Isle Of Capri Casinos Names Virginia McDowell President and Chief Operating Officer
July 17 2007 - 7:27AM
PR Newswire (US)
JAMES B. PERRY ELECTED TO BOARD OF DIRECTORS ST. LOUIS, July 17
/PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. (NASDAQ:ISLE)
announced today that Virginia McDowell has been named the Company's
President and Chief Operating Officer, and that James B. Perry has
been elected as a member of the Company's Board of Directors. Mr.
Perry's appointment to the Board is effective immediately, while
Ms. McDowell is expected to assume her new position on July 30,
2007. Both appointments are subject to regulatory approval. Ms.
McDowell's 26-year career in gaming has spanned a wide range of
disciplines and areas of expertise, including marketing,
operations, and technology. "With significant experience in both
regional and destination markets, and her vast experience in
virtually every aspect of our business, Virginia McDowell is
exactly the right person to help lead our company as we focus on
increasing the efficiency of our operations while continuing to
stress financial discipline and targeted growth opportunities,"
said Bernard Goldstein, chairman and chief executive officer. Mr.
Goldstein continued, "Our Board of Directors unanimously chose
Virginia for the position of President and Chief Operating Officer
because she knows our business, knows our customers and knows our
markets. Throughout her career she has consistently exhibited the
leadership and vision needed to continue the growth and development
of our Company." Most recently, Ms. McDowell served as Executive
Vice President and Chief Information Officer of Trump Entertainment
Resorts, Inc. Prior to joining Trump Entertainment Resorts, Ms.
McDowell spent eight years at Argosy Gaming Company in Alton,
Illinois, joining the company as Vice President of Sales and
Marketing, and ultimately holding the position of Senior Vice
President of Operations. She began her gaming career in Atlantic
City, holding a variety of executive positions over a 16-year time
period. "Isle of Capri has a strong base of existing properties, a
sizeable database and a variety of exciting new projects that
contribute to a growing brand portfolio. I am very optimistic that
by building on the Company's unique "Isle Style" culture, focusing
on our operating fundamentals, continuing to develop and implement
new technology initiatives and creating exciting new entertainment
experiences for our customers, we can improve the Company's
performance and strengthen the Isle of Capri Casinos' brands. I
look forward to joining a very talented team" Ms. McDowell said.
Mr. Perry, one of the gaming industry's most distinguished
executives, is recognized for engineering the turnaround of Argosy
Gaming Company beginning in 1997. During Mr. Perry's tenure at
Argosy, the company was considered an industry leader in EBITDA
margins, and was recognized by several leading financial
publications for financial stability, record growth and creation of
shareholder value. With nearly 30 years of experience leading major
gaming operations and companies in regional and destination
markets, Mr. Perry most recently served as the President, Chief
Executive Officer and a member of the Board of Directors of Trump
Entertainment Resorts, Inc. where he oversaw the renovation and
expansion of the company's three Atlantic City properties. Mr.
Perry resigned from these positions effective July 1, 2007. Mr.
Goldstein commented, "We are pleased to welcome these two respected
and talented executives to the Isle of Capri Casinos team at this
exciting time in our history, when we have recently brought several
major projects online, and we look forward to the significant
contributions that they will make to a Company already recognized
as a leading developer, owner and operator of regional branded
gaming facilities." Ms. McDowell resides in St. Louis, Missouri
with her husband and two children. She is active in community and
charitable endeavors, currently serving as the Founding Board Chair
and President of Gilda's Club St. Louis, and serves as a member of
the Presidents Advisory Board of Temple University in Philadelphia,
Pennsylvania, where she earned her undergraduate degree in
communications. Mr. Perry resides in Santa Barbara, California with
his wife and three children. Isle of Capri Casinos, Inc., founded
in 1992, is dedicated to providing its customers with an
exceptional gaming and entertainment experience at each of its 18
casino properties. The Company owns and operates casinos in Biloxi,
Lula and Natchez, Mississippi; Lake Charles, Louisiana; Bettendorf,
Davenport, Marquette and Waterloo, Iowa; Boonville, Caruthersville
and Kansas City, Missouri and a casino and harness track in Pompano
Beach, Florida. The Company also operates and has a 57 percent
ownership interest in two casinos in Black Hawk, Colorado. Isle of
Capri Casinos' international gaming interests include a casino that
it operates in Freeport, Grand Bahama, a casino in Coventry,
England, and a two-thirds ownership interest in casinos in Dudley
and Wolverhampton, England. There are four Isle of Capri Casinos
brands including "the isle," Isle of Capri, Colorado Central
Station and Rhythm City, providing over 16,000 slot machines, 550
table games and 3000 hotel rooms for our guests' enjoyment.
Statements in this press release regarding Isle of Capri Casinos'
business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of such risks and uncertainties, which could cause actual results
to differ from those contained in the forward-looking statements,
see "Risk Factors" in the Company's Annual Report or Form 10-K for
the most recently ended fiscal year. 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, Senior Director of Corporate
Communication - 314.813.9368 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/ . 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, Senior Director of Corporate
Communication, +1-314-813-9368, all of Isle of Capri Casinos, Inc.
Web site: http://www.islecorp.com/
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