June 7, 2000
BILOXI, MS -- Isle of Capri Casinos, Inc., (Nasdaq: ISLE) announced yesterday that as of midnight, Monday, June
5, 2000, the company has completed the acquisition of the Kansas City Flamingo Hilton Riverboat Casino.
The Isle of Capri Casino-Kansas City will continue to operate under the Flamingo name pursuant to a license agreement
while the facility is converted to the Isle of Capri theme. The property will include, among other amenities, a
Farraddays' Restaurant, Calypso's Buffet and Tradewinds Marketplace. The facility transition to an Isle of Capri
property is expected to be completed by the end of the year.
Bernard Goldstein, chairman and chief executive officer, said, ``The closing officially brings Isle Style to Missouri
-- a market our company strongly believes to hold great potential for the gaming industry as well as the Isle.''
Added John M. Gallaway, president and chief operating officer, ``The process bringing us to this closing has been
a pleasurable business transaction, due in part to the efficient and professional practices of the Missouri Gaming
Commission and the Missouri Port Authority.''
Isle of Capri Casinos, Inc. owns and operates riverboat, dockside and land-based casinos at 10 locations, including
the Isle of Capri Casino Crowne Plaza Resort in Biloxi, MS; the Isle of Capri Casino & Hotel in Vicksburg,
MS.; the Isle of Capri Casino & Hotel in Bossier City, LA; two riverboats operating as the Isle of Capri Casino
& Hotel in Lake Charles, LA; the Isle of Capri Casino in Black Hawk, CO [through a 57 percent-owned subsidiary];
the Isle of Capri Casino in Tunica, MS, the Lady Luck Casino & Hotels in Lula, MS, Lady Luck Casino & Hotel
in Natchez, MS, Lady Luck Casino & Hotel in Bettendorf, IA and the Miss Marquette Casino & Hotel in Marquette,
IA. The company also operates Pompano Park Harness Racing Track in Pompano Beach, FL, and through a joint venture
the Enchanted Capri cruise ship, which features an Isle of Capri Casino, sailing from New Orleans, LA.
This press release may be deemed to contain forward-looking statements, which are subject to change. These forward-looking
statements may be significantly impacted, either positively or negatively by various factors including without
limitation, licensing and other regulatory approvals, financing sources, development and construction activities,
costs and delays, permits, competition and business conditions in the gaming industry. Additional information concerning
potential factors that could affect the company's financial condition, results of operations and expansion projects,
is included in the filings of the company with the Securities and Exchange Commission, including, but not limited
to, its annual report and its form 10-K for the fiscal year ended April 25, 1999.
Contacts: Allan B. Solomon, Executive Vice President - 561.995.6660
Rex Yeisley, Chief Financial Officer - 228.396.7052
NOTE: Other Isle of Capri Casinos, Inc. press releases and a corporate profile are available by fax at no charge.
For a menu of available Isle of Capri Casinos, Inc. press releases, call 800.758.5804, ext. 145913 or log on to
http://www.prnewswire.com. Isle of Capri Casinos, Inc.'s home page is http://www.theislecorp.com.
SOURCE: Isle of Capri Casinos, Inc.