We do not believe operations on the remaining riverboat will be affected in any way.”Īnalysts said Paradise might run into some conflict from Pinnacle, Caesars Entertainment, and Boyd Gaming Corp., in moving the riverboat to Bossier City. “The sale would allow Isle to monetize an asset that, in our opinion, will not be missed.

“There hasn’t been overflow for quite some time,” Morgan Joseph gaming analyst Justin Sebastiano told investors. Isle of Capri has two riverboats, one is the main casino and the other is for overflow business. Pinnacle Entertainment operates the L’Auberge du Lac resort and Dan Lee’s Creative Casinos is moving forward with the $400 million Mojito Pointe. Terms of the deal were not announced and Paradise has until Nov. “We believe that the pending transaction for one of the two vessels located at our gaming operation in Lake Charles will provide a solid opportunity for our company,” Isle of Capri CEO Virginia McDowell said in a statement.

The agreement is contingent on Paradise Casino LLC getting both Louisiana regulatory approval and as well as gaining referendum approval from Bossier City residents that favors the move. Analysts applauded a decision earlier this week by Isle of Capri Casinos, which agreed to sell one of its two riverboat casinos in Lake Charles, La., to a private developer who would move the facility to Bossier City.

Mojito Pointe Casino in Lake Charles LA