Flooding

9 Months Ended

Jan. 22, 2012

Flooding

Flooding

4.  Flooding

Flooding along the Mississippi River caused five of our properties to close for portions of the nine months ended January 22, 2012.  A summary of the closure dates and subsequent reopening is as follows:

	Closing Date	Reopening Date	Number Days Closed
Caruthersville, Missouri	April 15, 2011	May 1, 2011	15	(A)
Davenport, Iowa	May 1, 2011	May 13, 2011	12
Caruthersville, Missouri	May 3, 2011	June 3, 2011	31
Lula, Mississippi		September 2, 2011	91	(B)
Natchez, Mississippi	May 7, 2011	June 17, 2011	41
Vicksburg, Mississippi	May 11, 2011	May 27, 2011	16

(A)  Six days of closure in the first quarter of fiscal 2012 and nine days of closure in the fourth quarter of fiscal 2011.

(B)  The second casino barge reopened on September 2, 2011 after flood damage was remediated.

Operations were impacted beyond the number of days closed as business levels fluctuated before actual closure and for extended periods of time after reopening. We maintain insurance coverage, subject to various deductibles, for both property damage and business interruption. We have a receivable of $2,711 at January 22, 2012 representing the unreimbursed portion of allowable direct reimbursable costs and property damage net of the insurance policy deductibles.  During the three and nine months ended January 22, 2012, we recognized $872 and $983, respectively, of revenue, included in insurance recoveries in the consolidated statement of operations, as partial settlement of our business interruption claims related to our Caruthersville, Davenport, Natchez and Vicksburg properties.  Any additional business interruption claims will be recognized in the periods settled.