Isle of Capri Casinos, Inc. Completes Sale of Vicksburg, Miss. and Bossier City, La. Properties
July 31 2006 - 5:47PM
PR Newswire (US)
BILOXI, Miss., July 31 /PRNewswire-FirstCall/ -- Isle of Capri
Casinos, Inc. (NASDAQ:ISLE) announced today that it has completed
the previously announced sale of its Vicksburg, Miss. and Bossier
City, La. properties to Legends Gaming, LLC for $240 million cash
subject to closing adjustments. Isle of Capri Casinos, Inc., a
leading developer and owner of gaming and entertainment facilities,
operates 13 casinos in 11 locations. The company owns and operates
riverboat and dockside casinos in Biloxi, Lula and Natchez,
Mississippi; 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 -
314.813.9319 Jill Haynes, Director of Corporate Communication -
314.813.9368 Legends Gaming, LLC Michael E. Kelly, President and
Chief Executive Officer - 702.287.4312 G. Dan Marshall, Chief
Operating Officer and Chief Financial Officer - 815.469.1564 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,
+1-314-813-9319, or Jill Haynes, Director of Corporate
Communication, +1-314-813-9368, all of Isle of Capri Casinos; or
Michael E. Kelly, President and Chief Executive Officer,
+1-702-287-4312, or G. Dan Marshall, Chief Operating Officer and
Chief Financial Officer, +1-815-469-1564, both of Legends Gaming,
LLC Web site: http://www.theislecorp.com/
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