Isle of Capri Completes Purchase

Remaining Interest in Colorado Casinos

. October 14, 2008

JANUARY 28, 2008. Isle of Capri Casinos, Inc. (Nasdaq: ISLE) announced today that the Company has completed the acquisition of the 43% interest in Isle of Capri-Black Hawk LLC ("Black Hawk") previously owned by an affiliate of Nevada Gold & Casinos, Inc.

Isle of Capri Casinos, Inc. previously owned 57% of Isle of Capri-Black Hawk LLC and completed the transaction at the previously announced purchase price of $64.6 million. Through Isle of Capri-Black Hawk, LLC., the Company operates Isle of Capri-Black Hawk and Colorado Central Station, both of which are in Black Hawk, Colorado.

Isle of Capri Casinos, Inc., founded in 1992, is dedicated to providing its customers with an exceptional gaming and entertainment experience at each of its 18 casino properties. The Company owns and operates casinos in Biloxi, Lula and Natchez, Mississippi; Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and Waterloo, Iowa; Boonville, Caruthersville and Kansas City, Missouri; two casinos in Black Hawk, Colo. and a casino and harness track in Pompano Beach, Florida. Isle of Capri Casinos' international gaming interests include a casino that it operates in Freeport, Grand Bahama, a casino in Coventry, England, and a two-thirds ownership interest in casinos in Dudley and Wolverhampton, England.

There are four Isle of Capri Casinos brands including "the isle," Isle of Capri, Colorado Central Station and Rhythm City, providing over 16,000 slot machines, 550 table games and 3000 hotel rooms for our guests' enjoyment.

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