ISLE Isleworth Healthcare Acquisition Corporation

Isle of Capri Casinos, Inc. Responds to St. Louis City and County RFPs with $434 Million Proposal BILOXI, Miss., Nov. 14 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. officials announced this afternoon that the company has responded to requests for proposals issued by St. Louis City and St. Louis County. The two proposals total $434 million. The proposal for St. Louis City totals approximately $267 million, which includes approximately $116 million in ancillary development by unrelated third parties. The project, located at Laclede's Landing, will feature 1,100 slot games, 35 table games, a 290-room hotel, three branded restaurants, a 1,200-space parking garage, a 5,000-square-foot entertainment event center, retail outlets, child care facilities and meeting space. This project allows for the possibility of future expansion to the gaming space by more than 50 percent. The ancillary development to the company's St. Louis City project will include residential, commercial and entertainment facilities located adjacent to the casino complex. The St. Louis County proposal totals approximately $167 million and is located near the Jefferson Barracks Bridge. The project includes 1,600 slot games, 40 table games, a 220-room hotel, four branded restaurants, an 1,800- space parking garage, a 12,000-square-foot entertainment event center, retail outlets, child care facilities and meeting space. Bernard Goldstein, Isle of Capri Casinos, Inc. chief executive officer and chairman, said, "Our company is well positioned and ready to immediately develop these projects. We have the financial capability to build both projects simultaneously and open within approximately 20 months of receiving appropriate approvals." In a related matter, the company previously announced an agreement to purchase The Admiral Casino riverboat in St. Louis, Missouri for $50 million from the President Riverboat Casino-Missouri, Inc. The due diligence period for the transaction has not expired. Isle of Capri Casinos, Inc., the leader in regional gaming, owns and operates 15 riverboat, dockside and land-based casinos at 14 locations, including Biloxi, Vicksburg, Lula and Natchez, Mississippi; Bossier City and Lake Charles (two riverboats), Louisiana; Black Hawk (two land-based casinos) and Cripple Creek, Colorado; Bettendorf, Davenport and Marquette, Iowa; and Kansas City and Boonville, Missouri. The company also 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 fiscal year ended April 27,2003 and Form 10-Q for the quarter ended July 27, 2003. Contacts: Greg Guida, Sr. VP of Development and Legal Affairs, 228.396.7006 Timothy M. Hinkley, President and COO, 228.396.7033 Thomas J. Campbell, Gallop, Johnson & Newman, LC, 314.615.6000 Lori Hutzler, Director of Corporate Communications-228.396.7031 Web site: http://www.islecorp.com/ http://www.newscom.com/cgi-bin/prnh/20020502/ISLELOGO http://photoarchive.ap.org/ DATASOURCE: Isle of Capri Casinos, Inc. CONTACT: Greg Guida, Sr. VP of Development and Legal Affairs, +1-228-396-7006, or Timothy M. Hinkley, President and COO, +1-228-396-7033, or Lori Hutzler, Director of Corporate Communications, +1-228-396-7031, all of Isle of Capri Casinos; or Thomas J. Campbell, of Gallop, Johnson & Newman, LC, +1-314-615-6000, for Isle of Capri Casinos Web site: http://www.theislecorp.com/

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