Isle of Capri casino signage | Courtesy of Dustin Oliver/Flickr

Isle of Capri closes on $40 million Casino Queen deal

Isle of Capri Casinos Inc. has wrapped up its $40 million sale of an Iowa casino to an affiliate of the Casino Queen. The sale of the Lady Luck Casino Marquette, which was announced in October, closed Monday.

Casino Queen, one of St. Louis’ largest privately held companies with 2015 revenue of $120 million, bought the Iowa casino for what represents 7.5 times the trailing 12 months adjusted EBITDA through the first quarter of fiscal 2017.

Read more: St. Louis Business Journal

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