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Isle of Capri Casinos Offers Isle Endowment Fund Scholarship

BILOXI, Mississippi – (PRESS RELEASE) -- 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.

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