The organization announced the revised rating for Isle of Capri Casinos (ISLE) from Positive to Neutral on October 10. The company owns, operates and develops gaming, lodging and entertainment facilities regionally in the US and international markets.

“Given rapidly deteriorating fundamentals in U.S. regional gaming markets, we have adjusted both our estimates and target multiples for ISLE. In light of this revision, the upside potential in ISLE’s shares no longer meets our criteria for a Positive rating,” was the statement issued by a Susquehanna analyst.