Isle of Capri (ISLE) Agrees to Extended Offer for Lake Charles Option

Isle of Capri Casinos, Inc. (NASDAQ: ISLE) announced today that, with respect to the transaction involving Isle's smaller riverboat in Lake Charles, Louisiana, Isle has agreed with Bossier Casino Venture LLC (formerly known as Paradise Casino LLC) to extend the period of time for Bossier Casino Venture to exercise the option from January 31, 2012 until February 25, 2012, and extend the deadline for closing the transaction from January 31, 2012 to February 29, 2012.

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