Isle of Capri Casinos, Inc., Provides Update of Hurricanes Rita and Katrina Damage
September 26 2005 - 12:03AM
PR Newswire (US)
BILOXI, Miss., Sept. 25 /PRNewswire-FirstCall/ -- Isle of Capri
Casinos, Inc. (NASDAQ:ISLE) officials announced today the following
update on the effects of Hurricanes Rita and Katrina: The company
has made a preliminary inspection of the Isle-Lake Charles. Both
casino vessels appear to have weathered the storm fairly well and
the company currently expects both to be fully operational when the
facility is reopened. Currently, it appears that the hotels and
pavilion area suffered only minimal damage. Isle of Capri has
business interruption and property insurance covering the company's
operations and assets. Lake Charles team members will continue to
work closely with state and local officials to determine exactly
when the Isle-Lake Charles will reopen. In Biloxi, power has been
restored to the Isle of Capri hotel that is currently being used to
house emergency workers. Several hundred team members have returned
to work at the hotel to provide housekeeping, security and limited
food service. The casino facility at this location will need to be
replaced. The Isle corporate offices located on Popps Ferry Road in
Biloxi reopened two weeks ago with all systems back on-line and
corporate team members have returned to work. "Having traveled to
Lake Charles and toured the property it appears that the Isle-Lake
Charles survived Hurricane Rita in relatively good condition. Our
focus continues to be our team members, in both the Biloxi and Lake
Charles area, as we try to confirm the safety of our team members
and their families. Working closely with state and local
authorities, we look forward to reopening the Isle-Lake Charles as
soon as we can safely do so," said president and chief operating
officer Tim Hinkley. The company is requesting that any Isle-Lake
Charles team members contact 1-800-843-4753 to let the company know
you and your family are safe. Contacts: Allan B. Solomon, Executive
Vice President-561.995.6660 Les McMackin, Senior Vice President of
Marketing-228.396.7054 Jill Haynes, Director of Corporate
Communication-228.396.7031 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 (2 riverboats),
Louisiana; Bettendorf, Davenport and Marquette, Iowa; and Kansas
City and Boonville, Missouri. The company also owns a 57 percent
interest in and operates 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, Walsall 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 the 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, weather,
permits, 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, Les McMackin, Senior Vice President of Marketing,
+1-228-396-7054, Jill Haynes, Director of Corporate Communication,
+1-228-396-7031, all of Isle of Capri Casinos, Inc. Web site:
http://www.islecorp.com/
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