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Isle Of Capri Casinos, Inc. Announces 27% Increase In E.P.S.

The positive results were driven by the improved combined operating results of the original five Isle properties, the inclusion for the full quarter of the new Isle properties in Natchez and Lula, Mississippi, and Bettendorf and Marquette, Iowa, as well as the inclusion for part of the quarter of our latest Isle property in Kansas City, MO.

Bernard Goldstein, Chairman and Chief Executive Officer commented, ``We are very pleased with the year over year improvement in operating results for the first quarter as we continue to implement our growth strategy.

In May we acquired the rights to develop a casino project in Boonville, MO and it is currently under construction. In June we welcomed Kansas City Isle of Capri into the Isle Family as an existing operation.

In July we signed an agreement to acquire the operations of an existing Davenport, IA casino property and are moving forward in pursuing the necessary approvals.

Also in July, we were approved by the Missouri Gaming Commission to develop a gaming entertainment facility in Jefferson County, MO. Earlier in August we opened our new 237- room hotel in Black Hawk, CO, and are continuing construction of a 250-room hotel in Lake Charles, LA and also a 227-room hotel in Tunica, MS.''

Jack Gallaway, President and Chief Operating Officer added, ``We are continuing the process of 'Islestyling' the latest additions to our Isle family, expanding our brand into new markets and strengthening it in existing markets. With EBITDA growth of 73% to $57.6 million for the first quarter of this year we are just beginning to see the fruits of our labor.''

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