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The Lady Luck Biloxi, losing money and lacking space to expand, [60] was sold the following year to Grand Casinos, owner of the neighboring Grand Casino Biloxi, for $15 million and closed. [61] The Lady Luck Central City, also losing money, was sold in 1998 as well, to its mortgage holder, J.D. Carelli, for $2.75 million in forgiven debt. [62]
On April 21, 1995, the Lady Luck Bettendorf began operating after being granted an excursion gaming license earlier that year. [1] It was not the first, nor the only riverboat casino at the time in the Quad Cities; Diamond Lady began operating April 1, 1991 in Bettendorf, while President sailed from Davenport, Iowa and Jumer's Casino was working out of Rock Island, Illinois.
In 2000, Isle of Capri spent $400 million in a multi-part deal to acquire the Lady Luck chain of casinos. Lady Luck Gaming, which owned two adjacent Lady Luck casinos in Lula, Mississippi, one in Natchez, Mississippi, the Miss Marquette casino in Marquette, Iowa, and a half interest in the Lady Luck casino in Bettendorf, Iowa, was bought for ...
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