ISLE Isleworth Healthcare Acquisition Corporation

Isle of Capri Casinos, Inc. Announces Termination of Agreement to Purchase The Admiral Casino BILOXI, Miss., May 4 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. officials announced today that the agreement to purchase The Admiral casino riverboat in St. Louis, Missouri from The President Riverboat Casino-Missouri, Inc. has been terminated by the mutual agreement of the parties. Timothy M. Hinkley, president and COO of Isle of Capri, said, "We will continue to monitor the Admiral's ongoing bankruptcy proceedings; however, we intend to focus our efforts toward obtaining Missouri Gaming Commission approval of our two St. Louis-area projects, which we believe will provide approximately $196 million more in tax revenues over five years than any other proposal which is currently pending before the gaming commission." Isle of Capri Casinos, Inc., a leading developer and owner of gaming and 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 casinos in Dudley 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 fiscal year ended April 27, 2003 and Form 10-Q for the fiscal quarters ended since that date. Contacts: Allan B. Solomon, Executive Vice President-561.995.6660 Rex Yeisley, Chief Financial Officer-228.396.7052 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: Allan B. Solomon, Executive Vice President, +1-561-995-6660, or Rex Yeisley, Chief Financial Officer, +1-228-396-7052, or Lori Hutzler, Director of Corporate Communications, +1-228-396-7031, all of Isle of Capri Web site: http://www.theislecorp.com/

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