Isle Announces Sale of Rhythm City Casino To Kehl's Scott County Casino

   Isle Announces Sale of Rhythm City Casino To Kehl's Scott County Casino

PR Newswire

ST. LOUIS, Dec. 4, 2013

ST. LOUIS, Dec. 4, 2013 /PRNewswire/ --Isle of Capri Casinos, Inc. (NASDAQ:
ISLE) announced today that it has entered into a definitive purchase agreement
with Scott County Casino, LLC to sell its Rhythm City Casino in Davenport,

Under the terms of the agreement, Scott County Casino, LLC, led by Dan Kehl,
has agreed to pay Isle of Capri Casinos, Inc. approximately $51 million. The
transaction is expected to close early in 2014, subject to regulatory approval
and other customary closing conditions.

"While there have been many participants in this long and sometimes arduous
process, the most valuable contribution came from our Rhythm City employees,
who never lost their focus on providing a great experience for our customers.
We thank them for their dedication and commitment to creating value for all
Isle stakeholders," Virginia McDowell, president and chief executive officer
of Isle of Capri, said. "Our focus now turns to planning a smooth transition
of the property as this transaction moves into the final stage."


Isle of Capri Casinos, Inc. is a leading regional gaming and entertainment
company dedicated to providing guests with an exceptional experience at each
of the casino properties that it owns and operates, primarily under the Isle
and Lady Luck brands. The Company currently owns and operates 16 gaming and
entertainment facilities in Mississippi, Louisiana, Iowa, Missouri, Colorado,
Pennsylvania, and Florida. More information is available at the Company's

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.

Isle of Capri Casinos, Inc.,
 Dale Black, Chief Financial Officer-314.813.9327
 Jill Alexander, Senior Director, Corporate

SOURCE Isle of Capri Casinos, Inc.

Press spacebar to pause and continue. Press esc to stop.