Isle of Capri Casinos, Inc. Biloxi, Miss. Property Reopened After Hurricane Ivan
September 17 2004 - 11:59AM
PR Newswire (US)
Isle of Capri Casinos, Inc. Biloxi, Miss. Property Reopened After
Hurricane Ivan BILOXI, Miss., Sept. 17 /PRNewswire-FirstCall/ --
Isle of Capri Casinos, Inc. (NASDAQ:ISLE) Biloxi, Mississippi
property sustained slight damage due to Hurricane Ivan and reopened
today at 9:30 AM Central Time. The property, which was closed this
Tuesday at noon, incurred only minor damage to landscaping and
exterior signage. The construction site for the property's $80-plus
million expansion was secured and appears to have received no
damage. Work on the expansion site will resume as soon as possible.
Timothy M. Hinkley, president and chief operating officer, said,
"Operating on the Mississippi Gulf Coast does bring with it the
danger of tropical weather; therefore, we understand the value of a
solid hurricane preparedness plan. Our Biloxi team reacted
professionally by securing property assets quickly, which also
allowed for our employees to personally prepare and evacuate. We
are now turning our focus to getting the Isle-Biloxi up and
running." 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. CONTACT: Allan B. Solomon, Executive Vice
President/General Counsel, 561/995-6660. Rex Yeisley, Senior Vice
President/Chief Financial Officer, 228/396-7000. Lori Hutzler,
Director of Corporate Communications, 228/396.7031 This press
release contains 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, permits, weather, 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 10-K for the fiscal year ended April 25, 2004. Other Isle of
Capri Casinos, Inc. press releases and a corporate profile are
available at http://www.prnewswire.com/ . Isle of Capri Casinos,
Inc.'s home page is 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-General
Counsel, +1-561-995-6660, or Rex Yeisley, Senior Vice
President-Chief Financial Officer, +1-228-396-7000, or Lori
Hutzler, Director of Corporate Communications, +1-228-396-7031, all
of Isle of Capri Casinos, Inc. Web site:
http://www.theislecorp.com/
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