Isle of Capri Casinos, Inc. Revises Third Quarter Earnings Estimate
January 23 2006 - 12:21PM
PR Newswire (US)
BILOXI, Miss., Jan. 23 /PRNewswire-FirstCall/ -- Isle of Capri
Casino, Inc. (NASDAQ:ISLE) on Monday announced that it expects
fiscal third quarter 2006 earnings for the Company to exceed the
high end of its November 18, 2005 guidance of a $.01 per share
loss. The company expects to report third quarter net income of
between $.09 and $.13 per share. The better than expected operating
results are primarily due to the reopening of the Company's casino
in Biloxi, Miss., far exceeding initial expectations, as well as
continued positive trends at the Company's southern region
properties. Further details will be released when the Company
announces its fiscal third quarter 2006 earnings tentatively
scheduled for February 16, 2006. 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. 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, 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 Company with
the Securities and Exchange Commission, including, but not limited
to, its Form 10-K for the most recently ended fiscal year.
CONTACTS: Isle of Capri Casinos, Inc. Allan B. Solomon, Executive
Vice President - 561.995.6660 Donn Mitchell, Chief Financial
Officer - 228.396.7052 Jill Haynes, Director of Corporate
Communication - 228.396.7031 NOTE: Other Isle of Capri Casinos,
Inc. press releases and a corporate profile are available at
http://www.prnewswire.com/ . Isle of Capri Casinos, Inc.'s home
page is http://www.islecorp.com/ . First Call Analyst: FCMN
Contact: Jill_Haynes@islecorp.com
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 Donn Mitchell, Chief Financial Officer,
+1-228-396-7052, or Jill Haynes, Director of Corporate
Communication, +1-228-396-7031, all of Isle of Capri Casinos Web
site: http://www.theislecorp.com/
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