ISLE Isleworth Healthcare Acquisition Corporation

BILOXI, Miss., May 24 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. (NASDAQ:ISLE) announced today that it intends to pursue the development of a casino resort in west Harrison County, Mississippi. The company has begun the preliminary approval process and has entered into a lease on a site located on the north side of the Bay of St. Louis, south of Interstate 10, which was previously approved by the Mississippi Gaming Commission in connection with another proposed development. "While the project is in the early planning stages, we are extremely excited about its potential. This casino resort would be a first-class development for the people of the Gulf Coast, and we look forward to continuing our efforts to provide a new entertainment venue for our customers," said Tim Hinkley, president and chief operating officer of Isle of Capri Casinos, Inc. The project remains in the preliminary planning stages, and is subject to certain significant 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 DATASOURCE: Isle of Capri Casinos, Inc. CONTACT: Allan B. Solomon, Executive Vice President, +1-561-995-6660, Donn Mitchell, Chief Financial Officer, +1-228-396-7052, Jill Haynes, Director of Corporate Communication, +1-228-396-7031, all of Isle of Capri Casinos, Inc. Web site: http://www.theislecorp.com/

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