Rumors have been flying since Isle of Capri’s President and Chief Operating Officer Tim Hinkley “stepped down” last week. A few weeks prior, the Isle announced plans to halt on-going development in Davenport and hinted the Bettendorf project would be scaled down. Iowa Gaming Authorities have also expressed frustration at the lack of progress made in the Isle’s Waterloo project.
First, Quad Citians should know that Tim Hinkley never liked the Quad Cities. Old man Goldstein is the only reason the Isle continues to have a presence in this area. He saw the greed of the Iowa Legislature coming with lotto “slot machines” and talk of expanding gaming. Iowa was and still is a bad investment.
I am told the board pushed Hinkley out, and rumors have it the company is seeking merger with another entity. I am also told the Rock Island project continues to have problems, mainly from a financial feasibility standpoint.
Not sure if any Isle employees out there have heard anything else. I am interested in any comments..