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November 30, 2009

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Earnings rise in third quarter

Friday, Nov. 16, 2001 | 10:14 a.m.

Isle of Capri Casinos Inc., the owner of downtown Las Vegas' Lady Luck hotel-casino, posted increases in net income, cash flow and revenues for the quarter ending Oct. 28.

Isle of Capri reported net income of $10.4 million, or 35 cents per share, for the quarter. That compares to net income of $9.6 million, or 30 cents per share, for the year-ago period.

Revenues rose 11 percent to $260.5 million, while cash flow increased 2 percent to $58.9 million.

The Isle portfolio of casinos posted mixed results during the quarter -- cash flow increases were posted at Isle's casinos in Kansas City, Mo., Bettendorf, Iowa, and Black Hawk, Colo., while results were down at Bossier City, La., Vicksburg, Miss., and Natchez, Miss.

The Lady Luck continued its disappointing performance in the quarter, reporting negative cash flow of $751,000. Revenues at the Lady Luck were down 17 percent.

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