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A Golden Year for Isle of Capri Chief

30 July 2000

BILOXI, MISSISSIPPI – July 30, 2000 – As reported by the Sun Herald: "With the purchase of Lady Luck's casino properties, Goldstein's company was propelled into the gambling big leagues. Now, with more than $1 billion in gross revenues, Biloxi-based Isle of Capri is one of the nation's 10 largest publicly held casino companies.

"…Goldstein was at "ground zero" when riverboat gambling began on April 1, 1991. His Diamond Lady became the nation's first riverboat casino when it set sail that day from Bettendorf, Iowa. Boats in Davenport and Dubuque followed a few hours later.

"Because of restrictive casino regulations in Iowa - bet limits, cruising restrictions and such - Goldstein left the Mississippi River and sailed his fleet of two casino boats and a barge to Biloxi, debuting gambling in Mississippi on Aug. 1, 1992.

"…When the Isle of Capri bought Lady Luck Gaming, the deal included casino boats in his original base of Bettendorf as well as vessels in Marquette, Iowa, and in Lula and Natchez - all on the Mississippi River.

"…A week ago Goldstein's company returned to the Mississippi River to buy the Davenport, Iowa, gambling facilities of President Riverboat Casinos. That deal includes the President, the casino boat that Goldstein competed with in the early days of casino gambling in Iowa.

"…In addition, Goldstein, along with Gallaway and senior vice president Tim Hinkley, are orchestrating construction on a riverboat casino site in Booneville, Mo., are waiting on final approval on the Hilton Flamingo Casino in Kansas City next month and will soon receive licensing on the Lady Luck Casino/Hotel in downtown Las Vegas..."

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