BILOXI, Miss., Dec. 22 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. (Nasdaq: ISLE) officials announced today that the company has completed the agreement to develop a 100,000-square-foot regional casino and entertainment complex at the proposed Arena Coventry in Coventry, England.

The entertainment complex, located on 72.5 acres, will include a 32,500- capacity football stadium, an Isle of Capri Casino, a 6,000-seat exhibition/events hall, retail and food-and-beverage areas, as well as other amenities.

Isle of Capri Casinos, Inc., the leader in regional gaming, owns and operates 17 riverboat, dockside and land-based casinos at 15 locations, including Biloxi, Vicksburg, Lula and Natchez, Mississippi; Bossier City and Lake Charles (two riverboats), Louisiana; Black Hawk (two land-based casinos) and Cripple Creek, Colorado; Bettendorf, Davenport and Marquette, Iowa; and Kansas City and Boonville, Missouri. International locations include Freeport, Grand Bahama and Dudley, England. 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. 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.

Contacts:  Allan B. Solomon, Executive Vice President-561.995.6660
               Rex Yeisley, Chief Financial Officer-228.396.7052
               Lori Hutzler, Director of Corporate Communications-228.396.7031
               Web site:  http://www.islecorp.com