Isle of Capri Casinos, Inc. Offers $20,000 Isle Endowment Fund Scholarship BILOXI, Miss., Jan. 7 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. (NASDAQ:ISLE) announced today that it is accepting applications for the second awarding of its Isle Endowment College Scholarship. The Isle Endowment Fund provides a scholarship for studies in hospitality management for up to $20,000 (a maximum of $5,000 per year for a maximum of four years) to be awarded to the recipient's college of choice in his or her name. The fund is maintained through annual financial contributions from the company's casino properties and its employees, and is managed by the Gulf Coast Community Foundation in Biloxi, Miss. "Isle of Capri Casinos understands the value of education, and as a company committed to giving back, we created the Isle Endowment Fund last year. Our first scholarship recipient began college this fall, and we look forward to helping many more bright and talented high school students achieve the goal of obtaining a college degree," said Timothy M. Hinkley, president and COO of Isle of Capri Casinos. Interested parties can download the Isle Endowment scholarship application from the Isle of Capri Casinos website at http://www.islecorp.com/ . The deadline for applications is March 1, 2005. CONTACT: Allan B. Solomon, Executive Vice President/General Counsel, 561/995-6660. Rex Yeisley, Senior Vice President/Chief Financial Officer, 228/396-7000. 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/ . "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Isle of Capri Casinos' business, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. 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 (two 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, Walsal and Wolverhampton, England. The company also owns and operates Pompano Park Harness Racing Track in Pompano Beach, Florida. 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 and General Counsel, +1-561-995-6660, or Rex Yeisley, Senior Vice President and Chief Financial Officer, +1-228-396-7000, both of Isle of Capri Casinos, Inc. Web site: http://www.islecorp.com/

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