ISLE reports declining revenue

Dec 3, 2012 6:06 PM

A weak second fiscal quarter for Isle of Capri Casinos Inc. (ISLE) resulted in the company reporting a decline in revenue and a widening loss.

The company said earnings fell to $223.2 million from last year’s $231.4 million while the loss increased to $6.7 million or $0.17 per share compared to a loss of $1.5 million or $0.04 per share.

President and CEO Virginia McDowell said the company was unable to overcome weakness caused by market conditions, construction disruptions and the rebranding of one of its properties.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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