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Isle of Capri Casinos, Inc. Message Board

  • ic7foru7tou7 ic7foru7tou7 Mar 23, 2013 9:01 PM Flag

    10Q scares me They are at risk of filing Bankruptcy why is Isle of Capri Failing

    can someone give me the rundown on this company
    why are they failing, why are they running second rate operations
    who is pocketing all the money??

    We may not be able to generate a sufficient amount of cash flow to meet our debt service obligations.

    Our ability to make scheduled payments or to refinance our obligations with respect to the notes and our other indebtedness will depend on our financial and operating performance, which, in turn is subject to prevailing economic and industry conditions and other factors, including the availability of financing in banking and capital markets, which have experienced significant disruptions in recent periods, beyond our control. If our cash flow and capital resources are insufficient to fund our debt service obligations and other commitments, we could face substantial liquidity problems and may be forced to reduce or delay scheduled expansions and capital expenditures, sell material assets or operations, obtain additional capital, or restructure or refinance our indebtedness. We may be unable to effect any of these actions on a timely basis, on commercially reasonable terms or at all, or these actions may be insufficient to meet our capital requirements. In addition, any refinancing of our indebtedness could be at higher interest rates and may require us to comply with more onerous covenants, which could further restrict our operations. If we cannot make scheduled payments on our indebtedness, we will be in default and, as a result, our debt holders could declare all outstanding principal and interest to be due and payable, and we could be forced into bankruptcy or liquidation.

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