Isle of Capri has been very successful at running a large number of casinos around the world.  However, it seems the company has had a bad string of luck in two of their casinos, which can be directly blamed by this years hurricane season.  Their Mississippi Casino was obviously destroyed by the effects of Hurricane Katrina.  However, even Capri's Bahamas casino is beginning to go under, although it was not physically destroyed by any hurricane.  In this case, it seems that hurricanes who like to keep the Bahamas in their path have scared off tourists, which in turn, is affecting the casino.

The world famous Bahamas casino, Isle of Capri, is facing some hard times.  Although it does not look probable the Grand Bahamas will go without a casino of some kind, there is a chance that Isle of Capri could be no more if business does not pick up and the Bahamas economy continues to struggle.

Capri manager, Eddie Llambias made it known earlier in 2005 that unless the Bahamas government steps in to help the casino stay in business, it would be forced to shut down its operations in the Bahamas and go elsewhere, which is the last thing the Ministry of Tourism, Obie Wilchcombe, would want to happen.  With unemployment up and tourism at a low, the economy is dragging, and would be hit even harder is Isle of Capri Casino was to stop generating tax revenue.

However, this is precisely what Capri is saying will keep them from operating in the green.  Due to financial challenges of their own, Capri has asked the government to modify their taxation rates and help Capri with more marketing and advertising.  If not, the casino will only be doing the Bahamas government a favor.

Being that Grand Bahamas has come to depend on the taxes generated from Isle of Capri, Minister Wilchcombe reported that the casino is likely to receive some of its requests.  As to exactly what this means, and how much money was being considered, Wilchcombe did not further elaborate.  He did go on to say that several investors were prepared to help stabilize the casino if it continues to struggle.

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