Isle of Capri Casinos 2Q Loss Widens

Isle of Capri Casinos took a hit on taxes during the second-quarter and, paired with gamblers less willing to part with money, posted a wider loss Thursday.

Corporate and development expenses also rose $1.5 million and the company said total project costs for its Lady Luck Nemacolin in western Pennsylvania will range between $57 million and $60 million.

The casino operator lost $6.7 million, or 17 cents per share, for the three months ended Oct. 28. A year earlier it lost $1.5 million, or 4 cents per share.

Loss from continuing operations was 11 cents per share. When stripping out preopening costs related to a property in Cape Girardeau, Mo. and costs tied to refinancing subordinated debt, Isle of Capri’s results were break-even. Read more on NBC News.


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