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Isle of Capri Casinos, Inc. Acquiring The State Line and
Silver Smith Casino Resorts in Wendover, Nev.
for $30 million

BILOXI, Miss., Sept. 16, 2002 - Isle of Capri Casinos, Inc. (Nasdaq: ISLE - News) officials announced today the company has entered into a definitive agreement to purchase The State Line and Silver Smith Casino Resorts in Wendover, Nev.

The agreement is subject to state regulatory approval as well as the approval of the Federal Bankruptcy Court, located in Reno, Nev., which has a hearing scheduled in early October. The purchase price is $30 million, which will be paid in cash.

In an unrelated matter, the Cameron Parish, La. Policy Jury unanimously authorized the parish to enter into an agreement with the Isle of Capri Casinos, Inc., which is considering developing a casino on the Sabine Pass. The police jury had previously authorized a November election for the parish to vote on gaming. The development of the project is subject to all the necessary approvals from all required regulatory authorities.

Isle of Capri Casinos, Inc. owns and operates 14 riverboat, dockside and land-based casinos at 13 locations, including Biloxi, Vicksburg, Tunica, Lula and Natchez, Mississippi; Bossier City and Lake Charles (two riverboats), Louisiana; Black Hawk, Colorado; Bettendorf, Davenport and Marquette, Iowa; Kansas City and Boonville, Missouri; and Las Vegas, Nevada. The company also operates Pompano Park Harness Racing Track in Pompano Beach, Florida.

This press release may be deemed to contain forward-looking statements, which are subject to change. 
 

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Contact:



Allan B. Solomon
Executive Vice President
561.995.6660
http://www.theislecorp.com

 
Also See State Line Hotel and Casino and the Silver Smith Casino Resort In Wendover, NV File for Bankruptcy Protection / Jan 2002
Isle of Capri Casinos, Inc. Opens $75 million Casino in Boonville, Missouri / December 2001


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