Isle of Capri could manage four Vegas casinos
January 07, 2010
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Isle of Capri Casinos, which owns Pompano Park, earlier this week reached an agreement to operate the bankrupt Greektown Casino in Detroit, and on Wednesday the company announced it could soon also manage four Station Casinos-owned properties in Las Vegas--Red Rock Resort, Palace Station, Boulder Station and Sunset Station--if the U.S. Bankruptcy Court denies Station Casinos' restructuring plans.
Pompano Park is one of 14 casinos owned in the United States by Isle of Capri, which also owns casinos in the United Kingdom and Bahamas. Under its agreement to manage the Greektown Casino in downtown Detroit, Isle of Capri will receive a management fee of $200,000 a month for six months and $250,000 a month thereafter. Reports did not state the fee Isle of Capri would receive for managing the Station Casinos.