Decoding the Ownership of Treasure Island Casino in Minnesota

The Treasure Island Casino, a prominent gambling establishment located in Minnesota, has always been a subject of intrigue and curiosity. Its rich history, captivating ambiance, and numerous gaming options have made it a favorite among locals and tourists alike. But who owns this iconic casino? Let's delve into the mystery and uncover the truth behind the ownership of Treasure Island Casino in Minnesota.

1. The Evolution of Treasure Island Casino

Established in 1991, Treasure Island Casino has come a long way since its inception. Initially, the casino was owned by the Mille Lacs Band of Ojibwe, an American Indian tribe that has been a significant force in the gaming industry. Over the years, the casino has undergone several expansions and renovations, making it one of the most popular gambling destinations in the region.

2. Ownership Changes

In 2009, the Mille Lacs Band of Ojibwe sold a majority stake in Treasure Island Casino to the Isle of Capri Casinos, Inc., a publicly traded company based in Louisiana. This acquisition marked a significant shift in the casino's ownership and management.

3. Isle of Capri Casinos, Inc.

Isle of Capri Casinos, Inc. is a well-known company in the gaming industry, operating numerous casinos across the United States. The company has a reputation for excellence in customer service, gaming options, and entertainment. With the acquisition of Treasure Island Casino, Isle of Capri Casinos, Inc. aimed to expand its presence in the Minnesota market and capitalize on the growing demand for gaming and entertainment.

4. The Impact of Ownership on Treasure Island Casino

The change in ownership has had a profound impact on Treasure Island Casino. Under Isle of Capri Casinos, Inc.'s management, the casino has seen significant improvements in its facilities, gaming options, and entertainment offerings. The following are some of the key developments:

a. Expansion: The casino has undergone several expansions, including the addition of new gaming tables, slot machines, and dining options. This has helped to enhance the overall gaming experience for patrons.

b. Entertainment: Treasure Island Casino has become a hub for entertainment, hosting various events, concerts, and performances throughout the year. This has attracted a diverse range of visitors to the casino.

c. Community Engagement: The casino has actively engaged with the local community, supporting various charitable initiatives and events. This has helped to foster a positive relationship between the casino and its patrons.

5. The Future of Treasure Island Casino

With a strong ownership and management team, Treasure Island Casino is well-positioned for future growth and success. The casino is expected to continue expanding its gaming options, entertainment offerings, and community engagement efforts. As the gaming industry evolves, Treasure Island Casino will likely adapt to meet the changing needs and preferences of its patrons.

Frequently Asked Questions:

1. What is the history of Treasure Island Casino?

Treasure Island Casino was established in 1991 by the Mille Lacs Band of Ojibwe. The casino has undergone several expansions and renovations over the years, making it one of the most popular gambling destinations in Minnesota.

2. Who owns Treasure Island Casino?

Treasure Island Casino is currently owned by Isle of Capri Casinos, Inc., a publicly traded company based in Louisiana.

3. How has the change in ownership impacted Treasure Island Casino?

The change in ownership has led to significant improvements in the casino's facilities, gaming options, and entertainment offerings. The casino has also become more engaged with the local community, supporting various charitable initiatives and events.

4. What kind of gaming options are available at Treasure Island Casino?

Treasure Island Casino offers a wide range of gaming options, including slot machines, poker tables, blackjack tables, and bingo. The casino also hosts various tournaments and special events throughout the year.

5. How does Treasure Island Casino contribute to the local community?

Treasure Island Casino actively engages with the local community by supporting various charitable initiatives and events. The casino also employs local residents, providing economic benefits to the region.