Isle of Capri Casinos, Inc. Will Proceed With Development at Pompano Park

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Message was posted: 10:44 Aug 9th, 2006

User: islandhopper
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Isle of Capri Casinos,Inc. announced today that it is proceeding with the development of its slot machine facility at Pompano Park and currently anticipates that a court decision rendered today will not impact the opening of its facility now scheduled for early 2007.

The Florida District Court of Appeal First District reversed a lower
court decision granting summary judgment in favor of Floridians for a Level Playing Field (FLPF), of which Isle of Capri is a member. The Court ruled that a trial is necessary to determine whether FLPF obtained the required number of signatures to place the constitutional amendment on the ballot in November 2004.

Isle believes that today's decision is contrary to existing Florida law and if a trial were to be held, that FLPF would prevail on the merits. If FLPF is ultimately unsuccessful in the litigation, the statewide vote amending the Florida constitution to permit slot machines at pari-mutuels would be invalidated.

Isle expects that FLPF will explore all available options, including a petition for rehearing, a rehearing en banc and filing a motion for certification to the Florida Supreme Court.

Isle of Capri Casinos, Inc., a leading developer and owner of gaming and entertainment facilities, operates 13 casinos in 11 locations. The company owns and operates riverboat and dockside casinos in Biloxi, Lula and Natchez, Mississippi; Lake Charles (2 riverboats), Louisiana; Bettendorf, Davenport and Marquette, Iowa; and Kansas City and Boonville, Missouri. The company also owns a 57 percent interest in and operates land-based casinos in Black Hawk (two casinos), Colorado. Isle of Capri's international gaming interests include a casino that it operates in Freeport, Grand Bahama and a two-thirds ownership interest in casinos in Dudley, Walsall and Wolverhampton, England. The company also owns and operates Pompano Park Harness Racing Track in Pompano Beach, Florida.

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