Last week, Isle of Capri (IOC) notified the City of Davenport that it was putting its 11-story casino hotel, to be located on the downtown riverfront, on hold while it studies alternatives to the current riverboat-casino model.
The screeching citizens are hearing is IOC's brakes slamming as it hits the predicted financial wall. During September and October, both properties (Isle of Capri in Bettendorf and Rhythm City Casino in Davenport) lost 12 percent of their combined revenues to the newly opened Riverside Casino & Golf Resort in Riverside, Iowa.
IOC is finally getting serious competition not only from Riverside, but also Jumer's Casino Rock Island, which is currently constructing a facility on Interstate 280 on the outskirts of Rock Island.







