Isle of Capri Casino reported a first quarter 2011 loss of $2.66 million, or $0.08 a share yesterday, according to CasinoGamingStock.net.
The website, which tracks gaming companies, reported the company's performance in the first quarter was below Wall Street analysts' expectations, who projected revenue of $262.50 million.
The Cape Girardeau City Council last week endorsed Isle of Capri's $125 million casino proposal.
Isle's stock values have dropped over the past few months, from closing at $9.26 per share on June 30 to opening at $7.92 today, according to the New York Stock Exchange. It was trading as low as $6.90 this afternoon.
Isle's Chief Operating Officer James B. Perry told CasinoGamingStock.net the company's performance was solid in the midst of poor economic conditions.
He also pointed to the company's expansion efforts as a way to boost revenue, including its proposed Cape Girardeau casino and a second one under consideration in Fayette County, Penn.
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