Mississippi company passes on AC opportunity

Tuesday, Oct. 10, 2000 | 12:08 p.m.

THE ASSOCIATED PRESS

BILOXI, Miss. -- Thanks, but no thanks.

Tim Hinkley, the COO for Biloxi-based Isle of Capri Casinos Inc., says the casino company has no plans -- or desire -- to acquire the bankrupt Claridge Hotel and Casino in Atlantic City.

Analysts had suggested Isle of Capri could be a likely buyer for the Atlantic City property given its "long-term earnings record."

Dennis Forst, an analyst with McDonald Investments, said Isle is among the top midcap casinos operating today.

The Isle is expected to earn $1.09 per share in 2000 and $1.35 per share in 2001. Last year, the company earned 51 cents per share for the year.

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