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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