It appears Mississippi has lost the corporate headquarters of riverboat casino operator Isle of Capri Casinos.
Isle of Capri President and CEO Tim Hinkley says Saint Louis will probably be the new home of the Isle's corporate headquarters. He stressed no agreements have been signed, but he says a move from
the Gulf Coast is needed to reduce disruption during hurricanes. Hinkley also says moving from Biloxi to Saint Louis will centrally locate offices and attract new employees. On August 29th, Hurricane Katrina forced the corporate offices to close for about two weeks and temporarily move to Bossier City, Louisiana.
The company considered Jackson and Memphis, but Hinkley says Saint Louis won out because of its location and quality of life. About 130 employees work at the corporate office.
Isle of Capri is one of the ten largest publicly traded casino companies. It has operations in five states and annual revenue of one-point-one (b) billion dollars. Isle of Capri is among the 18 publicly traded companies with headquarters in the state.
The Isle operates 15 casinos in 13 locations.