Isle of Capri Casinos Commences Tender Offer and Consent Solicitation for Outstanding 7% Senior Subordinated Notes due 2014

Isle of Capri Casinos, Inc.

announced today that it has commenced a cash tender offer for any and all of its outstanding 7% Senior Subordinated Notes due 2014. The Tender Offer is being conducted upon the terms and conditions set forth in an Offer to Purchase and Consent Solicitation Statement dated July 24, 2012 and the related letter of transmittal. In conjunction with the Tender Offer, the Company is soliciting consents from holders of the 2014 Notes to eliminate most of the restrictive covenants and events of default in the related indenture. Holders who validly tender 2014 Notes on or prior to 5:00 p.m., New York City time, on August 6, 2012, will be eligible to receive $1,003 per $1,000 principal amount of 2014 Notes tendered, which includes a consent payment of $20 and the tender offer consideration of $983, on the initial settlement date, which will occur promptly following the Consent Expiration Time and is expected to be August 7, 2012. Holders who validly tender 2014 Notes after the Consent Expiration Time and prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration, but not the Consent Payment, on the final settlement date, which will occur promptly following the Expiration Time and is expected to be August 22, 2012.