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Las Vegas Lady Luck Loses Money in Quarter17 August 2001LAS VEGAS—August 17, 2001 –As reported by the Associated Press: “Flooding in the Midwest, a tropical storm in South, continued losses in Las Vegas and a slowing economy all contributed to a 45 percent dip in first-quarter earnings at Isle of Capri Casinos Inc. ”…As in the year-ago quarter, the Lady Luck hotel-casino in downtown Las Vegas was a detractor to Isle's earnings. The Lady Luck reported negative cash flow of $1.12 million for the quarter, in line with the loss reported a year ago. But revenues at the property were down 29 percent to $9.2 million. ”…Cash flow was down significantly at five Isle properties during the quarter -- Bossier City, Louisiana, Lake Charles, Louisiana, Lula, Mississippi, Davenport, Iowa, and Marquette, Iowa. Davenport and Marquette were forced to close temporarily after flooding earlier in the year, while the Lake Charles area was hurt by flooding from Tropical Storm Allison in June.
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