Isle of Capri posts loss for second quarter

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

Isle of Capri Casinos reported a loss of $1 million, or 3 cents a share in the second quarter ended Oct. 26. The Creve Coeur-base casino operator said the loss was related to its spending in opposition of Colorado’s Amendment 68, which would have allowed slot machines and craps tables at horse racing tracks.

The company, which operates 15 casinos, including gambling halls in Boonville, Cape Girardeau, Caruthersville and Kansas City, invested $3 million in the second quarter in campaigning against the proposed legislative change. Colorado voters rejected the amendment in November.

During its second quarter last year, Isle of Capri reported a profit of $8 million, or 16 cents a share.

Read more from the St. Louis Post Dispatch

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