BILOXI, Miss., Dec. 1 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. (Nasdaq: ISLE) officials announced today that the company has completed the acquisition of two-thirds interest in Blue Chip Casinos Plc in the United Kingdom.

Isle of Capri Casinos, Inc. has acquired a two-thirds interest in Blue Chip Casinos Plc for 5 million pounds sterling ($8 million). The remaining one-third interest of Blue Chip is held by English private investors. Blue Chip has acquired The Castle Casino in Dudley, England, near Birmingham, and has also received consent from The Gaming Board of Great Britain to acquire and operate two other properties in that area.

In addition to the acquisition of its interest in Blue Chip Casinos, Isle of Capri recently announced that it has signed Heads of Terms with Arena Coventry Ltd. to take a long-term lease and operate a 100,000-square-foot entertainment complex, including an Isle of Capri Casino, in Coventry, England adjacent to the planned new state of the art football stadium for Coventry City.

All of these projects are subject to the appropriate approvals from all necessary authorities.

Isle of Capri Casinos, Inc., the leader in regional gaming, owns and operates 15 riverboat, dockside and land-based casinos at 14 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. 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.

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 Company with the Securities and Exchange Commission, including, but not limited to, its Form 10-K for the fiscal year ended April 27, 2003 and Form 10-Q for the quarter ended October 26, 2003.

     Contacts:     Allan B. Solomon, Executive Vice President-561.995.6660     Rex Yeisley, Chief Financial Officer-228.396.7052     Maura Devine, Public Relations-312.255.3032     Web site:  http://www.islecorp.com