Isle of Capri blamed the closure of its Our Lucaya casino for half of its fiscal 2005 third quarter as the primary factor behind its $1.288 million operating loss adjusted for depreciation, despite net revenues more than doubling to $4.608 million.
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\nHowever, the more than 100 per cent increase in net revenues before the year-before period’s $2.04 million is in itself slightly misleading, because the Our Lucaya casino only opened in mid-December 2004 – half-way through the third quarter.
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\nIn announcing its results for the three months to January 25, 2005, Isle of Capri said in a statement: “Adjusted operating income fell because the casino incurred a full quarter of expenses, despite being closed for approximately half of the quarter.”
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Source: Neil Hartnell, The Tribune<\/B><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
Isle of Capri said in a statement: ‘Adjusted operating income fell because the casino incurred a full quarter of expenses, despite being closed for approximately half of the quarter.’<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[],"class_list":["post-246570","post","type-post","status-publish","format-standard","hentry","category-headlines"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/246570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=246570"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/246570\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=246570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=246570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=246570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}