Isle of Capri plans to break ground Thursday on its Cape Girardeau, Mo., location. The $125 million project will have 1,000 slot machines, 28 table games and three restaurants.

Isle won preferred developer status for the 13th and final Missouri gaming license last December after a study by Missouri regulators concluded the Cape Girardeau project, which is master planned for 23 acres, would create the most jobs and generate the most tax revenue. The company beat out two competing bids, one by the Koman family and Tropicana Entertainment for a St. Louis facility, the other by Paragon Gaming, which would have built outside Kansas City. The license was made available last summer when Pinnacle Entertainment closed the failing President Casino in St, Louis.

Isle is expected to be awarded the license when the project opens on late 2012. The groundbreaking celebration will be held Thursday at 2 p.m. at Main and Mill Sts.