At Lady Luck, third-quarter net revenues increased US$ 2 million, or 32 percent, to US$ 8 million, year over year. It also reported that month-over-month casino revenues have increased every month since last July.Īnd while table game revenues dropped from January 2014 to January 2015, slots revenues were up nearly 39 percent year-over-year, from US$ 1.52 million (January 2014) to US$ 2.12 million (January 2015).

But the casino, while it is the smallest of the 12 now operating in Pennsylvania, seems to have found its footing in the last year. In the investors’ prospectus, Isle of Capri reports that Lady Luck generated gross gaming revenues of US$ 40.2 million for the 12-month period that ended Jan. If they aren’t, they have to buy a US$ 10 gift card, or an annual pass for US$ 45, in order to gamble at Nemacolin. While other Pennsylvania casinos, both the free-standing and the racetrack-connected variety, can be universally patronized, those wishing to gamble at a resort casino must be a resort customer or overnight guest. Within in two months, it had laid off about 70 employees, or 15 percent of its workforce, because “business been slower than expected.” Part of the reason for that is that the resort-style casino, one of two in the state (the other is Valley Forge Casino Resort near Philadelphia), is handcuffed by the access rules established by the state Legislature and the state Gaming Control Board. In a letter being distributed to those investors this week, Isle of Capri’s advisors note that the buyers would win the rights to the “operating assets, customer list and rights to manage and operate the Lady Luck Casino.” That lease includes a 10-year initial term, plus four built-in renewal terms, each five years long, for the 69,100 square-foot building in which the casino is situated. Isle of Capri, the operator and co-owner of Lady Luck, opened Lady Luck on July 1, 2013, under a 30-year-lease with Nemacolin. It has hired a California financial advisory group to reach out to potential investors. Louis, has begun soliciting would-be buyers for the small Fayette County “resort” casino, which has 589 slot machines and 29 table games. Less than two years after its opening, the Lady Luck Casino at Nemacolin Woodlands Resort is up for sale, and could soon be under new management.

The resort casino was initially plagued with financial difficulties as it is one of two statewide that require patrons to be overnight guests or resort customers, but business has improved in the past few months. (US).- Isle of Capri Casinos is looking for a buyer for the Lady Luck Casino, which opened in Pennsylvania in July 2013.

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