Isle of Capri Casinos, Inc. Announces Development Plans for Pompano Racino
May 08 2006 - 3:00PM
PR Newswire (US)
BILOXI, Miss., May 8 /PRNewswire-FirstCall/ -- Isle of Capri
Casinos, Inc. (NASDAQ:ISLE) announced today development plans for
the Isle of Capri Racino at Pompano Park Harness Track in Florida.
The $140 million development project includes 1500 slot machines, a
poker room and four restaurants, including the company-branded
Farraddays' steakhouse, signature tropical-themed buffet, a
full-service New York-style delicatessen and one other restaurant
yet to be named. The heart of the racino will include a multi-story
feature bar offering vibrant high action imagery and audio on
multiple video displays. The project also includes new horse racing
amenities including a high-tech sports bar and wagering area over-
looking the track complete with grandstand seating and a new
Winner's Circle. Construction has begun and is not expected to
interrupt the racing season. The company expects to open the racino
within the next 7-9 months. "Isle of Capri is pleased to be moving
forward with our plans to transform Pompano Park from a great
racetrack into a modern, state-of-the-art racino providing
entertainment options for the residents of southeast Florida and
much needed revenue for education in Florida," Tim Hinkley,
president and chief operating officer, said. Development of this
project is subject to certain conditions including, but not limited
to, the receipt of all necessary licenses, approvals and permits.
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 http://www.islecorp.com/ 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/ .
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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