FAYETTE COUNTY, Pa., Aug. 21, 2012 /PRNewswire/ -- Isle of Capri Casinos, Inc. (NASDAQ: ISLE) and Nemacolin Woodlands Resort announced today that the Supreme Court of Pennsylvania affirmed the Pennsylvania Gaming Control Board's selection of the proposed casino project at Nemacolin Woodlands Resort in Fayette County, Pennsylvania, for a Category 3 resort gaming license.
"We are pleased that the Supreme Court affirmed the Pennsylvania Gaming Control Board's decision to select Lady Luck Nemacolin for a Category 3 resort license. We designed a project that will exceed the goals of the Pennsylvania Gaming Act by boosting tourism, creating jobs and boosting state revenues while adding an exciting new amenity to this premier resort," said Virginia McDowell, Isle's Chief Executive Officer. "Much work has been done already, and much work continues including obtaining remaining necessary approvals from the Pennsylvania Gaming Control Board. We anticipate beginning construction as soon as all of the approvals are in place and expect to open Lady Luck Nemacolin 9-12 months after construction begins."
Maggie Hardy Magerko, president and owner of Nemacolin Woodlands Resort, commented, "The addition of Lady Luck Casino will give our guests an important new amenity that, we believe, will allow us to attract new guests to Pennsylvania from all over the country and world. We are pleased with this decision and look forward to working closely with our partners as we create an outstanding amenity at Nemacolin Woodlands Resort."
The casino, Lady Luck Nemacolin, is planned to be fully integrated into the guest experience at Nemacolin Woodlands Resort, and is expected to include 600 slot machines, 28 table games, and a casual dining restaurant and lounge.Located in Fayette County, Pennsylvania, Nemacolin Woodlands is one of North America's premier resort destinations, earning a Forbes Travel Guide Four-Star rating and a AAA Four Diamond Rating. Nemacolin Woodlands has also been honored as one of Travel + Leisure magazine's 500 Best Hotels in the World. Situated on nearly 2,000 acres, the resort features 318 luxurious guestrooms, suites, townhouses, and private luxury homes, including the Forbes Travel Five-Star and AAA Five Diamond Falling Rock boutique hotel and clubhouse. In addition to the internationally acclaimed Woodlands Spa, the resort features the AAA Five Diamond and Forbes Travel Guide Five Star Lautrec Restaurant and offers 36 holes of golf on two championship courses. For more information about the project, visit www.winatnemacolin.com. About Isle of Capri Casinos, Inc. Isle of Capri Casinos, Inc., founded in 1992, is dedicated to providing its customers with an exceptional gaming and entertainment experience at each of its 15 casino properties. The Company owns and operates casinos domestically in Biloxi, Lula, Natchez and Vicksburg, Mississippi; Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and Waterloo, Iowa; Boonville, Caruthersville and Kansas City, Missouri; two casinos in Black Hawk, Colorado; and a casino and harness track in Pompano Beach, Florida. The company also has a casino under construction in Cape Girardeau, Missouri which is planned to open in late 2012. More information is available at the Company's website, www.islecorp.com. Forward-Looking Statement This press release may be deemed to contain forward-looking statements, which are subject to change. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, licensing, and other regulatory approvals, financing sources, development and construction activities, costs and delays, weather, permits, competition and business conditions in the gaming industry. The forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements herein.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV