Isle of Capri Casinos, Inc. Issues Statement
May 11 2004 - 7:32PM
PR Newswire (US)
Isle of Capri Casinos, Inc. Issues Statement BILOXI, Miss., May 11
/PRNewswire-FirstCall/ -- In response to announcements made at
Chicago Attorney General Lisa Madigan's press conference today,
Timothy M. Hinkley, president and COO of Isle of Capri Casinos,
Inc. , has issued the following statement: "We are greatly
disappointed, but we are not surprised, by Attorney General Lisa
Madigan's announcement today to resume hearings to revoke the 10th
license. We also take great issue with her mischaracterizations of
our company and the people who run our company. Throughout this
process, the Isle of Capri Casinos has been open and cooperative
with the Illinois Gaming Board and its staff; we played by the
rules and we believe the process, created by Madigan, was fair and
open. We strongly believe that Madigan's action is not in the best
interest of the people of Illinois. In the announcement today the
AG did not provided any new information; instead this process has
become a game of political one-up- man-ship. We will continue to
pursue the necessary approvals to develop our project, including
the approval of the bankruptcy court and the Illinois Gaming
Board." 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.
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. Contact: 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: Lori Hutzler, Director of Corporate Communications, Isle
of Capri Casinos, Inc., +1-228-396-7031 Web site:
http://www.theislecorp.com/
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