Isle of Capri Casinos Prices Private Offering of $350M Aggregate Principal Amount of 8.875% Senior Subordinated Notes due 2020

Isle of Capri Casinos, Inc.

announced today the pricing of $350 million in aggregate principal amount of 8.875% Senior Subordinated Notes due 2020. The 2020 Notes will be issued at par. The offering is scheduled to close on August 7, 2012, subject to customary closing conditions. The 2020 Notes will be fully and unconditionally guaranteed on an unsecured senior subordinated basis, jointly and severally, by each of the Company's domestic subsidiaries that guarantee the Company's senior secured credit facility. The 2020 Notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons outside of the United States in compliance with Regulation S of the Securities Act. The Company intends to use the net proceeds from this offering, together with cash on hand, to fund (i) the purchase and making of consent payments with respect to the Company's 7% Senior Subordinated Notes due 2014 pursuant to the Company's tender offer and consent solicitation, commenced today, (ii) the redemption of any and all 2014 Notes that remain outstanding following consummation of such tender offer and (iii) the payment of related fees and expenses. Any remaining proceeds will be used for general corporate purposes.