Isle Of Capri Nemacolin
- Isle Of Capri Nemacolin
- Isle Of Capri Nemacolin Casino
- Isle Of Capri Nemacolin Resort
- Isle Of Capri Nemacolin Condos For Sale
| Formerly | Kana Corporation (1990–1992) Anubis II Corporation (1992) Casino America, Inc. (1992–1998) |
|---|---|
| Type | Public |
| Nasdaq: ISLE | |
| Industry | Gaming |
| Genre | Casinos |
| Successor | Eldorado Resorts |
| Founded | 1990; 31 years ago |
| Founder | Bernard Goldstein |
| Defunct | May 1, 2017; 3 years ago |
| Headquarters | Creve Coeur, Missouri, U.S. |
| Revenue | US$1.13 billion (2008)[1] |
| -$51.35 million | |
| -$96.87 million | |
| Total assets | $2 billion |
| Total equity | $188.01 million |
| Owner | Eldorado Resorts |
Number of employees | 7,500 |
| Website | islecorp.com[dead link] |
Isle of Capri Casinos, Inc. was a gaming company headquartered in Creve Coeur, Missouri in Greater St. Louis which operated casinos and associated entertainment and lodging facilities in the United States.
It operated 15 casinos in seven states across the U.S., Isle of Capri properties have nearly 13 million visitors each year. These properties have a total of about 14,000 slot machines, 350 table games, 2,300 hotel rooms; and three dozen restaurants.
Immerse yourself in all of the natural beauty that the Marco Island, Florida area has to offer. Take one out by yourself or go with a group. Our kayaks are a great way. The Pittsburgh Post-Gazette reported in February that Isle of Capri was actively shopping Lady Luck Nemacolin, citing a letter that was distributed to potential buyers. A call to Isle of Capri. Instant Bank Account Verification – Speeds up approval! If you want to speed up the approval process, click the Instant Verification button to complete the requested information and we will receive a read-only verification of your bank account status. In early 2019, Eldorado sold Presque Isle Downs and the operations of Lady Luck Casino Nemacolin to Churchill Downs, Inc. For a total of $179 million. 25 26 In March 2019, it was reported that Eldorado was discussing a merger with Caesars Entertainment.
History[edit]
The company was founded in 1990 by Bernard Goldstein as Kana Corporation.
In April 1992, it was renamed Anubis II Corporation. In June 1992, it was renamed again to Casino America, Inc. and began trading on the NASDAQ under the ticker symbol CSNO. In 1995 it announced a move to trade to the New York Stock Exchange but that did not happen. In September 1998, it became Isle of Capri Casinos, Inc.[2] and changed its ticker symbol to 'ISLE.'[3]
The company opened its first casino on August 1, 1992 as a publicly traded corporation. Goldstein was known as the 'grandfather of riverboat gaming since he owned the first riverboat casino to sail on the Mississippi River.[2]
Goldstein's first casino operations were in the Quad City area of Iowa and Illinois, where Goldstein operated the riverboats Diamond Lady and the Emerald Lady under the corporate name Steamboat Casino Cruises.[4] The two boats, which sailed from Bettendorf, Iowa on April 1, 1991, were two of the first modern riverboat casinos.[5]
Isle of Capri Casinos opened its first casino in Biloxi, Mississippi in August 1992, and was the first gaming establishment to trade on the NASDAQ.[citation needed]
In 2000, Isle of Capri spent $400 million in a multi-part deal to acquire the Lady Luck chain of casinos. Lady Luck Gaming, which owned two adjacent Lady Luck casinos in Lula, Mississippi, one in Natchez, Mississippi, the Miss Marquette casino in Marquette, Iowa, and a half interest in the Lady Luck casino in Bettendorf, Iowa, was bought for $59 million in cash, $177 million in assumed debt, and $22 million to redeem preferred stock.[6][7] On the same day, Isle of Capri bought the other half of the Bettendorf property from Goldstein's family for $62 million,[8] and the rights to the Lady Luck trademark from Lady Luck's founder, Andrew Tompkins, for $31 million.[7] Six months later, it completed the purchase of the Lady Luck Hotel & Casino in downtown Las Vegas from Tompkins for $14.5 million.[9] The Las Vegas property was sold two years later to a group of real estate investors.[10] The other Lady Luck properties were all rebranded under the Isle of Capri name.[11]
In 2005, its Biloxi casino (but not its hotel) was destroyed and its Lake Charles facilities were damaged by Hurricanes Katrina and Rita, respectively.[12][13]
In August 2006, Isle of Capri Casinos moved its headquarters from Biloxi to Creve Coeur, Missouri, a suburb of St. Louis.[14] Missouri had offered $4.2 million in tax incentives to lure the operation. 150 employees moved with the headquarters. Company officials said they were looking for new headquarters after evacuating their building three times in 2004–05 due to hurricanes.[15]
On February 14, 2006, Isle of Capri sold the Isle of Capri Bossier City and Isle of Capri Vicksburg to Legends Gaming for $240 million. The properties are now known as 'Diamond Jack's'.
The company competed for a gambling license in Pittsburgh in 2006, offering $290 million toward the construction of a new arena for the Pittsburgh Penguins as an incentive and thus drawing enormous public support in Pittsburgh. The Pennsylvania Gaming Control Board nevertheless awarded the license to PITG Gaming Majestic Star instead, who was required to partially fund the building of the new arena, the Consol Energy Center.[16]
On March 19, 2007 Isle of Capri purchased Casino Aztar in Caruthersville, Missouri from Columbia Sussex for about $45 million.
In April, 2007 the Company opened the Isle Casino & Racing at Pompano Park in Pompano Beach, Florida.
On July 1, 2007 Isle of Capri opened a new property in Waterloo, Iowa.
In 2008, the company adopted a two-brand strategy, reviving the Lady Luck name for smaller properties with limited amenities, while keeping the Isle of Capri name for properties with full-service facilities like hotel rooms, convention space, and expanded dining options.[17] The Marquette and Caruthersville casinos were the first to be rebranded as Lady Luck properties.[18]
In June 2010, Isle of Capri bought the Rainbow Casino in Vicksburg, Mississippi from Bally Technologies for $80 million.[19] The property was re-branded Lady Luck Casino in 2012.
On December 1, 2010, the Missouri Gaming Commission awarded the company the state's 13th gaming license for a casino project in Cape Girardeau.[20] The casino includes 1,000 slot machines, 28 table games, 3 restaurants, a lounge and terrace overlooking the Mississippi River and a 750-seat event center at an estimated cost of $125 million.
On April 14, 2011, Isle of Capri and Nemacolin Woodlands Resort were selected as the recipients of Pennsylvania's last casino resort license by the state's gaming board.[21] Lady Luck Casino Nemacolin is expected to include 600 slot machines, 28 table games, a casual dining restaurant and lounge.
On October 30, 2012, Isle Casino Cape Girardeau opened to the public.[22]
In November 2012, Isle of Capri sold the Isle Casino Hotel Biloxi to Landry’s Inc. for $45 million.[23]
On July 1, 2013, Lady Luck Casino Nemacolin opened to the public.[24]
On February 3, 2014, the Company completed the sale of its Davenport, Iowa casino to Scott County Casino LLC.[25]
On October 18, 2015, the Company closed their Natchez, MS riverfront casino due to low patronage. The Isle of Capri hotel was sold to Natchez competitor Magnolia Bluffs Casino.[26]
On March 13, 2017, the Company sold Lady Luck Marquette to the Casino Queen based in Swansea, Illinois.[27]
On May 1, 2017, the acquisition by Eldorado Resorts, previously announced on September 19, 2016, was completed.[28]
Properties[edit]
The properties owned and operated by Isle of Capri Casinos at the time of its acquisition were:
- Isle Casino Hotel Bettendorf — Bettendorf, Iowa
- Isle Casino Hotel Black Hawk — Black Hawk, Colorado
- Isle Casino Cape Girardeau — Cape Girardeau, Missouri
- Isle Casino Hotel Waterloo — Waterloo, Iowa
- Isle Casino Racing Pompano Park — Pompano Beach, Florida
- Isle of Capri Casino Hotel Boonville — Boonville, Missouri
- Isle of Capri Casino Kansas City — Kansas City, Missouri
- Isle of Capri Casino Hotel Lake Charles — Lake Charles, Louisiana
- Isle of Capri Casino Hotel Lula — Lula, Mississippi
- Lady Luck Casino Black Hawk — Black Hawk, Colorado
- Lady Luck Casino Caruthersville — Caruthersville, Missouri
- Lady Luck Casino Nemacolin — Farmington, Pennsylvania
- Lady Luck Casino Vicksburg — Vicksburg, Mississippi
Former[edit]
Properties previously owned by the company include:
- Enchanted Capri casino cruise ship, sailing out of New Orleans, Louisiana
- Isle Casino Coventry — Coventry, England
- Isle of Capri Casino Hotel Biloxi — Biloxi, Mississippi
- Isle of Capri Casino Hotel Bossier City — Bossier City, Louisiana
- Isle of Capri Casino Hotel Tunica — Tunica, Mississippi
- Isle of Capri Casino at Our Lucaya — Lucaya, Bahamas
- Isle of Capri Casino Vicksburg — Vicksburg, Mississippi
- Lady Luck Hotel & Casino — Las Vegas, Nevada
- Lady Luck Casino Marquette — Marquette, Iowa
- Rhythm City Casino Resort — Davenport, Iowa
References[edit]
- ^Isle of Capri Casinos: NASDAQ:ISLE quotes & news - Google Finance. Finance.google.com (2013-06-06). Retrieved on 2013-07-26.
- ^ ab'International Directory of Company Histories, Vol. 41. St. James Press, 2001'. Fundinguniverse.com. Retrieved 2014-03-02.
- ^'Casino America, Inc. Becomes `Isle Of Capri Casinos, Inc.'.' PR Newswire. PR Newswire Association LLC. September 25, 1998 Retrieved February 1, 2009 from HighBeam Research: http://www.highbeam.com/doc/1G1-53029175.html[permanent dead link]
- ^'Isle of Capri Celebrates 10 Years of Business in the Gaming And Entertainment Industry'. Phx.corporate-ir.net. Archived from the original on 2008-11-28. Retrieved 2014-03-02.
- ^Gaming Hall of Fame: Bernard Goldstein. Gaming.unlv.edu. Retrieved on 2013-07-26.
- ^Busby, Charles (March 3, 2000). 'Isle joins billion-dollar club'. The Sun Herald. Biloxi, MS: via NewsBank. Retrieved 2012-06-16.(subscription required)
- ^ abForm 10-K405/A (Report). Isle of Capri Casinos. August 1, 2000. Item 1. Business. Retrieved 2012-06-16.
- ^'Company news: Isle of Capri Casinos is in deal to buy Lady Luck Gaming'. New York Times. October 7, 1999. Retrieved 2012-06-16.
- ^Form 10-K405 (Report). Isle of Capri Casinos. July 30, 2001. Liquidity and Capital Resources. Retrieved 2012-06-16.
- ^Benston, Liz (October 31, 2002). 'Casino changes owners'. Las Vegas Sun. Retrieved 2012-06-16.
- ^Form 10-K405 (Report). Isle of Capri Casinos. July 30, 2001. p. 1. Retrieved 2012-06-24.
- ^'Isle of Capri Casinos, Inc., Provides Update of Hurricanes Rita and Katrina Damage'. Prnewswire.com. Archived from the original on 2006-02-13. Retrieved 2014-03-02.
- ^'Biloxi's casino blues / QCTimes.com'. Qctimes.net. Retrieved 2014-03-02.
- ^'Isle of Capris Completes HQ move to Creve Coeur - St. Louis Business Journal - August 14, 2006'. Gotostlouis.org. Archived from the original on June 30, 2009. Retrieved March 2, 2014.
- ^'City, Missouri team up to lure Isle of Capri to Creve Coeur.' St. Louis Post-Dispatch (St. Louis, Missouri) (viaKnight-Ridder/Tribune Business News). January 24, 2006. Retrieved February 1, 2009 from HighBeam Research: http://www.highbeam.com/doc/1G1-141196188.htmlArchived 2016-03-06 at the Wayback Machine - 'Missouri and Creve Coeur are offering more than $4.2 million in tax incentives to lure the corporate headquarters of Isle of Capri Casinos Inc. from its home in Biloxi, Miss., said Mark Perkins, the city's administrator.' and 'Isle of Capri is fleeing the frequent hurricanes of the Gulf Coast region, Haynes said. The company had to evacuate its headquarters three times between the autumns of 2004 and 2005 -- shutting down finance and information systems for all of its properties in the process.'
- ^'PITG wins slots casino license for North Side', Pittsburgh Post-Gazette, December 20, 2006
- ^Form 10-K (Report). Isle of Capri Casinos. June 25, 2009. p. 2. Retrieved 2012-06-24.
- ^Form 10-K (Report). Isle of Capri Casinos. June 25, 2009. p. 7. Retrieved 2012-06-24.
- ^Stutz, Howard (June 9, 2010). 'Isle of Capri completes $80 million casino purchase'. Las Vegas Review-Journal. Retrieved 2012-06-13.
- ^Isle of Capri Casinos - Investor Relations - News Release. Phx.corporate-ir.net (2010-12-01). Retrieved on 2013-07-26.
- ^Isle of Capri & Nemacolin Woodlands Casino Resort Project Selected by... - FAYETTE COUNTY, Pa., April 14, 2011 /PRNewswire/. Prnewswire.com. Retrieved on 2013-07-26.
- ^Isle of Capri Casinos - Investor Relations - News Release. Phx.corporate-ir.net (2012-10-15). Retrieved on 2013-07-26.
- ^Perez, Mary (November 29, 2012). 'Landry's Golden Nugget buys Isle Casino Biloxi'. Sun Herald. Biloxi. Archived from the original on December 2, 2012. Retrieved November 30, 2012.
- ^'Lady Luck Casino Opens At Nemacolin Woodlands Resort « CBS Pittsburgh'. Pittsburgh.cbslocal.com. 2013-07-01. Retrieved 2014-03-02.
- ^'Casino closes as it changes owners'. Qctimes.com. 2014-02-03. Retrieved 2014-03-02.
- ^http://www.natchezdemocrat.com/2015/10/16/isle-of-capri-casino-closes-sunday/))
- ^Inc., Isle of Capri Casinos. 'Isle of Capri Casinos, Inc. Completes Sale of Lady Luck Marquette and Announces Redemption of $50 Million of its Outstanding 5.875% Senior Notes due 2021'. www.prnewswire.com.
- ^Barr, Diana (April 28, 2017). 'Isle of Capri sale to close Monday'. St. Louis Business Journal.
External links[edit]
| Nemacolin Woodlands Resort | |
|---|---|
| General information | |
| Address | 1001 Lafayette Dr |
| Town or city | Farmington, Pennsylvania |
| Coordinates | 39°48′17″N79°33′05″W / 39.8047°N 79.5515°WCoordinates: 39°48′17″N79°33′05″W / 39.8047°N 79.5515°W |
| Opened | September 1970 (as Nemacolin Inn) 1987 (as Nemacolin Woodlands Resort) |
| Owner | Maggie Hardy Magerko |
| Other information | |
| Number of rooms | 320 |
| Website | |
| http://www.nemacolin.com | |
Nemacolin Woodlands Resort (formerly known as Nemacolin Inn) is a four seasons resort in Farmington, Fayette County, Pennsylvania.[1] The resort is owned by Maggie Hardy Magerko, president of the 84 Lumber Company, and was founded by her father, Joseph Hardy.[2][3]
It includes The Lodge at Nemacolin Woodlands Resort, a Tudor Revival-style hotel which is a member of the Historic Hotels of America. Located at the center of Nemacolin Woodlands Resort, it was the hunting lodge of Pittsburgh businessman Willard F. Rockwell, who had it built in 1968.[4][5] The resort also includes a casino called Lady Luck Casino Nemacolin.
History[edit]
The resort is named after Chief Nemacolin, a native Delaware Indian who in 1740 trailblazed a route through the Laurel Highlands mountains between what is now Cumberland, Maryland and Brownsville, Pennsylvania.
Pittsburgh industrialist Willard Rockwell established a private game reserve on the property called Nemacolin Trails Hunting Reserve in 1968. The Rockwells established a hunting lodge along with a golf course and airstrip. Lakes Louise (named after the wife of Mr. Rockwell's youngest son) and Carol (named after the wife of Mr. Rockwell's second son) were added and Beaver Creek was developed and stocked into a trout fishing stream. In September 1970, the hotel was opened to the public under the name Nemacolin Inn.
In 1979, the property was sold to Cordelia Scaife May, but was returned three years later to the Rockwell family when Kent Rockwell repurchased the property and opened it to the public. By 1987, the 400 acre complex consisting of one hotel and a nine hole golf course was in bankruptcy. Joseph A. Hardy III, founder of the 84 Lumber Company, bought Nemacolin at an auction that year and reopened the complex as an upscale hotel and resort. In the following years Hardy expanded the property to encompass 2000 acres.[6]
In 2002, Hardy transferred full ownership of the resort to his daughter, Maggie Hardy Magerko. In 2007, Nemacolin's boutique hotel, Falling Rock, received AAA Five Diamond status. In 2009 Nemacolin's fine dining restaurant, Lautrec, received a Five Star rating from the Forbes Mobile Travel Guide and held that distinction until 2015.
In 2008, the resort housed the largest wine cellar in Pennsylvania with a collection of approximately 17,000 bottles.[7]
On July 1, 2013, Isle of Capri Casinos opened Lady Luck Casino Nemacolin on the property, under a lease agreement with the resort.[8] The casino operated under a Pennsylvania Class 3 'resort' gaming license, meaning that casino patrons had to first be customers of Nemacolin in order to access the casino floor--either by staying overnight at the resort, purchasing an annual membership, or purchasing a $10 resort gift card. In 2019, Churchill Downs Inc. bought the casino operating business for $100,000 from Eldorado Resorts (which had previously acquired Isle of Capri).[9] In June 2019, Churchill paid a fee of $1 Million to the Pennsylvania Gaming Control Board to eliminate the access fee requirement, allowing the general public to enter the casino at no additional charge. [10]In 2020, during the COVID-19 pandemic the resort was rented out as the set for the 25th season of The Bachelor.[11]
Dining[edit]
Upscale dining[edit]
- Lautrec, fine dining
- Aqueous
- Rockwell's, steakhouse
Casual dining[edit]
- The Tavern
- PJ's
- Barattolo
- Otis & Henry's Bar & Grill
Isle Of Capri Nemacolin
Activities[edit]
- Wildlife Academy
- Nemacolin Field Club
- Mystic Mountain
- Adventure Center
- Hardy Family Art Collection
Golf[edit]
Nemacolin Woodlands became host to PGA Tour event the 84 Lumber Classic in 2003. Contested on Nemacolin's Mystic Rock golf course, the event came to an end in 2006.[12] The four winners of the 84 Lumber Classic tournaments held on Mystic Rock at Nemacolin Woodlands Resort were:
- 2003 J. L. Lewis
- 2004 Vijay Singh
- 2005 Jason Gore
- 2006 Ben Curtis
In July 2017, Nemacolin unveiled a second golf course on top of the Allegheny Mountains called Shepherd’s Rock. The layout was designed by Pete Dye and Tim Liddy.[13]
Isle Of Capri Nemacolin Casino
Gallery[edit]
Exterior of resort
Lady Luck Casino building in 2006 prior to its use as a casino
See also[edit]
References[edit]
Isle Of Capri Nemacolin Resort
- ^Waltz, Amanda (7 November 2018). 'Roll the dice at Nemacolin Woodlands Resort'. Pittsburgh City Paper. Retrieved 26 November 2018.
- ^Colucci, Rosa (2018-11-02). 'Buying here: 84 Lumber owner's creekside resort in Fayette County is priced at $1.6 million'. Pittsburgh Post-Gazette. Retrieved 26 November 2018.
- ^Larson, Mike (5 November 2018). '84 Lumber owner Maggie Hardy Magerko's Fayette County house hits the market for $1.6M'. Pittsburgh Business Times. Retrieved 26 November 2018.
- ^'The Lodge at Nemacolin Woodlands Resort'. Historic Hotels of America. Retrieved May 5, 2020.
- ^'The Lodge at Nemacolin Woodlands Resort: History'. Historic Hotels of America. Retrieved May 5, 2020.
- ^Kassimer, Zelma (2013-02-26). 'Forbes Five-Star'. nemacolin.com. Retrieved 30 November 2018.
- ^Jim LePage; Paul Fersen (8 April 2008). The Orvis Guide to Great Sporting Lodge Cuisine. Thomas Nelson. pp. 55–. ISBN978-1-4185-8489-4.
- ^Bill Toland (February 25, 2015). 'Nemacolin's Lady Luck Casino being shopped by Isle of Capri'. Pittsburgh Post-Gazette. Retrieved 2019-03-11.
- ^Billy Kobin (March 9, 2019). 'Churchill Downs buys Lady Luck Casino Nemacolin in Pennsylvania'. The Courier-Journal. Louisville, KY. Retrieved 2019-03-11.
- ^Amy Fauth (June 18, 2019). 'Access fee at Lady Luck Casino Nemacolin lifted'. Herald-Standard. Uniontown, PA.
- ^https://abc.com/shows/the-bachelor/cast/bachelor-2021-matt-james
- ^Passov, Joe (2018-08-30). 'Two courses at Nemacolin Woodlands Resort offer a truly tough test'. Golf. Retrieved 26 November 2018.
- ^Matuszewski, Erik (14 July 2017). 'Shepherd's Rock: A New Golf Course Punctuates $250 Million Rebirth At Nemacolin Resort'. Forbes. Retrieved 26 November 2018.