal Year 2015

Isle of Capri Casinos, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended April 27, 2014. For the quarter, the company reported net revenues of $260,776,000 compared to $257,394,000 a year ago. Operating loss was $126,220,000 compared to $15,642,000 a year ago. Loss from continuing operations before income taxes was $147,715,000 compared to $40,362,000 a year ago. Loss from continuing operations was $139,720,000 or $3.51 per basic and diluted share compared to $47,260,000 or $1.20 per basic and diluted share a year ago. Net loss was $141,518,000 or $3.55 per basic and diluted share compared to $45,391,000 or $1.15 per basic and diluted share a year ago. Adjusted EBITDA was $57,150,000 compared to $56,674,000 a year ago. Adjusted income was $13,683,000 or $0.34 per share compared to $7,280,000 or $0.19 per share a year ago. Fourth quarter capital expenditures were $5.2 million. For the year, the company reported net revenues of $954,600,000 compared to $923,405,000 a year ago. Operating loss was $67,565,000 compared to operating income of $42,461,000 a year ago. Loss from continuing operations before income taxes was $148,160,000 compared to $45,735,000 a year ago. Loss from continuing operations was $129,666,000 or $3.26 per basic and diluted share compared to $52,467,000 or $1.33 per basic and diluted share a year ago. Net loss was $127,686,000 or $3.21 per basic and diluted share compared to $47,569,000 or $1.21 per basic and diluted share a year ago. Adjusted EBITDA was $173,368,000 compared to $176,026,000 a year ago. Adjusted loss was $2,330,000 or $0.06 per share compared to adjusted income of $8,898,000 or $0.23 per share a year ago. For the year total capital expenditures were approximately $38.1 million, including $18.1 million related to the completion of Nemacolin facility. Total debt was $1.1 billion. For fiscal year 2015, depreciation and amortization expense is expected to be approximately $80 million to $82 million. Interest expense is expected to be approximately $83 million to $85 million. The company expects cash income taxes pertaining to fiscal year 2015 operations to be less than $1 million, primarily representing state income taxes. Corporate and development expenses for fiscal year 2015 are expected to be approximately $30 million, including approximately $4 million in non-cash stock compensation expense. Maintenance capital expenditures for fiscal year 2015 are expected to be approximately $47 million to $50 million.

Isle of Capri Casinos, Inc. to Report Q4, 2014 Results on Jun 17, 2014

Isle of Capri Casinos, Inc. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Jun 17, 2014

Isle of Capri Casinos, Inc., Q4 2014 Earnings Call, Jun 17, 2014

Isle of Capri Casinos, Inc., Q4 2014 Earnings Call, Jun 17, 2014

 

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