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BRIEF-Isle of Capri Casinos enters into agreement to sell Isle of Capri Casino Hotel Lake Charles
August 22, 2016 / 2:26 PM / a year ago

BRIEF-Isle of Capri Casinos enters into agreement to sell Isle of Capri Casino Hotel Lake Charles

Aug 22 (Reuters) - Isle Of Capri Casinos Inc :

* Isle of Capri Casinos, Inc. Enters into agreement to sell Isle of Capri Casino Hotel Lake Charles to Laguna Development Corporation

* Deal for approximately $134.5 million

* Isle of Capri Casinos Inc says intend to use cash proceeds from transaction to reduce debt and for other corporate purposes

* Isle of Capri Casino Hotel Lake Charles will be accounted for as discontinued operations beginning in fiscal 2017 Q2

* Kicks Entertainment Llc newly formed entity owned by LDC and Eagle Holdings, Lllp will purchase isle of Capri Casino Hotel Lake Charles Source text for Eikon: Further company coverage:

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