June 11, 2010 (FinancialWire) — Isle of Capri Casinos, Inc. (NASDAQ: ISLE) has closed its acquisition of Rainbow Casino in Vicksburg, Miss. from Bally Technologies, Inc. (NYSE: BYI).

Under the terms of the agreement, Isle of Capri Casinos paid Bally Technologies $80 million in an all-cash transaction.

James B. Perry, chairman and chief executive officer of Isle of Capri, said, "This transaction expands our presence in Mississippi and returns Isle to the Vicksburg market."

Missouri-based Isle of Capri Casinos has 15 casino properties. The company owns and operates casinos domestically in Biloxi, Lula, Natchez and Vicksburg, Mississippi; Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and Waterloo, Iowa; Boonville, Caruthersville and Kansas City, Missouri; two casinos in Black Hawk, Colorado; and a casino and harness track in Pompano Beach, Florida.

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