Company Press Release: Isle of Capri Casinos, Inc.
June 1, 2000
BILOXI, MS -- Isle of Capri Casinos, Inc., (Nasdaq: ISLE), one of the ten largest publicly held gaming companies
in the nation, continued its expansion trend today. Officials with the company announced this morning that the
Missouri Gaming Commission unanimously approved the company's acquisition of the Flamingo Casino in Kansas City.
The approvals included findings of suitability and licensure of the company's Kansas City subsidiary. The gaming
commission action was the final contingency to the transaction, which is expected to be completed within the next
week.
Bernard Goldstein, chairman and chief executive officer, said, ``We are very excited about completing this transaction
and entering into the Kansas City market. This property, coupled with the Boonville, Mo. development -- which was
approved last month -- provides us with a significant presence in Missouri.''
Noted John M. Gallaway, president and chief operating officer, ``The Missouri Gaming Commission's second approval
for the Isle of Capri Casinos, Inc. allows the company to successfully expand further into the Midwest. This positive
growth is based on a solid and aggressive approach to produce a viable and competitive gaming and entertainment
company nationwide.''
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];
and 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.
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.