BRIEF: Isle of Capri is in talks over possible sale, Reuters reports

St. Louis Post-Dispatch (MO) |

June 30--Isle of Capri Casinos Inc., based in Creve Coeur, was reported today to be in talks to sell itself to Gaming and Leisure Properties Inc., an owner of casino real estate properties.

The report by financial new service Reuters cited unidentified sources said to be familiar with the matter. According to the report, a potential deal remained weeks away and could still unravel.

Gaming and Leisure Properties, based in Wyomissing, Penn., is a real estate investment trust created last year as a spinoff of Penn National Gaming's real estate assets.



In the St. Louis area, Penn operates the Argosy Alton casino and the Hollywood casino in Maryland Heights.

An Isle of Capri spokeswoman declined to comment on the Reuters report.

Isle of Capri is a regional gaming company with 16 casino properties in seven states. Its Missouri casinos are in Boonville, Cape Girardeau, Caruthersville and Kansas City.

Tim Bryant covers commercial real estate, development and other business stories for the Post-Dispatch. He blogs at Building Blocks, the Post-Dispatch development blog.

___

(c)2014 St. Louis Post-Dispatch

Visit the St. Louis Post-Dispatch at www.stltoday.com

Distributed by MCT Information Services

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
RYAV Royal Alliance Vntrs Corp n/a n/a n/a 0

Comments

Emerging Growth

GSV Capital Corp

GSV Capital Corp is an externally managed, non-diversified closed-end management investment company. The Company has elected to be treated as a business development company.

Private Markets

Knightscope

Autonomous security robots providing advanced detection capabilities at $7 per hour - aiming to define the future of security. Help #StopTheViolence.

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…