ISLE Isleworth Healthcare Acquisition Corporation

Isle of Capri Casinos, Inc., Selected as Successful Bidder for the 10th Illinois Casino License BILOXI, Miss., March 15 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. officials announced today that the company has been selected by the Illinois Gaming Board as the successful bidder for the 10th Illinois gaming license. The company was selected by the gaming board after bidding $518 million at a bankruptcy auction held last week. (Logo: http://www.newscom.com/cgi-bin/prnh/20020502/ISLELOGO) Isle of Capri's project will be located on a nine-acre site in the Village of Rosemont, located next to Chicago's O'Hare International Airport, in close proximity to the one million square foot Stephens convention center, and near the over 6,000 hotel rooms located in the Village. Isle of Capri expects to spend an additional $150 million on the project, in addition to amounts already expended at the site. The site has an existing parking garage and infrastructure, including a basin and barge. The company's project includes constructing a single level 40,000 square foot casino, with 1,200 gaming positions, four of its signature restaurants, a 12,000 square foot entertainment venue, and 7,500 square feet of retail space. Isle of Capri will own 80percent of its Rosemont subsidiary, with the remaining 20 percent to be owned by qualified minority investors, as required by statute. Bernard Goldstein, Isle of Capri Casinos chairman and chief executive officer, said, "We believe that our proposal offers the best project in the best location and the IGB's decision supports that view. Our company is ready to spread our Isle Style success to Chicagoland." "The Illinois Gaming Board's selection of the Isle will bring the most benefits to the most residents of Cook County and the state," said Timothy M. Hinkley, president and chief operating officer of the Isle of Capri. "We are looking forward to working with the Gaming Board staff during the licensing process and debuting the next generation of our Isle product in the Chicagoland market." The project is subject to contingencies including findings of suitability and final approval of the Illinois Gaming Board and approval of the U.S. Bankruptcy Court. The company expects to begin construction on the project promptly following final Bankruptcy Court and Gaming Board approval and open the project within eight months of commencing construction. Isle of Capri Casinos, Inc., a leading developer and owner of gaming entertainment facilities, operates 16 casinos in 14 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) and Cripple Creek, 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 a casino in Dudley, 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 fiscal year ended April 27, 2003 and Forms 10-Q for the quarters ended since that date. Contacts: Allan B. Solomon, Executive Vice President - 561.995.6660 Rex Yeisley, Chief Financial Officer - 228.396.7052 Lori Eckert, Director of Corporate Communications - 228.396.7031 Web site: http://www.islecorp.com/ http://www.newscom.com/cgi-bin/prnh/20020502/ISLELOGODATASOURCE: Isle of Capri Casinos, Inc. CONTACT: Allan B. Solomon, Executive Vice President, +1-561-995-6660, or Rex Yeisley, Chief Financial Officer, +1-228-396-7052, or Lori Eckert, Director of Corporate Communications, +1-228-396-7031, all of Isle of Capri Casinos Web site: http://www.theislecorp.com/

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