Isle of Capri, Inc. loses $1 million, Moody's downgrades Isle rating
The Isle of Capri, Inc., owner of Isle of Capri Casino-Bettendorf and Rhythm City Casino-Davenport, lost $1 million - 3 cents per share - in the gambling firm's second quarter ended October 24.
Revenues at the Isle's Colorado operation, Black Hawk, fell nearly $5 million from a year ago.
In a news release issued today (12/7), Moody's rating service downgraded the Isle of Capri credit rating based on its current debt level and the continuing effect the depressed economy is having on consumer spending on gambling.
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