The first Isle of Capri location to host a Wayne Newton Theater complex will be the new Isle of Capri Casino in Tunica, Mississippi. The joint venture plans to operate two theaters at this location with combined seating for over 2,000 people and a separate performers residence. The theaters will bring a blend of headliner acts, longer running review shows and national touring productions. The Isle of Capri Casino -- Tunica is the original Harrah's casino facility which will be renovated and carry the Isle's Caribbean-themed brand which is readily recognized throughout the South and fast becoming so in Black Hawk, Colorado with the Company's latest casino opening in December 1998.

"Isle of Capri Casinos, Inc. is excited to finalize this agreement with Wayne Newton. His name in the entertainment world says it all. There isn't a bigger name in gaming entertainment than Wayne Newton. And with his help we will define what "Isle Style" entertainment is to our customers," stated John M. Gallaway, President and Chief Operating Officer.

"In the past, it has always been a great pleasure working with the people who run and own the Isle of Capri Casinos, and now it is even more exciting to know that as a joint venture, we can bring our individual expertise to a project that will benefit the public, the cities in which they exist and the overall company." Said Wayne Newton, "I can't tell you how excited I am about this project."

Bernard Goldstein, Chairman of the Board and Chief Executive Officer, said, "We are proud that Wayne Newton has chosen the Isle of Capri to be partners in developing these state of the art theaters. With the first two theaters being built at our new Tunica facility, we will raise the level of professional entertainment in Tunica, and the Mid-South."

Isle of Capri Casinos, Inc. also owns and operates five riverboat, dockside and land-based casinos at four locations, including the Isle of Capri Casino, Crowne Plaza Resort in Biloxi, Mississippi; the Isle of Capri Casino in Vicksburg, Mississippi; the Isle of Capri Casino Hotel in Bossier City, Louisiana; two riverboats operating as the Isle of Capri Casino in Lake Charles, Louisiana, and the Isle of Capri Casino in Black Hawk, Colorado. The Company also operates Pompano Park Harness Racing Track in Pompano Beach, Florida and through a joint venture, the Enchanted Capri cruise ship sailing from New Orleans, Louisiana.

This press release may be deemed to contain forward-looking statements which are subject to change. 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, permits, competition and business conditions in the gaming industry. 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 fiscal year ended April 26, 1998.