BAD WEATHER BLAMED FOR ISLE OF CAPRI DECLINE

August 19, 2001 7:42 PM
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Isle of Capri officials blamed Midwest flooding, a tropical storm in the South and a slowing economy for first quarter losses.

The Biloxi casino saw earning fall 40 percent from the same period last year. Isle of Capri reported net income of $5.8 million, down from $10.5 million in 2000.

The company also saw profits drop at its casino in Lake Charles, La.