ISLE OF CAPRI CASINO - TUNICA OPENS

Source: Isle of Capri Casinos, Inc.

July 28, 1999
BILOXI, Miss.-- Isle of Capri Casinos, Inc. (Nasdaq: ISLE) announced Monday that its Isle of Capri Casino in Tunica opened. The property features a full Isle of Capri Casino with approximately 1,000 gaming positions that includes many of the newest slot games available. This property also includes a Calypso's Buffet and the Company's signature restaurant, Farraddays'. The second phase of this property, which is part of the Company's previously announced Millennium Expansion Program, is expected to include a 220-room hotel and two Isle of Capri Wayne Newton Theaters, which has a planned opening in the Summer of 2000.

"This is the opening of our sixth Isle of Capri Casino in seven years. I believe that this steady, consistent growth shows the strength in our brand and the confidence that customers have in our product. It is this strength and confidence that has driven us to enter the Tunica market. I look forward to watching this property grow and adding additional attractions to the Tunica market with the planned opening of the hotel and theaters next year," stated Bernard Goldstein, Chairman of the Board and Chief Executive Officer.

John M. Gallaway, President and Chief Operating Officer, said, "We are excited about the opening of our Tunica property. It puts us in one of the top gaming markets in the country, which will allow us to show the Tunica market what 'Isle Style' is all about. We are also very pleased that we were able to open this property in a relatively short time period, with a nominal capital investment, again a testament that 'Isle Style' operations work.''

Isle of Capri Casinos, Inc. owns and operates seven riverboat, dockside and land-based casinos at six locations, including the Isle of Capri Casino, Crowne Plaza Resort in Biloxi, Mississippi; the Isle of Capri Casino & Hotel in Vicksburg, Mississippi; the Isle of Capri Casino & Hotel in Bossier City, Louisiana; two riverboats operating as the Isle of Capri Casino & Hotel in Lake Charles, Louisiana, (through a 57% owned subsidiary) the Isle of Capri Casino in Black Hawk, Colorado, and the Isle of Capri Casino, Tunica, Mississippi. The Company also operates Pompano Park Harness Racing Track in Pompano Beach, Florida and through a joint venture, the Enchanted Capri cruise ship, that features an Isle of Capri Casino, sailing from New Orleans, Louisiana.

In May Biloxi's Architectural Review Commission approved the basic concept of an expansion by the Isle of Capri, Crown Plaza Resort to triple the size of its gambling barge and to build a 23-story timeshare hotel and parking garage. The timeshare hotel will have five stories devoted to parking and retail. The other 18 floors will be for the 414 timeshare units. Details of the proposed timeshare units are currently unavailable.

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.

Isle of Capri Casinos, Inc. home page is http://www.theislecorp.com .