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Isle of Capri Stocks Dip

Posted Tuesday, August 31, 2010, at 1:15 PM

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.

Click here to read more: http://www.casinogamingstock.net/news/is...


Comments
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Does every business that considers Cape as an option have their stocks discussed on a blog? Has there been any blogs mentioning TJ Maxx's stock price? What about the stock prices of other companies that might be expanding into Cape?

-- Posted by bam-bam on Tue, Aug 31, 2010, at 6:05 PM

The entire market dipped yesterday. It lost about 150 points.

-- Posted by Just__Me on Tue, Aug 31, 2010, at 6:27 PM


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Melissa Miller is business editor at The Southeast Missourian. A graduate of the University of Missouri Journalism School, she's worked as a reporter, photographer, editor and as the executive director of two not-for-profit organizations. After living in Michigan and then Indiana, she moved back to her hometown of Jackson, Mo. In addition to writing daily stories for The Southeast Missourian, Melissa coordinates editorial content each month for Business Today. Business Today is a monthly publication for southeast Missouri's business community. Monthly themes include health care, agriculture, women in business, technology and more. Business Today is direct mailed to business owner and managers throughout southeast Missouri and southern Illinois. Follow her updates on local business developments at www.twitter.com/semissourianbiz or on Facebook at www.facebook.com/MelissaMillerSoutheastMissourian

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