Isle Of Capri Casinos, Inc. Closes Sale Of Kansas City Flamingo Acquisition

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BILOXI, Miss., June 6 /PRNewswire/ -- Isle of Capri Casinos, Inc., (Nasdaq: ISLE) announced today that as of midnight, Monday, June 5, 2000, the company has completed the acquisition of the Kansas City Flamingo Hilton Riverboat Casino.

The Isle of Capri Casino-Kansas City will continue to operate under the Flamingo name pursuant to a license agreement while the facility is converted to the Isle of Capri theme. The property will include, among other amenities, a Farraddays' Restaurant, Calypso's Buffet and Tradewinds Marketplace. The facility transition to an Isle of Capri property is expected to be completed by the end of the year.

Bernard Goldstein, chairman and chief executive officer, said, "The closing officially brings Isle Style to Missouri -- a market our company strongly believes to hold great potential for the gaming industry as well as the Isle."

Added John M. Gallaway, president and chief operating officer, "The process bringing us to this closing has been a pleasurable business transaction, due in part to the efficient and professional practices of the Missouri Gaming Commission and the Missouri Port Authority."

Isle of Capri Casinos, Inc. owns and operates riverboat, dockside and land-based casinos at 10 locations, including the Isle of Capri Casino Crowne Plaza Resort in Biloxi, MS; the Isle of Capri Casino & Hotel in Vicksburg, MS.; the Isle of Capri Casino & Hotel in Bossier City, LA; two riverboats operating as the Isle of Capri Casino & Hotel in Lake Charles, LA; the Isle of Capri Casino in Black Hawk, CO [through a 57 percent-owned subsidiary]; the Isle of Capri Casino in Tunica, MS, the Lady Luck Casino & Hotels in Lula, MS, Lady Luck Casino & Hotel in Natchez, MS, Lady Luck Casino & Hotel in Bettendorf, IA and the Miss Marquette Casino & Hotel in Marquette, IA. The company also operates Pompano Park Harness Racing Track in Pompano Beach, FL, and through a joint venture the Enchanted Capri cruise ship, which features an Isle of Capri Casino, sailing from New Orleans, LA.

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