BILOXI, Miss., Sept. 25 /PRNewswire-FirstCall/ -- Isle of Capri Casinos,
Inc. (Nasdaq: ISLE) officials announced today the following update on the
effects of Hurricanes Rita and Katrina:
The company has made a preliminary inspection of the Isle-Lake Charles.
Both casino vessels appear to have weathered the storm fairly well and the
company currently expects both to be fully operational when the facility is
reopened. Currently, it appears that the hotels and pavilion area suffered
only minimal damage. Isle of Capri has business interruption and property
insurance covering the company's operations and assets. Lake Charles team
members will continue to work closely with state and local officials to
determine exactly when the Isle-Lake Charles will reopen.
In Biloxi, power has been restored to the Isle of Capri hotel that is
currently being used to house emergency workers. Several hundred team members
have returned to work at the hotel to provide housekeeping, security and
limited food service. The casino facility at this location will need to be
The Isle corporate offices located on Popps Ferry Road in Biloxi reopened
two weeks ago with all systems back on-line and corporate team members have
returned to work.
"Having traveled to Lake Charles and toured the property it appears that
the Isle-Lake Charles survived Hurricane Rita in relatively good condition.
Our focus continues to be our team members, in both the Biloxi and Lake
Charles area, as we try to confirm the safety of our team members and their
families. Working closely with state and local authorities, we look forward to
reopening the Isle-Lake Charles as soon as we can safely do so," said
president and chief operating officer Tim Hinkley.
The company is requesting that any Isle-Lake Charles team members contact
1-800-843-4753 to let the company know you and your family are safe.
Contacts: Allan B. Solomon, Executive Vice President-561.995.6660
Les McMackin, Senior Vice President of Marketing-228.396.7054
Jill Haynes, Director of Corporate Communication-228.396.7031
Isle of Capri Casinos, Inc., a leading developer and owner of gaming and
entertainment facilities, operates 15 casinos in 13 locations. The company
owns and operates riverboat and dockside casinos in Biloxi, Vicksburg, Lula
and Natchez, Mississippi; Bossier City and 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.
Web site: http://www.islecorp.com
This press release may be deemed to contain forward-looking statements,
which are subject to change. This project is subject to contingencies
including the receipt of all necessary licenses and permits. 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 Isle of Capri Casinos, Inc. with the
Securities and Exchange Commission.
SOURCE Isle of Capri Casinos, Inc.