Isle of Capri Casinos, Inc. Provides Update of Hurricane Damage
August 31 2005 - 2:51PM
PR Newswire (US)
BILOXI, Miss., Aug. 31 /PRNewswire-FirstCall/ -- Isle of Capri
Casinos, Inc. (NASDAQ:ISLE) officials announced today the following
update on the effects of Hurricane Katrina: The company has not
been able to estimate the extent of damage to the Isle-Biloxi or to
the new casino barge under construction there. However, it appears
that these properties have suffered extensive damage. Isle of Capri
has business interruption and property insurance covering the
company's operations and assets. Isle of Capri is also in the
process of assessing damage to its corporate offices in Biloxi, and
is unable to determine at this time when those offices will
re-open. In the interim corporate operations are being conducted
from the Isle-Bossier City, La., as well as the company's corporate
office in Boca Raton, Fla. The Isle-Natchez and Isle-Vicksburg,
both in Mississippi, were also closed on Sunday, August 28, 2005 as
a result of the hurricane and suffered no significant damage. The
Isle-Natchez re-opened for business on August 30, and the
Isle-Vicksburg expects to open when power to that property is
restored. "It is too soon to tell all the effects on our Biloxi
properties. Our focus right now is making sure that all of our
employees and their families are safe. We have been a part of the
Mississippi Gulf Coast for over 13 years, so our thoughts remain
with all of our friends and family impacted by this storm," said
President and Chief Operating Officer Tim Hinkley. The company is
requesting that any Isle-Biloxi employee or Isle corporate employee
please contact 1-800-843-4753. Contacts: Allan B. Solomon,
Executive Vice President, 561.995.6660 Les McMackin, Senior Vice
President of Marketing, 318.510.7649 Isle of Capri Casinos, Inc., a
leading developer and owner of gaming and entertainment facilities,
operates 15 casinos in 13 locations. The company owns and operates
riverboat and dockside casinos in Biloxi, Vicksburg, Lula and
Natchez, Mississippi; Bossier City and Lake Charles (two
riverboats), Louisiana; Bettendorf, Davenport and Marquette, Iowa;
and Kansas City and Boonville, Missouri. The company also owns a 57
percent interest in and operates two land-based casinos in Black
Hawk (two casinos), Colorado. Isle of Capri's international gaming
interests include a casino that it operates in Freeport, Grand
Bahama, and a two-thirds ownership interest in casinos in Dudley,
Walsal and Wolverhampton, England. The company also owns and
operates Pompano Park Harness Racing Track in Pompano Beach,
Florida. Web site: http://www.islecorp.com/ This press release may
be deemed to contain forward-looking statements, which are subject
to change. This project is subject to contingencies including
receipt of all necessary licenses and permits. 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, weather, competition and business conditions in the gaming
industry. The forward-looking statements are subject to numerous
risks and uncertainties that could cause actual results to differ
materially from those expressed in or implied by the statements
herein. 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 Isle of Capri Casinos, Inc. with the Securities and Exchange
Commission. http://www.newscom.com/cgi-bin/prnh/20020502/ISLELOGO
http://photoarchive.ap.org/ DATASOURCE: Isle of Capri Casinos, Inc.
CONTACT: Allan B. Solomon, Executive Vice President,
+1-561-995-6660, or Les McMackin, Senior Vice President of
Marketing, +1-318-510-7649, both of Isle of Capri Casinos Web site:
http://www.islecorp.com/ Company News On-Call:
http://www.prnewswire.com/comp/683203.html
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