Isle of Capri Casinos F3Q08 (Quarter End 01/31/08) Earnings Call Transcript

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2008-03-05 19:03:09.0

Tags: Isle of Capri Casinos Inc.

Question-and-Answer Session

Operator

(Operator Instructions) We do have a question from the line of Larry Gladskin with Jeffries. Please go ahead.

Larry Gladskin – Jeffries & Company

Hey, Jim, I had to be first given you’re back. It’s good to have you back and Bernie it’s been a pleasure having you lead this company and you’ll be missed but I’m sure you’re not going anywhere. Couple quick questions, the smoking ban in Colorado how has that been feeling since the beginning of the year?

Robert F. Griffin

It’s a little hard to judge right now. If you looked at the weather patterns that we’ve had, if you look at January versus January of last year, we actually had better weather in Colorado this year and February we’ve had worse weather. So it’s really too early to tell. We believe it is having some impact in February but it’s just really too early to tell at this point.

Larry Gladskin – Jeffries & Company

There are proposed I think out there for bet limits and changed operating rules, any chance any of that happens?

Robert F. Griffin

Yes, there are proposals that many companies are talking about right now. We have some polling data that the association is working on. We’re going to be taking a look at that this week as a group and we’ll see what it tells us and clearly we’d like to see if we can bet limits and hours changed.

Larry Gladskin – Jeffries & Company

That would be a positive. As far as the progressive slots in Florida, Allan, are those going yet or was $300 a slot you achieved a week ago without the progressives?

Allan B. Solomon

That’s without the progressives, we’re still working on implementing that but at this time we don’t have that in operation.

Larry Gladskin – Jeffries & Company

Any feel for timing on that?

Allan B. Solomon

Bob, do you have a better feel as to that?

Robert F. Griffin

I do, Allan. We actually have stand alone progressives right now, Larry, but the linked progressives we’re still probably another 60 days away from.

Larry Gladskin – Jeffries & Company

That’s a nice upside. The bridge in Biloxi, it opened on time in November and when do we see the full bridge going?

Robert W. Griffin

We expect to see the full bridge going sometime towards the end of April, beginning of May.

 

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