ST. LOUIS, June 9 /PRNewswire-FirstCall/ -- Isle of Capri
Casinos, Inc. (Nasdaq: ISLE) today announced the completion of the
previously announced acquisition of Rainbow Casino in Vicksburg, Miss. from Bally Technologies, Inc.
(NYSE: BYI).
Under the terms of the agreement, Isle of Capri Casinos paid
Bally Technologies $80 million in an
all-cash transaction.
"This transaction expands our presence in Mississippi and returns Isle to the
Vicksburg market," said
James B. Perry, chairman and chief
executive officer of Isle of Capri Casinos, Inc. "At some point in
the future, we will re-brand the property as a Lady Luck Casino,
returning the Lady Luck brand to the state as well. We welcome both
Rainbow employees and guests and look forward to continued
success."
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 15 casino properties. The
Company owns and operates casinos domestically in Biloxi, Lula,
Natchez and Vicksburg, Mississippi; Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and Waterloo, Iowa; Boonville, Caruthersville and Kansas City, Missouri; two casinos in
Black Hawk, Colorado; and a casino
and harness track in Pompano Beach,
Florida. More information is available at the Company's
website, www.islecorp.com.
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.
CONTACTS:
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Isle of Capri
Casinos, Inc.,
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Dale Black, Chief
Financial Officer-314.813.9327
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Jill Haynes, Senior
Director of Corporate Communication-314.813.9368
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www.islecorp.com
SOURCE Isle of Capri Casinos, Inc.