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Backing for Isle of Capri Casinos Plan

27 September 2006

PITTSBURGH, Pennsylvania -- As reported by the Post-Gazette: "Isle of Capri Casinos Inc.'s proposed $1 billion development plan for the lower Hill District has won the approval of the city Planning Commission.

"The proposal includes a $450 million casino, a $290 million arena funded by Isle of Capri, and more than $400 million in residential, office and retail development on the site of Mellon Arena, all contingent on the award of the Pittsburgh slots license.

"...Isle of Capri is competing with Forest City Enterprises and PITG Gaming LLC for the license..."

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