COLUMBIA — Boonville Mayor Julie Thacher was alerted to the sale of the Isle of Capri Casinos to Eldorado Resorts Inc. during a phone call an hour after the deal was announced.
Thacher said she wasn't surprised to learn about the sale from an Isle of Capri representative in Boonville who offered assurances the change of ownership would have no effect on the casino’s presence in Boonville.
Thacher said the casino has had a significant impact in Boonville since it opened in December 2001, providing jobs and tourism.
The gaming tax has also helped finance fire and police stations, roads and park improvements, Thacher said.
Eldorado Resorts Inc. has no specific plans for making changes at Isle of Capri Casinos, saidJames Leahy, an Eldorado Resorts Inc. spokesman.
The sale was pending approval from stockholders and gaming regulators in Nevada and Missouri, according to the Associated Press.
Leahy said the transaction was expected to close in the second quarter of 2017, but it's business as usual for both companies.
Eldorado Resorts Inc., a Reno-based company, purchased Isle of Capri, with corporate headquarters in St. Louis and three other casinos in Missouri — Kansas City, Cape Girardeau and Caruthersville.
During the fiscal year from July 2015 through June 2016, Isle of Capri in Boonville made $81.56 million in adjusted gross revenue, said Jennifer Bruns, an audit manager for the Missouri Gaming Commission.