Monday , 26 September 2016
Breaking News

Lake Charles Casino/Hotel Selling for $134.5 Million

LAKE CHARLES, La. — Isle of Capri Casinos, Inc.  has agreed to sell the Isle of Capri Casino Hotel Lake Charles to an affiliate of Laguna Development Corp, a Pueblo of Laguna-owned business based in Albuquerque, N.M. for $134.5 million.

The Lake Charles facility includes a 50,000-SF riverboat casino, 490 hotel rooms, 1,150 slot machines, 35 table games, 13 poker tables, a concert venue, 14,000-SF of meeting space and an RV park.

Isle of Capri Casinos, Inc. operates 14 casino properties under the Isle and Lady Luck brands in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri, and Pennsylvania.

The transaction is expected to close in late 2017 or early 2018.

August 24, 2016 Realty News Report Copyright 2016

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