Isle of Capri Casinos Pursues Amendment to Senior Credit Facility

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Jan 14, 2010, 09:45 ET

ST. LOUIS, Jan. 14 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. (Nasdaq: ISLE) today announced it is pursuing an amendment to its senior credit facility, and has engaged Credit Suisse Securities (USA) LLC to arrange the amendment. Under consideration are amendments that would provide the Company with greater flexibility, including the amendment of certain financial covenants.

Isle of Capri Casinos, Inc. owns and operates 14 casino properties in six states. Collectively, these properties boast over 15,000 slot machines and nearly 400 table games, over 3,100 hotel rooms and more than three dozen restaurants. The company's properties are in Biloxi, Lula and Natchez, Mississippi; Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and Waterloo, Iowa; Boonville, Caruthersville and Kansas City, Missouri; two casinos in Black Hawk, Colorado; and a casino and harness track in Pompano Beach, Florida. One of the largest publicly-traded gaming companies in the United States, Isle of Capri is traded on the NASDAQ stock exchange under ticker symbol ISLE. More information is available at the Company's website, www.islecorp.com.

Forward-Looking Statements

This press release may be deemed to contain forward-looking statements, which are subject to change. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, licensing, and other regulatory approvals, financing sources, development and construction activities, costs and delays, weather, permits, competition and business conditions in the gaming industry. The forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements herein.

Additional information concerning potential factors that could affect the Company's financial condition, results of operations and expansion projects, is included in the filings of the Company with the Securities and Exchange Commission, including, but not limited to, its Form 10-K for the most recently ended fiscal year.

CONTACTS:
For Isle of Capri Casinos, Inc.,
	Dale Black, Chief Financial Officer, 314.813.9327, [email protected]
	Jill Haynes, Senior Director Corporate Communication, 314.813.9368, [email protected]