For the fourth fiscal quarter, the company reported income from continuing
operations of $7.34 $0. Despite continuing to face a very
competitive and contracting market, the Isle-Lula showed a slight increase in
net revenues and Adjusted EBITDA (1) remained flat.5% $25,568 $9,127 35.
Reconciliation of Operating Income (Loss) to
Adjusted EBITDA by Casino Property
(In thousands)
Three Months Ended April 24, 2005

Depreciation
Operating + Other Adjusted Operating
Income Amortization Preopening Charges EBITDA Income
(Loss) (5) (6) (1) Margin% (1)
MISSISSIPPI
BILOXI (2) $1,973 $2,545 $-- $-- $4,518 9.3%

COLORADO
BLACK
HAWK (15) 7,783 1,684 -- -- 9,467 30.8%)
OUR LUCAYA
(2) (5) (2,061) 1,488 -- -- (573) (8.6%
MARQUETTE 7 ,436 3,160 -- -- 10,596 17.0 million charge related to the accrual of
additional loss contingencies for litigation matters. For the
fiscal year ended April 25, 2004, preopening expenses incurred related to
opening the casino at Our Lucaya Beach and Golf Resort, Grand Bahama Island on
December 15, 2003 and opening a new pub-style casino in Wolverhampton, England
on April 22, 2004. For the fiscal year ended April 25, 2004,
corporate and other includes net revenues of $24,340 and Adjusted EBITDA of
($670) for Pompano Park, as well as net revenues of $8,370 and Adjusted EBITDA
of $2,696 for the Lady Luck-Las Vegas.islecorp.

Isle of Capri Casinos Inc. Appoints Steve DuCharme to Compliance Committee

m6 chig

BILOXI, Miss.15 per diluted common
share for the same quarter last year. Net income
for the fourth fiscal quarter was $3.0 million, and the new hotel is scheduled to open in the
late spring of 2007.
* During the fourth fiscal quarter, the company refinanced its senior
secured credit facility. Enabling gaming
legislation was not passed in the current session of the Florida legislature
despite the constitutional requirement that such legislation be in effect by
July 1, 2005. The company expects to
complete modest renovation of the Isle-Bossier City casino by the end of June
2005.
Rhythm City-Davenport showed a decrease in Adjusted EBITDA (1) primarily due to
a $0.11) -- (0.2%
VICKSBURG 14,639 2,375 16.8%) $1,000 $(258) (25.5% 55,420 16,681 30.5%
VICKSBURG 1,152 1,223 -- -- 2,375 7.9%

IOWA
BETTENDORF 7,470 2,019 -- -- 9,489 29.1%
LULA 4,868 2,397 -- -- 7,265 20.8%
LAKE
CHARLES 27,036 13,470 -- -- 40,506 15.1%
IOWA
TOTAL $44,710 $17,933 -- -- $62,643 21.6%
COLORADO CENTRAL
STATION (15) (301) 2,765 -- -- 2,464 (0. During the fiscal quarter ended April 24, 2005, the company recorded
$2.6 million in
expenses related to the recording of insurance costs through its new captive
insurance company.7 million and $3.5 million.sec.
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 10-K for the fiscal year ended
April 25, 2004 and Form 10-Q for the fiscal quarters ended since that date ."
DuCharme brings extensive gaming expertise to the Isle of Capri regulatory
compliance committee .

potteries woa

0 million or $0.86 per diluted common share for fiscal 2004.1 million or $0.5 million.
* The company continues to deploy the IGT Advantage(TM) Casino System to
replace the existing systems in six of its casinos. Isle-Lake Charles experienced a slight decrease in net revenues due
to lower table hold but showed an increase in Adjusted EBITDA(1) due to an
improvement in overall cost controls . Isle-Bossier City showed a decrease in
net revenues related to competitive pressures; however, Adjusted EBITDA(1)
increased due to improved overall cost containment.3% $70,259 $20,894 29 .4% 33,882 8,603 25.5%)
INTERNATIONAL
TOTAL $31,115 $(2,065 ) (6.2% $1,105,442 $249,793 22.0%
NATCHEZ 2,352 850 -- -- 3 ,202 22.2%

INTERNATIONAL
BLUE CHIP
(5)(16) (525) 52 -- -- (473) (24.0%
MISSOURI
TOTAL $24,976 $14,014 $-- $-- $38,990 15.7%)

CORPORATE +
OTHER (17) $(26,103) $2,374 $-- $-- $(23,729) N/M
TOTAL $157,728 $89,772 $2,293 $-- $249,793 14.S.05 million and $0. New development expenses for the three months and
fiscal year ended April 24, 2005 also include United Kingdom-related expenses
of $3. Consolidated net interest expense is comprised of the following
components:

Blue Chip Blue Chip
Restricted + Consoli- Restricted + Consoli-
Group Colorado Other dated Group Colorado Other dated
(In thousands)
Three Months Ended April 24, 2005 Fiscal Year Ended April 24, 2005

Interest
expense $17,739 $3,015 $195 $20 ,949 $67,504 $10,862 $549 $78,915
Interest
income (630) (13) (399) (1,042 ) (1,366) (71) (807) (2,244)
Capitalized
interest (627) (525) (97) (1,249 ) (1,608) (1,402) (188) (3,198)
Net
interest
expense $16,482 $2,477 $(301) $18,658 $64,530 $9,389 $(446) $73,473

Three Months Ended April 25, 2004 Fiscal Year Ended April 25, 2004

Interest
expense $18,581 $2,426 $50 21 ,057 $73,959 $10,979 $50 $84,988
Interest
income (82) (27) (72) (181 ) (623) (125) (124) (872)
Capitalized
interest (110) (207) -- (317 ) (1,325) (207) -- (1,532)
Net
interest
expense $18,389 $2,192 $(22) $20,559 $72,011 $10,647 $(74) $82,584

Colorado includes the Isle-Black Hawk 's and Colorado Central Station-Black
Hawk's components of net interest expense. Net revenues are presented net of complimentaries, slot points expense
and cash coupon redemptions. As management fees are eliminated in consolidation, Adjusted EBITDA
for the Isle-Black Hawk and the Colorado Central Station-Black Hawk does not
include management fees. Blue Chip Casinos, PLC owns and
operates pub-style casinos in Dudley, Wolverhampton and Walsall, England.

Contact:
Allan B.
"Steve has experience both in enforcing and assuring compliance with
gaming regulations and that skill set will make him a valuable asset to our
compliance team," said Tim Hinkley, president and chief operating officer of
Isle of Capri Casinos, Inc.

wrekin deeside

22 per diluted common share compared to a
loss from continuing operations of $4. The following
table reflects comparable net income adjusted for these items:

Three Months Ended Fiscal Year Ended
April 24, April 25, April 24, April 25,
2005 2004 2005 2004
(In thousands)
Net income (loss), as reported $3,451 $(4,346) $18,038 $27 ,749
Add/(deduct):
Loss (income) from
discontinued operations
net of income taxes (13) 3,607 (310) 2,946 (1,418)
Loss on early
extinguishment of debt,
net of income taxes (11) 3,046 15,140 3,046 15,140
Other charges, net of
income taxes (6) (7) 138 -- 1,078 --
Preopening, net of income
taxes (5) -- 243 143 1,432
Adjusted net income $10,242 $10,727 $25,251 $42,903

Adjusted earnings per diluted
common share $0.
The company's new casino is currently under construction offsite and will
feature significantly expanded gaming space, new entertainment venues,
restaurants and other amenities.58 $0.5%

MISSOURI
KANSAS
CITY 2,840 1,909 -- -- 4,749 11.9%
NATCHEZ 5,823 3,296 -- -- 9,119 16.8%
DAVENPORT 10,268 7,417 -- -- 17,685 14.7%

IOWA
BETTENDORF 25 ,954 7,383 -- -- 33,337 25. Also, other
gaming companies that report Adjusted EBITDA information may calculate
Adjusted EBITDA in a different manner than the company. Reconciliations of operating income to
Adjusted EBITDA and operating income as a percentage of net revenues are
included in the financial schedules accompanying this release. Of the business
interruption insurance proceeds recorded, $2.2 million relates to
the Isle-Biloxi during Hurricane Ivan. The effect of fluctuations in workers compensation and
general liability insurance reserves were previously reported in property
expenses.
12. On April 22, 2005, the Isle-Black Hawk joint venture approved an
agreement to sell the Colorado Grande-Cripple Creek for $6. Solomon, Executive Vice President, 561-995-6660
Rex Yeisley, Chief Financial Officer, 228-396-7052
Jill Haynes, Director of Corporate Communications , 228-396-7031

This press release contains forward-looking statements which are subject
to change.7052
Jill Haynes, Director of Corporate Communication, 228.

orienteering m42

1 billion. These properties have seen a great deal of change and
development over the last year and quarter marking this as a period of
transition at the Isle," Bernard Goldstein, Isle of Capri Casinos, Inc.86
Income (loss) from
discontinued operations
(including minority interest
and goodwill impairment),
net of income taxes (13) (0.1% 17,862 6,067 34.9% 5,500 (1 ,627) (29.5%) 7,540 (2,149) 28.7%
LOUISIANA
TOTAL $39,894 $23,860 $-- $-- $63,754 14." Isle of Capri calculates Adjusted EBITDA at its properties by
adding preopening expense, management fees, other charges and non-cash items
to EBITDA.0 million , respectively, related to contributions
to a coalition of pari-mutuel facilities, including Pompano Park, that
supports referendums related to the installation and operation of slot
machines at existing pari-mutuel sites in Broward and Miami-Dade counties in
the state of Florida.
10 . The sale of the Lady Luck-Las Vegas was
finalized on September 3, 2003.

centred deeside

68 per
diluted common share compared to income from continuing operations of
$26.33 $0. The company
expects the construction of the project to take approximately 24 months
including the acquisition of necessary permits and licenses. Isle-Kansas City's net revenues and Adjusted EBITDA(1) were down
due to the lower hold percentages.11 $(0.91

Weighted average diluted
common shares 31,391 29,648 30,930 30,466

Selected Consolidated Balance Sheet Accounts

April 24, 2005 April 25, 2004
(In thousands)

Cash and cash equivalents $146,743 $134,582
Property and equipment, net 1,026,906 907,460
Debt 1,156,118 1,088,864
Stockholders' equity 261,396 241,406

Isle of Capri Casinos, Inc.9% $53,425 $17,226 32.9%
COLORADO CENTRAL
STATION (15) 9,971 1,252 12.1%
LULA 85,541 21,073 24.0% 68,217 19,001 27.3%
MISSISSIPPI
TOTAL $14,381 $6,513 $-- $-- $20,894 20.0%)
OUR
LUCAYA (5) (1,966) 340 (1) - - (1,627) (35.8%

INTERNATIONAL
BLUE CHIP
(5) (16) (259) 42 244 -- 27 (13. Corporate expenses for the fiscal quarter and year ended April 24,
2005, reflect the inclusion of approximately $0. The company
makes its filings available free of charge on its Internet website as soon as
reasonably practical after the company electronically files or furnishes such
reports to the SEC., July 27 - Steve DuCharme, former
chairman of the Nevada State Gaming Control Board, has been appointed to be
the sixth member of the Isle of Capri Casinos, Inc.
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.995.

afield woa

9 million primarily related
to the goodwill impairment recorded in the fourth fiscal quarter of 2005
related to the sale of the Colorado Grande-Cripple Creek, which was completed
on April 25, 2005, as compared to income of $1.9 million for the same period in fiscal 2004.
* During the fourth fiscal quarter, the governor of Illinois appointed a
new gaming board.
Consolidated Statements of Operations
(In thousands, except per share amounts)

Three Months Ended Fiscal Year Ended
April April April April
24, 25, 24, 25,
2005 2004 2005 2004
Revenues:
Casino $298,972 $290 ,700 $1,121,316 $1,116,351
Hotel, pari-mutuel,
food, beverage + other 59 ,593 55,970 217,277 208,659
Gross revenues 358,565 346,670 1,338 ,593 1,325,010
Less promotional
allowances 58,875 55,811 226,985 219,568
Net revenues 299,690 290,859 1,111,608 1,105 ,442

Operating and other expenses:
Properties (2) 224,826 218,267 850,015 828,498
Corporate (3) 6,956 4,186 23,039 21 ,298
New development (4) 5,464 2,514 14,378 5,853
Preopening (5) -- 243 247 2,293
Other charges, net (6) (7) 238 -- 1,859 --
Depreciation and
amortization (8) 24,660 24,290 97,418 89,772
Total operating and other
expenses 262,144 249,500 986,956 947,714
Operating income 37,546 41,359 124,652 157,728

Net interest expense (9) (18,658) (20 ,559) (73,473) (82,584)
Minority interest (10) (371) (2,033) (5,493) (10,072)
Loss on early extinguishment
of debt (11) (5,251) (26,115 ) (5,251) (26,115)
Income (loss) from
continuing operations
before income taxes 13,266 (7,348) 40,435 38,957

Income tax expense
(benefit ) (12) 6,208 (2,692) 19,451 12,626

Income (loss) from continuing
operations 7,058 (4,656) 20,984 26,331
Income (loss ) from
discontinued operations
(including minority interest
and goodwill impairment ),
net of income taxes (3,607) 310 (2,946) 1,418
Net income (loss) $3,451 $(4,346) $18,038 $27,749

Per share data - diluted:
Income (loss) from
continuing operations $0.3%
MISSISSIPPI
TOTAL $71,459 $17,336 24.7%

MISSOURI
KANSAS CITY $94,721 $18,267 19.3%
COLORADO
CENTRAL
STATION
(15) 515 542 -- -- 1,057 5.2 million in business interruption insurance proceeds . These hurricanes occurred in the
second fiscal quarter of 2005.8 million.
For the fiscal year ended April 24, 2005, corporate and other includes net
revenues of $24,624 and Adjusted EBITDA of ($874) for Pompano Park.6660
Rex Yeisley, Chief Financial Officer, 228.7031

"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding Isle of Capri Casinos's
business which are not historical facts are "forward -looking statements" that
involve risks and uncertainties.

wmoa potteries

2 million
compared to the prior fiscal year Adjusted EBITDA(1) of $249.3 million in fourth fiscal quarter 2004. The
company plans to spend approximately $119.3 million during the fourth fiscal quarter.7% 9,768 2,848 29.2% 14,960 5,264 35.7%

Isle of Capri Casinos, Inc.9%

COLORADO
BLACK HAWK (15) $104,974 $37,236 35.8%

LOUISIANA
BOSSIER
CITY 12,858 10,390 -- -- 23,248 11.5%

INTERNATIONAL
BLUE CHIP
(5) (16) (1,952) 213 247 -- (1,492) (24.1%
COLORADO
CENTRAL
STATION (15) 6,845 1,648 -- -- 8,493 16. through bankruptcy.1% and 32. This increase in effective rate over the
comparable prior fiscal periods is attributable to nondeductible permanent
items on earnings for the year, the impact of not benefiting a portion of its
current operating losses in the United Kingdom and an increase in applicable
state income taxes. During
the fourth fiscal quarter of 2005, the company recorded a valuation charge
totaling $4.
As a publicly held company, the company regularly files reports with the
Securities and Exchange Commission (the "SEC"). The company also owns a 57 percent interest in and
operates land-based casinos in Black Hawk (two casinos), Colorado.

orienteering potteries

The company
reported a loss from discontinued operations of $2.9 million for the same
period in fiscal 2004. On June 21, 2005, the Circuit
Court judge issued a decision in favor of pari-mutuel facilities. Isle-Marquette experienced increases in
both net revenues and Adjusted EBITDA(1) due to an increased response to
marketing programs. The sale of Colorado Grande was completed on April 25, 2005 and
fiscal 2004 and 2005 results have been reclassified to reflect the Colorado
Grande-Cripple Creek as discontinued operations.0%
LOUISIANA TOTAL $72,127 $15,796 21.1%

MISSOURI
KANSAS CITY $24,577 $4,749 19.0%
MISSOURI TOTAL $43,486 $10,370 23.6% 87,935 24,199 27.9%
MISSOURI
TOTAL $166,274 $38,990 23.8%
MISSOURI
TOTAL $7,336 $3,034 $-- $-- $10,370 16.0%

IOWA
BETTENDORF 26,840 7,423 -- -- 34,263 26.3%
MISSISSIPPI
TOTAL $44,075 $25,412 -- -- $69,487 16. Adjusted EBITDA
Margin is calculated by dividing Adjusted EBITDA by net revenues.

Three Months Ended Fiscal Year Ended
April 24, April 25, April 24, April 25,
2005 2004 2005 2004
(In thousands)

Adjusted EBITDA $62 ,444 $65,892 $224,176 $249,793
(Add)/deduct:
Depreciation and amortization 24,660 24,290 97,418 89,772
Other charges 238 -- 1,859 --
Preopening -- 243 247 2,293
Interest expense, net 18,658 20,559 73,473 82,584
Minority interest 371 2,033 5,493 10,072
Loss on early extinguishment
of debt 5,251 26,115 5,251 26,115
Income tax expense (benefit) 6,208 (2,692) 19,451 12,626
Loss (income) from discontinued
operations, net of taxes 3,607 (310) 2,946 (1,418)
Net income (loss ) $3,451 $(4,346) $18,038 $27,749

2. Such costs include legal and other
professional fees, application fees and personnel and travel costs. Louis, Missouri that the company had previously acquired.
13. These reports are required by
the Securities Exchange Act of 1934 and include:

* Annual Reports on Form 10-K;
* Quarterly Reports on Form 10-Q;
* Current Reports on Form 8-K; and
* All amendments to those reports. Its SEC filings are also available to the public on
the SEC's Internet site ( http://www. BILOXI, Miss.

potteries cannock

5 million compared to a net loss of
$4.3 million of the same quarter last year.0 million delayed draw term loan available until August
3, 2005, and an undrawn revolving credit line of $400. For the past approximately seven months, the gaming board
could take no action since there was no quorum.
* The company remains committed to its development project in the United
Kingdom to build a casino in Coventry; however, legislation enacted in April
2005 limits the number of regional casinos to one.

Operational Review of the Fourth Quarter Fiscal 2005 Compared to the
Fourth Quarter Fiscal 2004
In Mississippi, the company's four operations contributed 24% of its net
revenues.0
million of business interruption proceeds, which was included in Adjusted
EBITDA(1).22 $(0.5% 23,955 7,265 30.9% $74,317 $14,965 20.1% $6,500 $(1,885) (29.7%
LAKE CHARLES 172 ,081 40,506 23.1%
BOONVILLE 71,553 20,723 29.0%
COLORADO TOTAL $138,588 $39,700 28.6%)

CORPORATE +
OTHER (17) $26,234 $(36,596) N/M $34,106 $(23,729) N/M
TOTAL $1,111,608 $224,176 20.3%
IOWA
TOTAL $12,433 $4,793 $-- $-- $17,226 23.7%)
INTERNATIONAL
TOTAL $(2,496) $368 $243 $-- $(1,885) (38.2%
VICKSBURG 7,046 4,691 -- -- 11,737 12.9%

LOUISIANA
BOSSIER
CITY 10,617 8,942 -- -- 19,559 9.7%
IOWA
TOTAL $43,300 $19,598 $-- $-- $62,898 20.6 million and
$3.,
the chance of the company purchasing the license has diminished. Blue Chip includes Blue Chip-
Dudley's, Blue Chip-Wolverhampton 's and Blue Chip-Walsall's components of net
interest expense. Loss on early extinguishment of debt of $5.8% compared to 36. Forward-looking statements generally can be identified by the use
of forward -looking terminology such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe " or "continue" or the negative thereof or
variations thereon or similar terminology. 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.

This press release may be deemed to contain forward-looking statements,
which are subject to change .
Allan B. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those contained
in the forward-looking statements, see "Risk Factors" in the Company 's Annual
Report or Form 10-K for the most recently ended fiscal year.

centred mapped

0 million compared to
$27 .5 million investment in the
license.9% 44,641 9,812 22.7% $83,675 $20,004 23.8%

IOWA
BETTENDORF $100,283 $34,263 34.3% 42,560 8,493 20.6%) $9 ,401 $(2,122)(22.6%
DAVENPORT 2,413 2,013 -- -- 4,426 13.7%
MARQUETTE 1,979 729 -- -- 2,708 18.2%
BOONVILLE 14,332 6,391 -- -- 20,723 20.1%
COLORADO
TOTAL $39 ,954 $8,425 $-- $-- $48,379 26.0 million relate to the closing
of the Isle-Our Lucaya during Hurricane Frances and $0.0 million, respectively, compared to $0.5 million for the three months
and fiscal year ended April 25, 2004, respectively.
8.8 million and estimated fair
value, less estimated costs to sell, of $5. He is currently a gaming
commissioner for the St.

cannock wre

4 million in fiscal 2004.7 million compared to $290. The cost of the company's portion of this project will be
approximately $45.
The project is expected to be completed in late spring of 2006 at a cost of
approximately $17.
* The company sold an option that it had previously acquired related to
the purchase of real estate in St.9%
NATCHEZ 35,836 9,119 25.3% $110 ,495 $19,559 17.3% $93,228 $17,791 19.4%
COLORADO
CENTRAL
STATION (15) 351 901 -- -- 1,252 3.1%

COLORADO
BLACK
HAWK (15) 30,065 7,171 -- -- 37,236 28.9%)

CORPORATE +
OTHER (17) $(40,842) $2,387 $-- $1,859 $(36,596) N/M
TOTAL $124,652 $97,418 $247 $1,859 $224,176 11.6 million and $7.3 million for the three months and fiscal year ended April 25, 2004,
respectively, and other domestic development expenses of $0.4 million for the three months and fiscal year ended April 24, 2005,
respectively, compared to $1. Depreciation and amortization expense for the fiscal year ended April
24, 2005 includes a one-time $2. Minority interest represents unrelated third parties' portions of the
Isle-Black Hawk's income before income taxes, Blue Chip Casinos, PLC's net
income and Colorado Central Station-Black Hawk's net income.

0 million 8 3/4 percent
Senior Subordinated Notes on March 3, 2004. The company's effective tax rate from continuing operations for the
quarter ended April 24, 2005 was 46.6% for the quarter ended
April 25, 2004, which, in each case, excludes an unrelated party's portion of
the Colorado Central Station -Black Hawk's income taxes.4% for the
fiscal years ended April 24, 2005 and April 25, 2004, respectively , which, in
each case, excludes an unrelated party's portion of the Colorado Central
Station-Black Hawk's income taxes. Fiscal 2004 and 2005 results have been
reclassified to reflect the Colorado Grande-Cripple Creek as discontinued
operations. The
following table shows management fees and Adjusted EBITDA inclusive of
management fees for the three months and fiscal years ended April 24 , 2005 and
April 25, 2004:

Three Months Ended Fiscal Year Ended
April 24, April 25, April 24, April 25,
2005 2004 2005 2004
(In thousands)
Management Fees
Isle - Black Hawk $1,291 $1,245 $4,974 $4,889
Colorado Central
Station 369 339 1,103 1,902

Adjusted EBITDA with
Management Fees
Isle - Black Hawk 8,381 8,222 32,262 34,997
Colorado Central
Station 883 718 1,361 6,591

16.C. 20546. Regis Mohawk Tribal Gaming Commission and is a member
of the faculty of the National Judicial College.

Isle of Capri Casinos, Inc.

moorlands chig

Isle of Capri Casinos Inc. Announces Full Year and Fourth Quarter Results

, Isle of Capri Casinos,
Inc. Louis, Missouri; and accordingly, recorded
a gain of $2.2%
COLORADO TOTAL $38,340 $10,924 28. As a result of the Illinois ' gaming board's
proceedings to rescind the license previously granted to Emerald Casino Inc. The company's
effective tax rate from continuing operations was 48.0 million related to the impairment of goodwill for the Colorado
Grande-Cripple Creek property representing the difference between the Colorado
Grande-Cripple Creek's carrying value of $9. The
following table reflects the results of discontinued operations for Colorado
Grande-Cripple Creek:

Three Months Ended Fiscal Year Ended
April 24, April 25, April 24, April 25,
2005 2004 2005 2004
(In thousands)
Add(deduct):
Income before impairment loss $275 $352 $827 $1,629
Impairment loss (3,959) -- (3,959) --
Income taxes (expense)
benefit 77 (42) 186 (211)
Income (loss) from discontinued
operations, net of tax $(3,607) $310 $(2,946) $1,418

14.
You may read and copy the reports, statements and other information the
company files with the SEC at the SEC's public reference room at 450 Fifth
Street, N., Washington, D.

cannock scoa

4 million compared to $65.0 million senior secured credit facility. The company plans to close the existing
casino for approximately two weeks between Thanksgiving and Christmas of 2005
while it moves the new facility into place. Upon completion at these casinos, the company
will rollout the system at the Isle-Lula , the Isle-Natchez and one other
location yet to be determined.0 million. Isle-Boonville continues to show increases
in net revenue and Adjusted EBITDA(1) as it penetrates its market more deeply.

Isle-Bettendorf
increased Adjusted EBITDA(1) due primarily to labor related cost controls.15) $0.7%

LOUISIANA
BOSSIER CITY $28,013 $5,271 18.3%
IOWA TOTAL $53,837 $16,623 30.9%
MARQUETTE 42,018 10,695 25.3%

IOWA
BETTENDORF 7,353 1,774 -- -- 9,127 28.9%)
COLORADO
TOTAL $29,764 $9,936 -- -- $39,700 21.2%
LULA 14 ,322 9,877 -- -- 24,199 16. EBITDA is "earnings before interest, income taxes , depreciation and
amortization.
4. For the fiscal year ended April 24, 2005, the company recorded a
valuation charge of $1.
17. 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 .com .
DuCharme holds a bachelor's degree in criminal justice from the University
of Nevada , Las Vegas, and is also a graduate of the Southern Police Institute
at the University of Louisville in Kentucky. The company also owns and operates
Pompano Park Harness Racing Track in Pompano Beach , Florida.

deeside epping

Net
income for the fiscal year ended April 24, 2005 was $18.7 million for the prior fiscal year.
* The company expects to complete the new 400-room hotel expansion at the
Isle-Biloxi by mid-summer and expects to open a spa in early fall of 2005.0 million
construction and renovation project currently underway. The
covenants associated with the credit facility provide more flexibility as the
company continues to pursue its development goals. The company and the other Broward county pari-mutuels filed a
lawsuit seeking authority to proceed with the development of slot machine
facilities without the enabling legislation. Isle-Natchez experienced an increase in net
revenues and Adjusted EBITDA(1) driven by increased marketing efforts in its
outer markets. The new 162-
room Colorado Central Station hotel is currently ahead of schedule and
expected to be completed by end of calendar year.3% $25,607 $5,178 20.0%)

CORPORATE +
OTHER (17) $8,889 $(11 ,970) N/M $8,555 $(6,561) N/M
TOTAL $299,690 $62,444 20.4%
VICKSBURG 54,684 11,737 21.5%
MISSISSIPPI
TOTAL $256,313 $57,750 22.5% $260,912 $69,487 26.8%
INTERNATIONAL
TOTAL $2,924 $441 $-- $-- $3,365 25.3%

CORPORATE +
OTHER (17) $(12,909) $701 $-- $238 $(11,970) N/M
TOTAL $37,546 $24,660 $-- $238 $62,444 12.0%
MISSOURI
TOTAL $7,103 $3,626 $-- $-- $10,729 16.9%
COLORADO
TOTAL $8,298 $2,226 $-- $-- $10,524 24.6%
LAKE
CHARLES 27,076 11,453 -- -- 38,529 16. Management uses property level Adjusted EBITDA (Adjusted EBITDA
before corporate expense ) as the primary measure of the company's operating
properties' performance, including the evaluation of operating personnel.8 million and
$2.
9. These charges
include the write-off of debt acquisition costs. Loss on early extinguishment
of debt of $26. Fiscal 2004 and 2005 results have been reclassified to
reflect the Colorado Grande-Cripple Creek as discontinued operations. 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., a leading developer and owner of gaming and
entertainment facilities, operates 15 casinos in 13 locations.

wrekin harlequins

8 million.

"We are coming close to completing most of the expansion projects at our
core properties.

0 million on constructing a 35,000
square foot single level casino with 1,300 gaming positions, three of its
signature restaurants, a 200-room hotel and 1,000 parking spaces. The proposal is expected
to be submitted in early calendar 2006.
In Iowa, the company's three casinos contributed 18 % of its net revenues.68 $0.2% $100,363 $33,337 33.6% $210,486 $62,898 29.2%)
OUR LUCAYA
(2)(5) 3,449 389 -- -- 3,838 36.5%
LAKE
CHARLES 6,592 3,220 -- -- 9,812 14.9%)
INTERNATIONAL
TOTAL $(4,013) $1,701 $247 -- $(2,065) (12.
6.5 million investment in the license in
Rosemont, Illinois that the company intended to purchase from Emerald Casino
Inc . Isle of
Capri's international gaming interests include a casino that it operates in
Freeport , Grand Bahamas, and a two-thirds ownership interest in casinos in
Dudley, Wolverhampton and Walsall , England. The company also owns and operates
Pompano Park Harness Racing Track in Pompano Beach, Florida.
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 most recently
ended fiscal year.

orienteers moorlands

The company now has a term loan of $250.3 million . Broward county voters passed their local referendum and
Dade county voters rejected their referendum in March 2005. Completion is expected in
spring 2006.8%)
OUR LUCAYA (2) (5) 9,381 3,838 40.8% $290,859 $65,892 22.5%
COLORADO CENTRAL
STATION (15) 33,614 2,464 7.5%

LOUISIANA
BOSSIER
CITY 2,212 2,941 -- -- 5,153 7.8%
DAVENPORT 3,852 2,215 -- -- 6 ,067 21.9%
LULA 10,130 10,943 -- -- 21,073 11.0%
LOUISIANA
TOTAL $37,693 $20,395 -- -- $58,088 13.1 million for the fiscal quarter and year ended April 25, 2004,
relates to the refinancing of the company's $390 .
15. For the three months ended April 24, 2005, corporate and other
includes net revenues of $8,702 and Adjusted EBITDA of $204 for Pompano Park. (Nasdaq: ISLE) Compliance
Committee. "Steve 's wisdom and knowledge in gaming will
complement the experienced team already in place.

CONTACTS:
Isle of Capri Casinos, Inc.

cannock deeside

The company
also recorded a valuation charge related to the Rosemont, Illinois license and
a gain for selling an option in St.0 million
with an additional $50. Construction has now
resumed on the extension of Main Street to Colorado Route 119, which was
temporarily delayed due to engineering problems.0%
MARQUETTE 10,960 2 ,708 24.
Comparative Financial Highlights by Casino Property
(In thousands)

Fiscal Year Ended
April 24, April 25,
2005 2004
Adjusted Adjusted
EBITDA EBITDA
Net Adjusted Margin Net Adjusted Margin
Revenues EBITDA % Revenues EBITDA %
(14) (1) (1) (14) (1) (1)

MISSISSIPPI
BILOXI (2) $80,252 $15,821 19.7%
LOUISIANA
TOTAL $281,434 $63,754 22.6%

Isle of Capri Casinos, Inc.6%
MARQUETTE 1,228 804 -- -- 2,032 12.8%
BOONVILLE 12,791 6,210 -- -- 19 ,001 18.9%
DAVENPORT 9,910 9,055 -- -- 18,965 14.

moorlands orienteers

82 $1 .

Timothy Hinkley, Isle of Capri Casinos, Inc. The company expects to have the new hotel completed and
opened by mid-summer 2005. Adjusted EBITDA(1)
was also negatively impacted by a 2% increase in the Iowa gaming tax rates,
which became effective July 1, 2004. Net revenues and Adjusted EBITDA(1) for these properties
increased despite the continued construction during the quarter .8% $29,676 $5,153 17.2%
DAVENPORT 69,349 17,685 25.5% 68,072 18 ,965 27.5% $106,356 $39,886 37.9%
LULA 4,975 2,266 -- -- 7,241 20.8%
LOUISIANA
TOTAL $8,804 $6,161 $-- $-- $14,965 11.8%

MISSOURI
KANSAS
CITY 3,174 2,004 -- -- 5,178 12.4%)

CORPORATE +
OTHER (17) $(7,164) $603 $-- $-- $(6,561) N/M
TOTAL $41,359 $24,290 $243 $-- $65 ,892 14.2%

MISSOURI
KANSAS
CITY 10,644 7,623 -- -- 18,267 11.2%

Fiscal Year Ended April 25, 2004

Depreciation
Operating + Other Adjusted Operating
Income Amortization Preopening Charges EBITDA Income
(Loss) (5) (7) (1) Margin% (1)

MISSISSIPPI
BILOXI $12,075 $7,929 -- -- $20,004 14.5%

MISSOURI
KANSAS
CITY 10,971 6,820 -- -- 17,791 11.9%)
OUR LUCAYA
(5) (4,694) 496 2,049 -- (2,149 ) (62. generally
accepted accounting principles (GAAP). The company has significant uses of
cash flows, including capital expenditures, interest payments, taxes and debt
principal repayments, which are not reflected in Adjusted EBITDA. A
reconciliation of Adjusted EBITDA with the company's net income (loss) is
shown below. New
development expenses for the fiscal quarter and year ended April 24, 2005
include $1. Please call
the SEC at 1-800-SEC-0330 for further information on the operation of the
public reference rooms.

orienteers scoa

3 million or $0.
* Isle-Boonville has begun construction on the previously announced 140-
room hotel, which will include 20 suites and a 6,000 square foot event center. The company began the
rollout of this system at the Colorado Central Station-Black Hawk, the Isle-
Biloxi and the Isle-Vicksburg. The company incurred a
pre-tax loss from early extinguishment of debt of $5.
The Isle has obtained all necessary gaming licenses to open a casino at the
RICOH(TM) Arena Coventry in the summer of 2006 under the Gaming Act of 1968. Isle-Biloxi 's net revenues were up minimally and Adjusted EBITDA(1)
decreased due to increased land rent and additional maintenance during the
construction period.
In Missouri, the company's two properties contributed 15% of its net
revenues.
In the Quad Cities, both properties experienced a slight decrease in net
revenues related to increased marketing redemptions.15) $0.10) 0.6%)
INTERNATIONAL
TOTAL $11,552 $3,365 29.5%
OUR LUCAYA
(2) (5) 23,259 (573) (2.7%
NATCHEZ 2,073 775 -- -- 2,848 21.6%

COLORADO
BLACK
HAWK (15) 33,109 6,777 -- -- 39,886 31.3%

1.
Adjusted EBITDA should not be construed as an alternative to operating income
as an indicator of the company's operating performance, as an alternative to
cash flows from operating activities as a measure of liquidity or as an
alternative to any other measure determined in accordance with U. With the formation and implementation of its wholly owned captive
insurance company, the current excess of claims over premiums is borne by the
captive insurance company whose operations are reported as a corporate expense
as opposed to property expenses.3 million gain on sale of an option to purchase real estate in
St. Isle of Capri Casinos , Inc.

Isle of Capri Casinos, Inc.

The company's Internet website is http://www .W.

wre epping

The company reported a loss from
discontinued operations of $3.39

Adjusted weighted average
common shares, assuming
dilution 31,391 31,150 30,930 30,841

Highlights

* The company signed a development agreement with the City of Bettendorf
pursuant to which the company will construct a new 250-room Isle hotel ,
additional parking, a Kitt's Kitchen restaurant, expansion of the existing
buffet, and the City will construct a 50,000 square foot convention center
adjacent to the company's facility that will be managed by the Isle-
Bettendorf. This may be increased.0 million due to the
company's continuing development efforts in the United Kingdom, Florida, and
Singapore.
Comparative Financial Highlights by Casino Property
(In thousands)

Three Months Ended
April 24, April 25,
2005 2004
Adjusted Adjusted
EBITDA EBITDA
Net Adjusted Margin Net Adjusted Margin
Revenues EBITDA % Revenues EBITDA %
(14) (1) (1) (14) (1) (1)

MISSISSIPPI
BILOXI (2) $21,814 $4,518 20.7% 17,884 5,551 31.8% $43,491 $10,729 24.7%

IOWA
BETTENDORF $25,273 $9,489 37.7% 9,995 2,032 20 .7% $280,176 $58,088 20.9%
LAKE
CHARLES 6,991 3,534 -- -- 10,525 15.8%
LOUISIANA
TOTAL $9,753 $6,043 -- -- $15,796 13.4%
BOONVILLE 3,929 1,622 -- -- 5,551 22.2 %

Isle of Capri Casinos, Inc.8%
MARQUETTE 7,602 3 ,093 -- -- 10,695 18. Corporate expenses for the fiscal year ended
April 25 , 2004 include a $2. These charges include early
payment premiums as well as the write-off of debt acquisition costs. Fiscal 2004 and 2005 results have been reclassified
to reflect the Colorado Grande -Cripple Creek as discontinued operations. Solomon, Executive Vice President, 561.

harlequins orienteers

For the fiscal year 2005, the company
reported income from continuing operations of $21.7 million or $0.
chairman and chief executive officer, said. In mid-June,
additional parking, a new Kitt's Kitchen restaurant and the sky bridges
connecting the Isle-Black Hawk and the Colorado Central Station-Black Hawk
also were completed. We are looking forward to
taking advantage of our newly expanded and enhanced product offerings in the
coming year. However,
the regulation and timing of installation and operation of the slot machines
has not been finally determined.
The company believes it is well positioned to develop a regional casino in
Coventry should it be awarded the one regional casino license. Isle -Vicksburg showed a decline in net revenues due to
competitive pressures and Adjusted EBITDA(1) primarily due to increased
marketing and employee benefit costs.
Our international operations account for a small percentage of our
overall revenues.
New development expense increased approximately $3.4%
LAKE CHARLES 44,114 10,525 23.1% $25,655 $9,467 36.6% 8,657 1 ,057 12.6%

LOUISIANA
BOSSIER
CITY 2,762 2,509 - - -- 5,271 9.2%

INTERNATIONAL
BLUE CHIP
(5) (16) (530 ) 28 244 -- (258) (53. Fiscal 2004
and 2005 results have been reclassified to reflect the Colorado Grande-Cripple
Creek as discontinued operations. Preopening expenses for the fiscal year ended April 24, 2005 relate to
the September 2004 opening of the Blue Chip-Walsall pub-style casino. 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.396.

wmoa chigwell

6 million primarily related to the goodwill
impairment recorded in the fourth fiscal quarter related to the sale of the
Colorado Grande-Cripple Creek, which was completed on April 25, 2005, as
compared to income of $0. Net revenues for the fourth
fiscal quarter were $299. After implementation, these properties will
feature the NexGen(TM) Interactive Display, supporting loyalty-building
Bonusing(TM) tools, which will allow the company to enhance its uniquely
branded marketing programs. One of the first acts by the
new gaming board was to authorize the reinstatement of the proceeding to
revoke the license previously granted to Emerald Casino Inc.
In Louisiana, the company's two properties contributed 24% of its net
revenues.8 million charge to increase the annual operating lease expense because
of a change in the recognition of long term lease costs.
In Colorado, the company's two casino operations contributed 13% of its
net revenues.

Isle of Capri Casinos, Inc .5% $34,312 $10,524 30.7%

INTERNATIONAL
BLUE CHIP (5) (16) $2,171 $(473 )(21.4% $161,445 $36,792 22.0%) $1,861 $27 1.2%
MISSISSIPPI
TOTAL $10,452 $6,884 $-- $-- $17,336 14.1%
IOWA
TOTAL $11 ,862 $4,761 $-- $-- $16,623 22.5%
COLORADO
TOTAL $8,128 $2,796 $-- $-- $10,924 21.2%
VICKSBURG 4,057 1,207 - - -- 5,264 27.
Reconciliation of Operating Income (Loss) to Adjusted
EBITDA by Casino Property
(In thousands )
Fiscal Year Ended April 24, 2005

Depreciation
Operating + Other Adjusted Operating
Income Amortization Preopening Charges EBITDA Income
(Loss) (5) (7) (1) Margin% (1)

MISSISSIPPI
BILOXI (2) $7,164 $8,657 $-- $-- $15,821 8.8%
MISSOURI
TOTAL $23,762 $13,030 -- -- $36,792 14.3%)
INTERNATIONAL
TOTAL $(4,953) $538 $2,293 $-- $(2,122) (52.
3. New development expenses include incremental costs incurred pursuing
new opportunities within the industry. For the fiscal quarter and year ended April 24, 2005, the company
recorded a $2. The company
recorded a valuation charge for its $2.6 million related to previously capitalized fixed
assets for certain projects as a result of adverse changes to gaming
legislation in the United Kingdom.
11.3 million for the fiscal
quarter and year ended April 24, 2005 relates to the refinancing of the
company's senior secured credit facility on February 4, 2005. On April 25, 2005, the
sale was consummated. acquired a two-thirds interest in Blue
Chip Casinos, PLC on November 28, 2003. You can request copies of these
documents by writing to the SEC but must pay photocopying fees. 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, permits, weather, competition and business conditions in the
gaming industry. The committee is responsible for overseeing compliance with all
gaming regulations governing the company . He has also served on
compliance committees for other multi-jurisdictional gaming operators.

octavian deeside

(Nasdaq: ISLE) today reported financial results for the fiscal year and
fourth quarter ended April 24, 2005 . Net revenues for both fiscal years
were $1.
* The company has been selected by the Iowa Racing and Gaming Commission
as the successful applicant for a gaming license in Waterloo, Iowa.

president and chief operating
officer, said: "This past quarter we continued to stay focused on our long
term goals of enhancing and expanding our core properties and delivering to
our customers a state-of-the-art gaming experience."

Updates

* In November 2004, voters in the State of Florida voted to amend the
state's constitution to allow the voters of Miami-Dade and Broward counties
(Broward County is the location of the Pompano Park Racetrack) to decide
whether to approve slot machines in racetracks and jai alai frontons in their
respective counties. Due to the
continuing uncertainty with respect to this matter, the company recorded a
valuation charge for the full amount of its $2.7% $21,576 $5,517 25.6%
NATCHEZ 10,438 3,202 30.6%

LOUISIANA
BOSSIER CITY $109,353 $23,248 21.5% 169,681 38,529 22.5% 42 ,051 10,596 25.6% $148,916 $48,379 32.5%

INTERNATIONAL
BLUE CHIP
(5) (16) $7,856 $(1,492)(19.5%

Three Months Ended April 25, 2004
Depreciation
Operating + Other Adjusted Operating
Income Amortization Preopening Charges EBITDA Income
(Loss) (5) (6) (1) Margin% (1)
MISSISSIPPI
BILOXI $3,383 $2,134 $-- $-- $5,517 15.8%
MISSISSIPPI
TOTAL $30,163 $27,587 $-- $-- $57,750 11.4%
NATCHEZ 5,931 2,672 -- -- 8,603 17.5%
VICKSBURG 11,747 4,934 -- -- 16,681 21. Adjusted EBITDA is presented solely as a supplemental disclosure
because management believes that it is 1) a widely used measure of operating
performance in the gaming industry and 2) a principal basis of valuing gaming
companies., a leading developer and owner of gaming and
entertainment facilities, operates 15 casinos in 13 locations.gov ). He served as a member of the Nevada State Gaming Control
Board for 10 years, including two years as chair.

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.396.

orienteering chigwell

Adjusted EBITDA(1) in fiscal 2005 was $224. Adjusted EBITDA(1) for the fourth fiscal quarter was
$62.
During the fourth fiscal quarter and year ended April 24, 2005, the
company incurred a loss on early extinguishment of debt in connection with the
refinancing of its $500. Louis, Missouri as well as preopening
expenses related to the Blue Chip-Walsall property opening.
* In May 2005, the company signed an agreement with resort developer
Eighth Wonder to manage the casino and related operations included in Eighth
Wonder's proposal for a new integrated resort complex in Singapore should
Eighth Wonder be selected to develop such complex.
* Both the Isle-Black Hawk's and the Colorado Central Station-Black Hawk's
casino expansions opened this quarter marking a milestone in the $94. Isle-Our Lucaya experienced an increase in net revenues and
Adjusted EBITDA(1) due to a strong peak season and the recording of $2.05
Net income (loss) $0.2%
LULA 24,568 7,241 29.2%
BOONVILLE 18,909 5,621 29.7%
DAVENPORT 17,604 4,426 25.2%

COLORADO
BLACK HAWK (15) $28,369 $9,672 34.2%
IOWA TOTAL $211,650 $62,643 29.6%
BOONVILLE 4,496 1,125 -- -- 5,621 23.0%

COLORADO
BLACK
HAWK (15) 7,777 1,895 -- -- 9,672 27.2 million and $4.
5.
7.9 million depreciation adjustment related to a
misclassification of certain land improvements resulting from the conversion
of the company 's manual system to a computerized asset-tracking system in
fiscal 2002. For the
three months ended April 25, 2004, corporate and other includes net revenues
of $8,518 and Adjusted EBITDA of $128 for Pompano Park and Adjusted EBITDA of
($24) for the Lady Luck-Las Vegas. The company also owns a 57 percent interest in and
operates land-based casinos in Black Hawk (2 casinos), Colorado .