Isle of Capri Casinos Debuts New Biloxi Tower
JUNE 27, 2005 — Biloxi, Miss. — Isle of Capri Casinos will celebrate this week the grand opening of its new hotel tower in this Mississippi Gulf Coast destination. The development is just the latest in an ongoing series of new hospitality infrastructure on the Mississippi Gulf Coast making it increasingly group friendly.
Tim Hinkley, the corporation’s president and chief operating officer, noted the Gulf Coast market will grow because of its beach location, good reputation and public sector investments. He also cited the recent approval to expand the Coliseum as a boon to the area.
Next up for the hotel is to replace its existing gambling barge with a casino double in size. The hotel expansion and the new casino are, collectively, a $170 million investment.
The Isle will celebrate the hotel’s opening on Wednesday, June 29, with a ribbon-cutting ceremony and property tours for VIP guests. The company has invested almost $300 million in Biloxi since it opened the South’s first legal casino on Point Cadet in 1992.
Despite Isles of Capri’s recent developments, competition is heating up with two new casinos under construction and more proposed. Also, in Lake Charles, La., Pinnacle Entertainment recently opened the $365 million L’Auberge du Lac Hotel & Casino.
Isle of Capri operates 15 casinos in 13 locations. In addition to its Biloxi property, the company owns and operates riverboat and dockside casinos in Vicksburg, Lula and Natchez, Miss.; Bossier City and Lake Charles (two riverboats), La.; Bettendorf, Davenport and Marquette, Iowa; and Kansas City and Boonville, Mo.
Source: Press Release