Isle of Capri Shares Down on Suggestion

Shares of Isle of Capri Casinos Inc. slid 8.5 percent Monday after one analyst recommend investors sell the shares and others discussed uncertainty regarding the future of gaming in Florida.

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Mon, December 5th, 2005

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Casino gambling facts:

  • Casino gambling, including Indian gaming, is legal in 27 states and most of the casinos have been built in the last 5 years according to "America's Gambling Fever", U. S. News and World Report, 15 Jan 1996
  • Lotteries were brought to America in the 1800s by the thousands of Chinese immigrants who worked in the mines and on the railroads.
  • In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).
  • A nationwide survey by the U.S. Travel Industry Association found that 38% of all U.S. residents have been to Las Vegas in their lifetime. The average length of visitors' stay in Las Vegas was almost 4 days (3.7).