Las Vegas Sun

March 29, 2024

Iowa riverboat sale completed

THE ASSOCIATE PRESS

BILOXI, Miss. -- Isle of Capri Casinos Inc. said it completed its deal to buy a casino in Davenport, Iowa, from President Casinos Inc.

President will use the proceeds from the $58.2 million cash purchase to pay down debt.

"This sale of our Davenport assets is a significant first step toward a major restructuring of the debt of President Casinos," said President Chief Operating Officer John S. Aylsworth.

President Casinos Inc. owns and operates dockside gaming facilities in Biloxi and downtown St. Louis.

archive