<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. ___)
Isle of Capri Casinos, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
147575104
- --------------------------------------------------------------------------------
(CUSIP Number)
Paul W. Theiss
Mayer, Brown & Platt
190 South LaSalle Street
Chicago, Illinois 60603
(312) 782-0600
___________________________________________________________________
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
March 2, 2000
___________________________________________________________________
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_]
(Continued on following pages)
(Page 1 of 18 Pages)
<PAGE>
Page 2 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
BERNARD GOLDSTEIN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 3,427,976
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 277,976 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
7,556,451 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
7,834,427 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
25.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
- ------------------------------------------------------------------------------
<PAGE>
Page 3 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
IRENE S. GOLDSTEIN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,575,000 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,575,000 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,575,000 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
- ------------------------------------------------------------------------------
<PAGE>
Page 4 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
JEFFREY D. GOLDSTEIN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,137,455 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,137,455 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,575,000 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,712,455 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
9.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
- ------------------------------------------------------------------------------
<PAGE>
Page 5 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
RICHARD A. GOLDSTEIN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,026,655 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,026,655 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,575,000 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,601,655 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
8.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
- ------------------------------------------------------------------------------
<PAGE>
Page 6 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
ROBERT S. GOLDSTEIN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 5,669,520 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 2,691,895 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
2,977,625 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,669,520 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
18.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
- ------------------------------------------------------------------------------
<PAGE>
Page 7 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
JEFFREY D. GOLDSTEIN TRUST U/A March 2, 2000
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Iowa
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,575,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,575,000 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,575,000 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
00
- ------------------------------------------------------------------------------
<PAGE>
Page 8 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
RICHARD A. GOLDSTEIN TRUST U/A March 2, 2000
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Iowa
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,575,000 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,575,000 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,575,000 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
OO
- ------------------------------------------------------------------------------
<PAGE>
Page 9 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
BERNARD GOLDSTEIN 1999 IRREVOCABLE TRUST
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Missouri
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 2,977,625
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 2,977,625
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,977,625 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
9.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
OO
- ------------------------------------------------------------------------------
<PAGE>
Page 10 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
VALLEY CORPORATION
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
IOWA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,428,826
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,428,826
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,428,826 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
CO
- ------------------------------------------------------------------------------
<PAGE>
Page 11 of 18 Pages
CUSIP NO.: 147575104 Schedule 13D
-----------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
KATHY GOLDSTEIN
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 303,750
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 303,750
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
303,750 shares
- ------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions)
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.01%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
- ------------------------------------------------------------------------------
<PAGE>
Page 12 of 18 Pages
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the common stock, par value $.01 per share
(the "Isle of Capri Common Stock"), of Isle of Capri Casinos, Inc., a Delaware
corporation ("Isle of Capri" or the "Issuer"). Isle of Capri's principal
executive offices are located at 1641 Popps Ferry Road, Biloxi, Mississippi
39532.
ITEM 2. IDENTITY AND BACKGROUND
This Schedule 13D is being filed by Bernard Goldstein, Irene S. Goldstein,
Jeffrey D. Goldstein, Richard A. Goldstein, Robert S. Goldstein, the Jeffrey D.
Goldstein Trust dated as of March 2, 2000 for the benefit of Jeffrey D.
Goldstein (the "Jeffrey D. Goldstein Trust"), the Richard A. Goldstein Trust
dated as of March 2, 2000 for the benefit of Richard A. Goldstein (the "Richard
A. Goldstein Trust"), the Bernard Goldstein 1999 Irrevocable Trust for the
benefit of Bernard Goldstein (the "Bernard Goldstein Trust"), Valley Corporation
and Kathy Goldstein. Each of the persons filing this Schedule 13D disclaims
membership in a group.
(a) - (c) Bernard Goldstein is the Chairman and Chief Executive Officer
of Isle of Capri. Isle of Capri's principal business is the
development, ownership and operation of branded gaming and
related lodging and entertainment facilities in the United
States. Bernard Goldstein's business address is Isle of Capri,
2200 Corporate Boulevard N.W., Suite 310, Boca Raton, Florida
33431.
Irene S. Goldstein is the wife of Bernard Goldstein and is not
presently employed. Mrs. Goldstein's address is c/o Isle of
Capri, 2200 Corporate Boulevard N.W., Suite 310, Boca Raton,
Florida 33431.
Jeffrey D. Goldstein is the son of Bernard Goldstein and
President of Alter Barge Line, Inc. whose principal business
is the transportation of commodities on the inland waterways.
Jeffrey D. Goldstein's business address is 2117 State Street,
Suite 300, Bettendorf, Iowa 52722. Alter Barge Line, Inc. has
no ownership of securities of Isle of Capri.
Richard A. Goldstein is the son of Bernard Goldstein and Vice
President of Alter Trading Corporation, whose principal
business is scrap metal recycling. Richard A. Goldstein's
business address is 555 North New Ballas Road, Suite 150, St.
Louis, Missouri 63141. Alter Trading Corporation has no
ownership of securities of Isle of Capri.
Robert S. Goldstein is the son of Bernard Goldstein and a
Director of Isle of Capri. Robert Goldstein is also President
of Alter Trading Corporation. Mr. Goldstein's business address
is 555 North New Ballas Road, Suite 150, St. Louis, Missouri
63141.
The Jeffrey D. Goldstein Trust and the Richard A. Goldstein
Trust are established under Iowa law. The address for each of
these is c/o Bernard Goldstein, Isle of Capri, 2200 Corporate
Boulevard N.W., Suite 310, Boca Raton, Florida 33431. The
Bernard Goldstein Trust is established under Missouri law. The
address for the Bernard Goldstein Trust is 555 North New
Ballas, Suite 150, St. Louis, Missouri 63141.
Valley Corporation is an Iowa corporation wholly-owned by
members of the Goldstein family. Bernard Goldstein is
Chairman.
Kathy Goldstein is the daughter of Bernard Goldstein. Ms.
Goldstein's address is c/o Isle of Capri, 2200 Corporate
Boulevard N.W., Suite 310, Boca Raton, Florida 33431.
<PAGE>
Page 13 0f 18 Pages
(d) - (e) During the last five years, none of the persons filing this
Schedule 13D has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or has
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) The citizenship of each of the persons filing this report is the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Irene S. Goldstein, Jeffrey D. Goldstein, Richard A. Goldstein and Robert
S. Goldstein, who constitute all the shareholders of BRDC, Inc. ("BRDC"),
acquired 6,300,000 shares of Isle of Capri issued on March 2, 2000 upon
consummation of the Agreement and Plan of Merger dated as of December 19, 1999
among Isle of Capri, BRDC and the shareholders of BRDC (the "BRDC Merger
Agreement"). Pursuant to the terms of the BRDC Merger Agreement, the former
shareholders of BRDC received shares of Isle of Capri in exchange for all of the
outstanding shares of BRDC.
The acquisition of shares pursuant to the BRDC Merger Agreement resulted
from a transaction proposed to the shareholders of BRDC by Isle of Capri. Isle
of Capri and its subsidiaries had entered into an Agreement and Plan of Merger
with Lady Luck Gaming Corporation ("Lady Luck") dated as of October 5, 1999 (the
"Lady Luck Merger Agreement") pursuant to which Isle of Capri would acquire the
50% interest in the Lady Luck Bettendorf casino and hotel in Bettendorf, Iowa.
BRDC owned the other 50% interest in Lady Luck Bettendorf and owned real estate
leased to Lady Luck Bettendorf. The Isle of Capri Board of Directors proposed a
transaction to the BRDC shareholders so that Isle of Capri could acquire the 50%
of Lady Luck Bettendorf and associated real estate it would not own upon
consummation of the Lady Luck Merger Agreement.
ITEM 4. PURPOSE OF TRANSACTION
See response to Item 3 above. Pursuant to the terms of the BRDC Merger
Agreement, the merger was consummated on March 2, 2000. The former shareholders
of BRDC received 6,300,000 shares of Isle of Capri common stock.
* * * * * *
Bernard Goldstein is the Chairman and Chief Executive Officer and
Robert S. Goldstein is a member of the Board of Directors of Isle of Capri.
In such capacities, Messrs. Goldstein are party to decision-making that
from time to time involves matters related to those described in Items 4(b)
through (j) herein. Responses set forth in Items 4(b) through (j) refer to
plans or proposals of the persons filing this Schedule 13D only and are not
intended to include decisions of Isle of Capri which Messrs. Goldstein may
participate in as members of the Board of Directors of Isle of Capri.
* * * * * *
<PAGE>
Page 14 of 18 Pages
(a) The persons filing this Schedule 13D may, from time to time, acquire
additional securities of Isle of Capri by open market purchase or through
private transactions to increase their holdings; particularly when they
believe shares of Isle of Capri are undervalued.
(b) The persons filing this Schedule 13D have no present plans or proposals for
an extraordinary corporate transaction involving Isle of Capri or any of
its subsidiaries.
(c) The persons filing this Schedule 13D have no present plans or proposals
involving the sale or transfer of a material amount of assets of Isle of
Capri or any of its subsidiaries.
(d) The persons filing this Schedule 13D have no present plans or proposals
involving any change in the present board of directors or management of
Isle of Capri, nor any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board.
(e) The persons filing this Schedule 13D have no present plans or proposals for
any material change in the present capitalization or dividend policy of
Isle of Capri.
(f) The persons filing this Schedule 13D have no present plans or proposals for
any other material change in Isle of Capri's business or corporate
structure.
(g) The persons filing this Schedule 13D have no present plans or proposals for
changes in Isle of Capri's charter or bylaws, or instruments corresponding
thereto or other actions that may impede the acquisition of control of Isle
of Capri by any person.
(h) The persons filing this Schedule 13D have no present plans or proposals for
causing a class of securities of Isle of Capri to be delisted from a
national securities exchange or to cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association.
(i) The persons filing this Schedule 13D have no present plans or proposals for
a class of securities of Isle of Capri becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Act.
(j) The persons filing this Schedule 13D have no present plans or proposals for
any actions similar to those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date of this Schedule 13D, the persons filing this Schedule 13D
owned in the aggregate 14,569,182 shares or approximately 47.5% of the
issued and outstanding shares of Isle of Capri, which included (i) 108,248
warrants owned by Valley Corporation and (ii) 324,500 employee options
which are owned by Bernard Goldstein and Robert S. Goldstein, that are
exercisable within 60 days of the date of this Schedule 13D. The percentage
above is calculated based upon the 30,266,239 shares outstanding on March
3, 2000 as set forth in Isle of Capri's quarterly report on Form 10-Q filed
March 7, 2000 for the quarterly period ended January 23, 2000.
(b) The number of shares as to which there is sole power to vote or to direct
the vote, shared power to vote or direct the vote, sole power to dispose or
to direct the disposition, or shared power to dispose or to direct the
disposition is reflected in the table below for each of the persons filing
this Schedule 13D:
<PAGE>
Page 15 0f 18
<TABLE>
<CAPTION>
Sole Dispositive Shared
Name Sole Voting Shared Voting Power Dispositive Power
- ---------------------------- ------------- ------------- ----------------- --------------------
<S> <C> <C> <C> <C>
Bernard Goldstein 3,427,976 (1) 0 277,976 7,556,451 (1)
Irene S. Goldstein 1,575,000 0 1,575,000 0
Jeffrey D. Goldstein 1,137,455 0 1,137,455 1,575,000 (2)
Richard A. Goldstein 1,026,655 0 1,026,655 1,575,000 (2)
Robert S. Goldstein 5,669,520 (3) 0 2,691,895 2,977,625 (3)
Jeffrey D. Goldstein Trust 1,575,000 (2) 0 0 1,575,000 (2)
Richard A. Goldstein Trust 1,575,000 (2) 0 0 1,575,000 (2)
Bernard Goldstein 1999
Irrevocable Trust 2,977,625 (4) 0 0 2,977,625 (4)
Valley Corporation 1,428,826 (5) 0 1,428,826 (5) 0
Kathy Goldstein 303,750 0 303,750 0
</TABLE>
______________
(1) Includes 2,977,625 shares held by the Bernard Goldstein 1999
Irrevocable Trust for the benefit of Bernard Goldstein as to which
voting and dispositive power is held by Robert S. Goldstein as
Trustee, 1,320,578 shares and warrants immediately exercisable to
purchase 108,248 shares held by Valley Corporation of which Bernard
Goldstein is Chairman and 253,500 shares issuable upon exercise of
stock options that are exercisable within 60 days of the date of this
Schedule 13D. Bernard Goldstein is the Trustee of the Jeffrey D.
Goldstein Trust and the Richard A. Goldstein Trust and on behalf of
these Trusts exercises voting power and shares dispositive power as to
1,575,000 shares in each Trust with the respective beneficiaries. Mr.
Goldstein disclaims beneficial ownership of the shares held in the
Jeffrey D. Goldstein Trust and the Richard A. Goldstein Trust as well
as the portion of shares owned by Valley Corporation which exceed his
41.8% ownership interest in Valley Corporation.
(2) Bernard Goldstein as Trustee has sole voting power and shares
dispositive power with the beneficiary.
(3) Includes 2,977,625 shares held by the Bernard Goldstein 1999
Irrevocable Trust and 71,000 shares issuable upon exercise of stock
options that are exercisable within 60 days of the date of this
Schedule 13D.
(4) Robert S. Goldstein as Trustee has sole voting power. Shared
dispositive power is reported by him and Bernard Goldstein.
(5) Bernard Goldstein as Chairman reports sole voting and dispositive
power.
<PAGE>
Page 16 0f 18
(c) Other than the acquisition of Isle of Capri shares described in Items 3 and
4 above, the persons filing this Schedule 13D did not engage in any
transactions in shares of Isle of Capri during the last 60 days.
(d) To the knowledge of the persons filing this Schedule 13D, no other persons,
except beneficiaries of the Trusts listed above, have the right to receive
or the power to direct the receipt of dividends from or the proceeds from
the sale of, the shares owned by such persons.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Other than the Jeffrey D. Goldstein Trust Agreement and the Richard A.
Goldstein Trust Agreement, to the best knowledge of the persons filing this
Schedule 13D, there are no contracts, arrangements, understandings or
relationships (legal or otherwise) among the persons named in Item 2 and between
such persons and any person with respect to any securities of Isle of Capri,
including but not limited to transfer or voting of any of the securities,
finder's fees, joint ventures, loan or option arrangements, put or calls,
guarantees of profits, division of profits or loss, or the giving or withholding
or proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit Description
- ------- -----------
99.1 Joint Filing Agreement and Power of Attorney dated as of
March 13, 2000.
99.2 Jeffrey D. Goldstein Trust Agreement via March 2, 2000 U/A
March 2, 2000.
99.3 Richard A. Goldstein Trust Agreement via March 2, 2000 U/A
March 2, 2000.
<PAGE>
Page 17 of 18 Pages
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: March 13, 2000
/s/ Bernard Goldstein
---------------------
Bernard Goldstein
/s/ Irene S. Goldstein
----------------------
Irene S. Goldstein
/s/ Jeffrey D. Goldstein
------------------------
Jeffrey D. Goldstein
/s/ Richard A. Goldstein
------------------------
Richard A. Goldstein
/s/ Robert S. Goldstein
-----------------------
Robert S. Goldstein
JEFFREY D. GOLDSTEIN TRUST
/s/ Bernard Goldstein
-----------------------------
Bernard Goldstein, as Trustee
RICHARD A. GOLDSTEIN TRUST
/s/ Bernard Goldstein
-----------------------------
Bernard Goldstein, as Trustee
<PAGE>
Page 18 of 18 Pages
BERNARD GOLDSTEIN 1999 IRREVOCABLE TRUST
/s/ Robert S. Goldstein
-------------------------------
Robert S. Goldstein, as Trustee
VALLEY CORPORATION
/s/ Bernard Goldstein
-------------------------------
Bernard Goldstein, as Chairman
/s/ Kathy S. Goldstein
----------------------
Kathy S. Goldstein
<PAGE>
EXHIBIT 99.1
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13D with
respect to the shares of Common Stock, par value $0.01 per share, of Isle of
Capri Casinos, Inc., a Delaware corporation ("Isle of Capri"), dated March 13,
2000, and any amendments thereto, executed by or on behalf of the undersigned,
in accordance with and pursuant to the power of attorney set forth below or
otherwise, is and shall be filed jointly on behalf of the undersigned, pursuant
to and in accordance with the provisions of Rule 13d-1(k) under the Securities
Exchange Act of 1934.
POWER OF ATTORNEY
This agreement may be executed in separate counterparts by each of the
undersigned, each of which shall be an original but all of which, taken
together, shall constitute one and the same instrument.
Each of the undersigned individuals hereby constitutes and appoints Bernard
Goldstein, Robert S. Goldstein and Allan B. Solomon and each of them
individually, his or her true and lawful attorneys-in-fact and agents for him or
her in his or her name, place and stead, to sign any and all initial filings on
Schedule 13D under the Securities Exchange Act of 1934, and any amendments
thereto, relating to the securities of Isle of Capri and to file the same with
the Securities and Exchange Commission and hereby grant to such attorneys-in-
fact and agents, and each of them individually, full power and authority to do
and perform each and every act and thing requisite and necessary to be done, as
fully as to all intents and purposes as he might or could do, hereby ratifying
and confirming all that such attorneys-in-fact and agents, or any of them, may
lawfully do or cause to be done by virtue hereof in connection with such
filings. This power of attorney shall expire on December 31, 2010.
<PAGE>
Dated as of March 13, 2000
/s/ Bernard Goldstein
- ------------------------------
Bernard Goldstein
/s/ Irene S. Goldstein
- ------------------------------
Irene S. Goldstein
/s/ Jeffrey D. Goldstein
- ------------------------------
Jeffery D. Goldstein
/s/ Richard A. Goldstein
- ------------------------------
Richard A. Goldstein
/s/ Robert S. Goldstein
- ------------------------------
Robert S. Goldstein
JEFFREY D. GOLDSTEIN TRUST
/s/ Bernard Goldstein
- ------------------------------
Bernard Goldstein, as Trustee
RICHARD A. GOLDSTEIN TRUST
/s/ Bernard Goldstein
- ------------------------------
Bernard Goldstein, as Trustee
BERNARD GOLDSTEIN 1999 IRREVOCABLE TRUST
/s/ Robert S. Goldstein
- ------------------------------
Robert S. Goldstein, as Trustee
VALLEY CORPORATION
/s/ Bernard Goldstein
- ---------------------
Bernard Goldstein, as Chairman
/s/ Kathy Goldstein
- ------------------------------
Kathy Goldstein
<PAGE>
EXHIBIT 99.2
TRUST AGREEMENT
---------------
This Trust Agreement (this "Agreement") is made as of March 2, 2000 by and
between Jeffrey D. Goldstein, as grantor (the "Grantor") and Bernard Goldstein,
as trustee (the "Trustee").
WHEREAS, the Grantor is entitled to receive initially 1,575,000 shares (as
such shares may be increased or decreased, the "Shares") of Common Stock, par
value $0.01 per share, of Isle of Capri Casinos, Inc., a Delaware corporation
("Isle") pursuant to the Agreement and Plan of Merger dated as of December 19,
1999 among Isle, BRDC, Inc., an Iowa corporation ("BRDC") and the shareholders
of BRDC (the "Merger Agreement");
WHEREAS, pursuant to a Letter dated January 12, 2000 (the "Letter") Isle
agreed with the Louisiana State Police (the "State Police") that the Shares
would be issued in the name of the Trustee as trustee for the Grantor pending
the completion of any required approvals in the State of Louisiana for the
Grantor to hold the Shares (the "Approval"); and
WHEREAS, the Grantor is willing to establish this trust in order to allow
Isle to comply with the Letter and to place the Shares into trust upon the terms
contained in this Agreement.
NOW THEREFORE, IT IS AGREED AS FOLLOWS:
1. Assets Transferred to Trustee.
Simultaneously with the execution and delivery of this Agreement, the
Grantor has conveyed, assigned, transferred and delivered his interest in the
Shares in trust to the Trustee. Any additional shares issuable to the Grantor
under the terms of the Merger Agreement shall also be held in trust under the
terms of this Agreement. The Grantor retains all of his rights under the Merger
Agreement including the right to approve the final determination of the number
of Shares to be issued to the Grantor. Until the Shares are distributed to the
Grantor under the terms of this Agreement the Shares will be issued as follows:
"Bernard Goldstein as Trustee for Jeffrey D. Goldstein under Trust Agreement
dated March 2, 2000.
2. Acceptance by Trustee.
The Trustee hereby accepts the Shares and agrees to hold, administer, and
distribute the Shares, as trustee for the benefit of the Grantor, in accordance
with the terms and conditions herein set forth.
<PAGE>
3. Trust Assets.
During the term of this Agreement the Trustee shall have the right to vote
the Shares. All additional shares of Isle issued as stock dividends or pursuant
to a stock split shall be delivered to the Trustee and held under the terms of
this Agreement. All cash dividends received on the Shares shall be delivered to
the Grantor. The Grantor shall have the right at any time and from time to time
to direct the Trustee to sell all or a portion of the Shares and any proceeds of
such sales shall be delivered to the Grantor.
4. Payment and Distribution of Trust Assets.
Upon the earlier to occur of the completion of the Approval, a
determination by the State Police or other appropriate state authority that the
Approval is not required, or the termination of this Agreement pursuant to
Section 9, the Trustee shall convey the Shares to the Grantor and shall deliver
the original stock certificate(s) to Isle with instructions to (i) cancel the
original certificate(s), (ii) reissue a stock certificate for the Shares in the
name of the Grantor and (iii) deliver such reissued certificate representing the
Shares to the Grantor.
5. Trustee Fees.
The Trustee shall not receive any compensation for serving as trustee
hereunder.
6. Action by Trustee; Resignation and Successors.
(a) The Trustee may resign by a written resignation delivered to the
Grantor. In the event of the resignation, death or incapacity of the Trustee,
the Grantor shall appoint a successor Trustee subject to any required approval
by the State Police.
(b) If at any time there is no Trustee to act or acting hereunder, the
Grantor may appoint a successor Trustee subject to any required approval by the
State Police.
(c) Any successor Trustee shall have all title to the Shares and all powers
and duties of the original Trustee, and no act of conveyance or transfer shall
be necessary.
7. Assignment.
The Grantor may not assign or transfer his beneficial interest hereunder or
any part thereof by written instrument or otherwise, other than by a transfer
(i) upon the death of a Grantor to the legatees, heirs at law or distributees of
the Grantor's estate or (ii) to the spouse or descendants of the Grantor, in
each case the transferee shall remain subject to the terms of this Agreement.
-2-
<PAGE>
8. Amendment and Revocation.
This Agreement may be amended or revoked only by the written consent and
agreement of the Grantor and the Trustee.
9. Duration of Trust.
The trust created hereby will terminate on June 30, 2001, unless earlier
terminated by the Trustee upon distribution of the Shares as provided in Section
4.
10. Miscellaneous.
(a) The validity, effect and interpretation of this instrument and of the
property interests created herein shall be controlled by the laws of the State
of Iowa.
(b) This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which together shall
constitute one agreement.
IN WITNESS WHEREOF, the parties hereto have hereunto executed this
Agreement the day and year first above written.
Grantor:
/s/ Jeffrey D. Goldstein
--------------------------------------
Jeffrey D. Goldstein
Trustee:
/s/ Bernard Goldstein
--------------------------------------
Bernard Goldstein
-3-
<PAGE>
EXHIBIT 99.3
TRUST AGREEMENT
---------------
This Trust Agreement (this "Agreement") is made as of March 2, 2000 by and
between Richard A. Goldstein, as grantor (the "Grantor") and Bernard Goldstein,
as trustee (the "Trustee").
WHEREAS, the Grantor is entitled to receive initially 1,575,000 shares (as
such shares may be increased or decreased, the "Shares") of Common Stock, par
value $0.01 per share, of Isle of Capri Casinos, Inc., a Delaware corporation
("Isle") pursuant to the Agreement and Plan of Merger dated as of December 19,
1999 among Isle, BRDC, Inc., an Iowa corporation ("BRDC") and the shareholders
of BRDC (the "Merger Agreement");
WHEREAS, pursuant to a Letter dated January 12, 2000 (the "Letter") Isle
agreed with the Louisiana State Police (the "State Police") that the Shares
would be issued in the name of the Trustee as trustee for the Grantor pending
the completion of any required approvals in the State of Louisiana for the
Grantor to hold the Shares (the "Approval"); and
WHEREAS, the Grantor is willing to establish this trust in order to allow
Isle to comply with the Letter and to place the Shares into trust upon the terms
contained in this Agreement.
NOW THEREFORE, IT IS AGREED AS FOLLOWS:
1. Assets Transferred to Trustee.
Simultaneously with the execution and delivery of this Agreement, the
Grantor has conveyed, assigned, transferred and delivered his interest in the
Shares in trust to the Trustee. Any additional shares issuable to the Grantor
under the terms of the Merger Agreement shall also be held in trust under the
terms of this Agreement. The Grantor retains all of his rights under the Merger
Agreement including the right to approve the final determination of the number
of Shares to be issued to the Grantor. Until the Shares are distributed to the
Grantor under the terms of this Agreement the Shares will be issued as follows:
"Bernard Goldstein as Trustee for Richard A. Goldstein under Trust Agreement
dated March 2, 2000.
2. Acceptance by Trustee.
The Trustee hereby accepts the Shares and agrees to hold, administer, and
distribute the Shares, as trustee for the benefit of the Grantor, in accordance
with the terms and conditions herein set forth.
<PAGE>
3. Trust Assets.
During the term of this Agreement the Trustee shall have the right to vote
the Shares. All additional shares of Isle issued as stock dividends or pursuant
to a stock split shall be delivered to the Trustee and held under the terms of
this Agreement. All cash dividends received on the Shares shall be delivered to
the Grantor. The Grantor shall have the right at any time and from time to time
to direct the Trustee to sell all or a portion of the Shares and any proceeds of
such sales shall be delivered to the Grantor.
4. Payment and Distribution of Trust Assets.
Upon the earlier to occur of the completion of the Approval, a
determination by the State Police or other appropriate state authority that the
Approval is not required, or the termination of this Agreement pursuant to
Section 9, the Trustee shall convey the Shares to the Grantor and shall deliver
the original stock certificate(s) to Isle with instructions to (i) cancel the
original certificate(s), (ii) reissue a stock certificate for the Shares in the
name of the Grantor and (iii) deliver such reissued certificate representing the
Shares to the Grantor.
5. Trustee Fees.
The Trustee shall not receive any compensation for serving as trustee
hereunder.
6. Action by Trustee; Resignation and Successors.
(a) The Trustee may resign by a written resignation delivered to the
Grantor. In the event of the resignation, death or incapacity of the Trustee,
the Grantor shall appoint a successor Trustee subject to any required approval
by the State Police.
(b) If at any time there is no Trustee to act or acting hereunder, the
Grantor may appoint a successor Trustee subject to any required approval by the
State Police.
(c) Any successor Trustee shall have all title to the Shares and all powers
and duties of the original Trustee, and no act of conveyance or transfer shall
be necessary.
7. Assignment.
The Grantor may not assign or transfer his beneficial interest hereunder or
any part thereof by written instrument or otherwise, other than by a transfer
(i) upon the death of a Grantor to the legatees, heirs at law or distributees of
the Grantor's estate or (ii) to the spouse or descendants of the Grantor, in
each case the transferee shall remain subject to the terms of this Agreement.
-2-
<PAGE>
8. Amendment and Revocation.
This Agreement may be amended or revoked only by the written consent and
agreement of the Grantor and the Trustee.
9. Duration of Trust.
The trust created hereby will terminate on June 30, 2001, unless earlier
terminated by the Trustee upon distribution of the Shares as provided in Section
4.
10. Miscellaneous.
(a) The validity, effect and interpretation of this instrument and of the
property interests created herein shall be controlled by the laws of the State
of Iowa.
(b) This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which together shall
constitute one agreement.
IN WITNESS WHEREOF, the parties hereto have hereunto executed this
Agreement the day and year first above written.
Grantor:
/s/ Richard A. Goldstein
--------------------------------------
Richard A. Goldstein
Trustee:
/s/ Bernard Goldstein
--------------------------------------
Bernard Goldstein
-3-
