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Agreement with Eighth Wonder restructured

ST. LOUIS, Missouri – (PRESS RELEASE) -- Isle of Capri Casinos, Inc. (Nasdaq: ISLE) announced a revised agreement in connection with resort developer Eighth Wonder's proposal to build an integrated resort complex on Sentosa Island in Singapore.

The revised agreement includes equity ownership in the resort complex by Melco PBL Entertainment, Eighth Wonder and Isle of Capri. In addition to Isle of Capri's equity ownership, Isle of Capri entered into a revenue sharing agreement. Melco PBL, owner and operator of Crown Macau opening in April 2007, brings its knowledge in the Asian market to the high-powered consortium formed by Eighth Wonder, a privately held company based in Las Vegas. Should Eighth Wonder win the bid, Melco PBL will manage the casino and associated casino amenities at the Sentosa Island Integrated Resort.

"Isle of Capri is pleased to continue our existing relationship with Eighth Wonder as we move through the RFP process in Singapore. The addition of Melco PBL brings significant Asian market gaming and hospitality expertise to the proposal and we look forward to presenting an exciting proposal to the Government of Singapore," Timothy Hinkley, Isle of Capri Casinos president and chief operating officer, said.

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