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Isle of Capri Casinos history
Isle of Capri Casinos company history timeline
The company was founded in 1990 by Bernard Goldstein as Kana Corporation.
The two boats, which sailed from Bettendorf, Iowa on April 1, 1991, were two of the first modern riverboat casinos.
Isle of Capri Casinos opened its first casino in Biloxi, Mississippi in August 1992, and was the first gaming establishment to trade on the NASDAQ.
1992-94: Reorganization and Expansion
The new Isle of Capri Carribean-themed casino opened in May 1994 and was an instant success, partly because it had been heavily promoted in the Dallas area, just a three-hour drive away, and from which it drew a steady stream of customers.
Along with Goldstein, Ernst and Solomon made up Kana's top management, although Ernst resigned in 1995.
By the time its Biloxi Improvement Program was completed in 1996, Casino America had spent about $50 million on its additions and renovations.
In June 1997, Casino America announced its joint venture plans to open a new casino in Black Hawk, Colorado in a partnership with Nevada Gold & Casinos.
In September 1998, it became Isle of Capri Casinos, Inc. and changed its ticker symbol to "ISLE."
Isle of Capri completed the purchase of the Harrah facility early in 1999, paying a reported $9.5 million for the 62,100-square-foot casino.
In 2000, Isle of Capri spent $400 million in a multi-part deal to acquire the Lady Luck chain of casinos.
By 2001, it ranked seventh and was still growing.
In 2001, the company also had two more casinos under construction in Missouri.
In 2005, its Biloxi casino (but not its hotel) was destroyed and its Lake Charles facilities were damaged by Hurricanes Katrina and Rita, respectively.
On February 14, 2006, Isle of Capri sold the Isle of Capri Bossier City and Isle of Capri Vicksburg to Legends Gaming for $240 million.
In August 2006, Isle of Capri Casinos moved its headquarters from Biloxi to Creve Coeur, Missouri, a suburb of St Louis.
On March 19, 2007 Isle of Capri purchased Casino Aztar in Caruthersville, Missouri from Columbia Sussex for about $45 million.
In 2008, the company adopted a two-brand strategy, reviving the Lady Luck name for smaller properties with limited amenities, while keeping the Isle of Capri name for properties with full-service facilities like hotel rooms, convention space, and expanded dining options.
In June 2010, Isle of Capri bought the Rainbow Casino in Vicksburg, Mississippi from Bally Technologies for $80 million.
On April 14, 2011, Isle of Capri and Nemacolin Woodlands Resort were selected as the recipients of Pennsylvania's last casino resort license by the state's gaming board.
In November 2012, Isle of Capri sold the Isle Casino Hotel Biloxi to Landry’s Inc. for $45 million.
On July 1, 2013, Lady Luck Casino Nemacolin opened to the public.
On February 3, 2014, the Company completed the sale of its Davenport, Iowa casino to Scott County Casino LLC.
On October 18, 2015, the Company closed their Natchez, MS riverfront casino due to low patronage.
On March 13, 2017, the Company sold Lady Luck Marquette to the Casino Queen based in Swansea, Illinois.
Temporarily Closed – Opening Spring of 2022
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Isle of Capri Casinos competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ameristar Casino Hotel East Chicago | 2016 | $270.0M | 2,200 | 87 |
| Bally’s Dover Casino Resort | 1969 | $179.9M | 906 | - |
| Grand Casino | 1991 | $5.3M | 237 | 1 |
| Foxwoods Resort Casino | 1992 | $91.0M | 2,200 | 33 |
| Greektown | 2000 | $331.7M | 1,410 | - |
| Choctaw Casinos & Resorts | 1987 | $16.0M | 350 | - |
| Sam's Town Hotel & Casino - Shreveport | 1994 | $120.0M | 1,500 | 68 |
| Mohegan Sun | 1996 | $30,000 | 30 | 118 |
| Turning Stone Resort Casino | 1993 | $34.0M | 1,004 | 3 |
| Cache Creek Casino Resort | 1985 | $220.0M | 2,000 | 19 |
Isle of Capri Casinos history FAQs
Zippia gives an in-depth look into the details of Isle of Capri Casinos, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Isle of Capri Casinos. The employee data is based on information from people who have self-reported their past or current employments at Isle of Capri Casinos. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Isle of Capri Casinos. The data presented on this page does not represent the view of Isle of Capri Casinos and its employees or that of Zippia.
Isle of Capri Casinos may also be known as or be related to Isle Of Capri Casinos, Isle of Capri Casino, Isle of Capri Casinos, Isle of Capri Casinos Inc, Isle of Capri Casinos LLC and Kana Corporation (1990–1992) Anubis II Corporation (1992) Casino America, Inc. (1992–1998).