The Chip Board
Custom Search
   


The Chip Board Archive 02

Re: How about Isle of Capri?

To compare the above topic on Boyd purchasing Blue Chip casino how about buying the Isle of Capri chain? There are about 24,000,000 outstanding shares currently priced at under $7 per share for a total value of $164,000,000 which is less than Boyd is paying for one casino. I have not been able to find out how much long term debt they have. The Isle of Capri runs 6 casinos and will open another soon. I personally have never been impressed with their properties but with the right management this has to be a gold mine. Keep in mind that Bellagio and Venetian each cost over $1.5 billion to build. I think Circus paid more than that for the Hacienda and then blew it up.<G> Anyone feel like making a run at owning some casinos?

Messages In This Thread

Boyd Gaming to purchase Blue Chip Casino
Re: Boyd Gaming to purchase Blue Chip Casino
Re: Boyd Gaming to purchase Blue Chip Casino
Businesses that pay for themselves in 2 years
Re: How about Isle of Capri?
Re: How about Isle of Capri?
Re: How about Isle of Capri?

Copyright 2022 David Spragg