UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                    FORM 10-Q
(Mark  One)
[X]     QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR 15(d) OF THE SECURITIES
        EXCHANGE  ACT  OF  1934

                 For the quarterly period ended October 29, 2000

                                       OR

[    ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF THE
        SECURITIES  EXCHANGE  ACT  OF  1934
 For the transition period from ______________________ to ______________________

                        Commission File Number 333-38093
                                               ---------

    ISLE OF CAPRI BLACK HAWK L.L.C. / ISLE OF CAPRI BLACK HAWK CAPITAL CORP.
    ------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                 Colorado                                       84-1422931
           -------------------                               ----------------
     (State  or  other  jurisdiction                       (I.R.S.  Employer
     of  incorporation  or  organization)               Identification  Number)

1641 Popps Ferry Road, Biloxi, Mississippi                              39532
------------------------------------------                             --------
(Address  of  principal  executive  offices)                        (Zip  Code)

Registrant's  telephone  number,  including  area  code:  (228)  396-7000

Securities  Registered  Pursuant  to  Section  12(b)  Of  the  Act:  None

Securities  Registered  Pursuant  to  Section  12(g)  Of  the  Act:  None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  12  months  (or  for such shorter period that the registrant was
required  to  file  such  reports),  and  (2)  has  been  subject to such filing
requirements  for  the  past  90  days.  Yes  x  No
                                             --
<PAGE>

                         ISLE OF CAPRI BLACK HAWK L.L.C.
                                    FORM 10-Q
                                      INDEX



<TABLE>
<CAPTION>



<S>                                                                              <C>
                                                                                 PAGE
                                                                                 ----


PART I             FINANCIAL  INFORMATION

------

  ITEM 1.  FINANCIAL STATEMENTS

                  CONSOLIDATED BALANCE SHEETS, OCTOBER 29, 2000 (UNAUDITED)
                  AND APRIL 30, 2000. . . . . . . . . . . . . . . . . . . . . .     1

                  CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX
                  MONTHS ENDED OCTOBER 29, 2000 AND OCTOBER 24, 1999 (UNAUDITED)    2

                  CONSOLIDATED STATEMENT OF MEMBERS' EQUITY FOR THE
                  SIX MONTHS ENDED OCTOBER 29, 2000 (UNAUDITED) . . . . . . . .     3

                  CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS
                  ENDED OCTOBER 29, 2000 AND OCTOBER 24, 1999 (UNAUDITED) . . .     4

                  NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS. . . . .     5

  ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                  AND RESULTS OF OPERATIONS . . . . . . . . . . . . . . . . . .     9

PART II.  OTHER INFORMATION
--------

  ITEM 1.  LEGAL PROCEEDINGS . . . . .  . . . . . . . . . . . . . . . . . . . .    12

  ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS. . . . . . . . . . . . . .    12

  ITEM 3.  DEFAULTS UPON SENIOR SECURITIES. . . . . . . . . . . . . . . . . . .    12

  ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. . . . . . . . .    12

  ITEM 5.  OTHER INFORMATION. . . . . . . . . . . . . . . . . . . . . . . . . .    12

  ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K . . . . . . . . . . . . . . . . . .    12

SIGNATURES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    13

EXHIBIT LIST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    14

</TABLE>
<PAGE>
<TABLE>
<CAPTION>



<S>                                                          <C>           <C>
                          ISLE OF CAPRI BLACK HAWK L.L.C.
                            CONSOLIDATED BALANCE SHEETS
                                (IN THOUSANDS)


                          ASSETS                              October 29,   April 30,
                          -------
                                                                 2000         2000
                                                             ------------  ----------
                                                             (Unaudited)
Current assets:
     Cash and cash equivalents. . . . . . . . . . . . . . .  $     10,825  $    6,513
     Accounts receivable:
          Related parties . . . . . . . . . . . . . . . . .            11           4
          Other . . . . . . . . . . . . . . . . . . . . . .           330         198
     Prepaid expenses and other assets. . . . . . . . . . .         1,163         898
                                                             ------------  ----------
               Total current assets.. . . . . . . . . . . .        12,329       7,613
Property and equipment - net. . . . . . . . . . . . . . . .       104,723      98,711
Other assets:
     Deferred financing costs, net of accumulated
          amortization of $2,209 and $1,865, respectively..         2,640       2,984
     Prepaid deposits and other . . . . . . . . . . . . . .           645         584
                                                             ------------  ----------
               Total assets.. . . . . . . . . . . . . . . .  $    120,337  $  109,892
                                                             ============  ==========

                LIABILITIES AND MEMBERS' EQUITY
                -------------------------------

Current liabilities:
     Current maturities of long-term debt.. . . . . . . . .  $        359  $      768
     Accounts payable:
          Trade . . . . . . . . . . . . . . . . . . . . . .         1,652       1,685
          Related parties.. . . . . . . . . . . . . . . . .         7,132       4,731
     Accrued liabilities:
          Interest. . . . . . . . . . . . . . . . . . . . .         1,992       1,970
          Construction payable. . . . . . . . . . . . . . .           458       1,096
          Payroll and related.. . . . . . . . . . . . . . .         3,957       3,365
          Property and other taxes. . . . . . . . . . . . .         3,179       1,919
          Progressive jackpots and slot club awards.. . . .         2,251       1,964
          Other.. . . . . . . . . . . . . . . . . . . . . .         1,086       1,002
                                                             ------------  ----------
               Total current liabilities. . . . . . . . . .        22,066      18,500
Long-term debt, less current maturities.. . . . . . . . . .        75,000      75,000

Members' equity:
     Casino America of Colorado, Inc. . . . . . . . . . . .        12,471       8,550
     Blackhawk Gold, Ltd. . . . . . . . . . . . . . . . . .        10,800       7,842
                                                             ------------  ----------
               Total members' equity. . . . . . . . . . . .        23,271      16,392
                                                             ------------  ----------
               Total liabilities and members' equity. . . .  $    120,337  $  109,892
                                                             ============  ==========

</TABLE>
                 See notes to consolidated financial statements.

<PAGE>

<TABLE>
<CAPTION>



<S>                                     <C>                   <C>                 <C>            <C>
                        ISLE OF CAPRI BLACK HAWK L.L.C.
                        CONSOLIDATED STATEMENTS OF OPERATIONS
                                    (UNAUDITED)
                                   (IN THOUSANDS)

                                                 Three Months Ended                Six Months Ended
                                                 --------------------              ------------------
                                                 October 29,          October 24,   October 29,    October 24,
                                                    2000                1999            2000           1999
                                        --------------------  ------------------  -------------  -------------
Revenue:
     Casino. . . . . . . . . . . . . .  $            26,587   $          20,651   $     51,043   $     39,685
     Food, beverage and other. . . . .                1,328               1,169          2,498          2,364
     Rooms . . . . . . . . . . . . . .                  802                   -            854              -
                                        --------------------  ------------------  -------------  -------------
          Total revenue. . . . . . . .               28,717              21,820         54,395         42,049
Operating expenses:
     Casino. . . . . . . . . . . . . .                3,751               2,837          7,322          5,624
     Rooms . . . . . . . . . . . . . .                  393                   -            462              -
     Gaming taxes. . . . . . . . . . .                5,256               3,992         10,060          7,803
     Food and beverage . . . . . . . .                1,011                 808          1,871          1,679
     Facilities. . . . . . . . . . . .                1,120                 762          2,143          1,522
     Marketing and administrative. . .                8,515               7,730         16,674         14,606
     Management fees.. . . . . . . . .                1,148                 855          2,167          1,715
     Depreciation and amortization . .                  801                 482          1,375            990
                                        --------------------  ------------------  -------------  -------------
          Total operating expenses . .               21,995              17,466         42,074         33,939
                                        --------------------  ------------------  -------------  -------------
     Operating income. . . . . . . . .                6,722               4,354         12,321          8,110
     Interest expense. . . . . . . . .               (3,156)             (2,853)        (5,523)        (5,559)
     Interest income . . . . . . . . .                   51                 127             81            218
                                        --------------------  ------------------  -------------  -------------
     Net income. . . . . . . . . . . .  $             3,617   $           1,628   $      6,879   $      2,769
                                        ====================  ==================  =============  =============

</TABLE>

                 See notes to consolidated financial statements.

<PAGE>

<TABLE>
<CAPTION>



<S>                                         <C>                 <C>          <C>
                            ISLE OF CAPRI BLACK HAWK L.L.C.
                            CONSOLIDATED STATEMENT OF MEMBERS' EQUITY
                                      (UNAUDITED)
                                     (IN THOUSANDS)

                                            Casino America of     Blackhawk     Total
                                              Colorado, Inc.      Gold, Ltd.   Members' Equity
                                            ------------------  -----------  -----------------

Balance, April 30, 2000. . . . . . . . . .  $            8,550  $     7,842  $         16,392
     Net income. . . . . . . . . . . . . .               3,921        2,958             6,879
                                            ------------------  -----------  ----------------
Balance, October 29, 2000. . . . . . . . .  $           12,471  $    10,800  $         23,271
                                            ==================  ===========  ================

</TABLE>

                 See notes to consolidated financial statements.

<PAGE>

<TABLE>
<CAPTION>



<S>                                                       <C>                 <C>
                           ISLE OF CAPRI BLACK HAWK L.L.C.
                           CONSOLIDATED STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)
                                  (IN THOUSANDS)


                                                                   Six Months Ended
                                                                   ------------------
                                                          October 29,         October 24,

                                                              2000               1999
                                                          ------------------  -------------
OPERATING ACTIVITIES:
Net income . . . . . . . . . . . . . . . . . . . . . . .  $           6,879   $      2,769
Adjustments to reconcile net income to
  net cash provided by operating activities:
     Depreciation and amortization.. . . . . . . . . . .              1,375            990
     Amortization of deferred financing costs. . . . . .                344            343
     Changes in current assets and liabilities:
          Accounts receivable. . . . . . . . . . . . . .               (139)           (58)
          Prepaid expenses and other assets. . . . . . .               (265)          (170)
          Accounts payable and accrued liabilities . . .              3,516          3,698
                                                          ------------------  -------------
Net cash provided by operating activities. . . . . . . .             11,710          7,572

INVESTING ACTIVITIES:
Purchase of property and equipment.. . . . . . . . . . .             (6,928)        (4,520)
Decrease in restricted cash. . . . . . . . . . . . . . .                  -          1,422
Deposits and other . . . . . . . . . . . . . . . . . . .                (61)           (92)
                                                          ------------------  -------------
Net cash used in investing activities. . . . . . . . . .             (6,989)        (3,190)

FINANCING ACTIVITIES:
Principal payments on debt.. . . . . . . . . . . . . . .               (409)          (366)
                                                          ------------------  -------------
Net cash used in financing activities. . . . . . . . . .               (409)          (366)

Net increase in cash and cash equivalents. . . . . . . .              4,312          4,016
Cash and cash equivalents at beginning of period . . . .              6,513         10,917
                                                          ------------------  -------------
Cash and cash equivalents at end of period . . . . . . .  $          10,825   $     14,933
                                                          ==================  =============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
     Cash payments for interest. . . . . . . . . . . . .  $           5,787   $      4,950

SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING
     AND FINANCING ACTIVITIES:
Other:
     Construction costs funded through accounts payable.                458            253

</TABLE>




                 See notes to consolidated financial statements.

<PAGE>

                         ISLE OF CAPRI BLACK HAWK L.L.C.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

     Basis  of  Presentation

     On  April  25, 1997, Isle of Capri Black Hawk L.L.C. ("Isle-Black Hawk"), a
Colorado  limited  liability  company,  was formed.  Isle-Black Hawk is owned by
Casino  America  of  Colorado,  Inc., a wholly-owned subsidiary of Isle of Capri
Casinos,  Inc.,  and  Blackhawk  Gold, Ltd., a wholly-owned subsidiary of Nevada
Gold  &  Casinos,  Inc.  The  principal  purpose  of Isle-Black Hawk has been to
develop  and operate a casino in Black Hawk, Colorado, which opened December 30,
1998.

     On  August  20,  1997, Isle-Black Hawk and Isle of Capri Black Hawk Capital
Corp.,  a  wholly-owned  subsidiary  of  Isle-Black Hawk that has no operations,
issued  $75.0  million  of 13% First Mortgage Notes (the "First Mortgage Notes")
due  2004  with  Contingent  Interest  in  order to finance the construction and
development  of  Isle-Black  Hawk.

     The  rights  and  obligations  of  Casino  America  of  Colorado,  Inc. and
Blackhawk  Gold, Ltd. are governed in part by the Amended and Restated Operating
Agreement  of  Isle-Black Hawk (the "Agreement") dated as of July 29, 1997.  The
Agreement  provides  that Isle-Black Hawk will continue until December 31, 2096,
or  until  such  date  that  dissolution  may occur.  Pursuant to the Agreement,
Casino  America  of  Colorado,  Inc.  contributed cash, land purchase rights and
development  costs  to Isle-Black Hawk and Blackhawk Gold, Ltd. contributed land
to  Isle-Black  Hawk.

     On  July 29, 1997, Casino America of Colorado, Inc., Isle of Capri Casinos,
Inc.,  Blackhawk Gold, Ltd., and Nevada Gold & Casinos, Inc. also entered into a
Members  Agreement  (the "Members Agreement") which addressed the development of
Isle-Black  Hawk,  management  of  Isle-Black  Hawk,  additional  capital
contributions,  and  other  matters.  Casino  America  of  Colorado, Inc. has an
ownership  interest  in  Isle-Black  Hawk of 57% and Blackhawk Gold, Ltd. has an
ownership  interest in Isle-Black Hawk of 43%.  Profits and losses of Isle-Black
Hawk  are  allocated  in  proportion  to  ownership  interests.

     The  accompanying  unaudited  consolidated  financial  statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and with the instructions to Form 10-Q and Article 10 of
Regulation  S-X.  Accordingly,  they  do  not include all of the information and
footnotes  required  by  generally  accepted  accounting principles for complete
financial statements.  In the opinion of management, all adjustments, consisting
of  normal  recurring  adjustments  considered necessary for a fair presentation
have  been included.  Operating results for the three and six month period ended
October  29,  2000,  are  not  necessarily indicative of the results that may be
expected  for  the  fiscal year ending April 29, 2001.  For further information,
refer to the consolidated financial statements and footnotes thereto included in
Isle-Black  Hawk's annual report on Form 10-K for the year ended April 30, 2000.

     The  preparation  of  financial  statements  in  conformity  with generally
accepted accounting principles necessarily requires management to make estimates
and  assumptions  that affect the reported amounts of assets and liabilities and
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements as well as revenues and expenses during the reporting period.  Actual
amounts  when  ultimately  realized  could  differ  from  those  estimates.

     The  consolidated  financial  statements  of  Isle-Black  Hawk  include the
accounts of Isle-Black Hawk and its subsidiary, Isle of Capri Black Hawk Capital
Corp.  All  material intercompany balances and transactions have been eliminated
in  consolidation.


<PAGE>

                         ISLE OF CAPRI BLACK HAWK L.L.C.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


2.     PROPERTY  AND  EQUIPMENT

     Property  and  equipment is recorded at cost except for land contributed by
Blackhawk  Gold,  Ltd.,  which is recorded at its appraised value.  Depreciation
began  accumulating  upon  the commencement of gaming operations and is computed
using  the  straight-line  method  over  the  following  estimated useful lives:

<TABLE>
<CAPTION>



<S><C>
                                                   YEARS
                                                   -----
                Slot machines.. . . . . . . . . .      3
                Furniture, fixtures and equipment      5
                Buildings and improvements. . . .   39.5
</TABLE>




3.     OTHER  ASSETS

     Deferred  Financing  Costs

     The  costs  of  issuing  long-term debt have been capitalized and are being
amortized using the effective interest method over the term of the related debt.

4.     LONG-TERM  DEBT

Long-term  debt  consists  of  the  following:

<TABLE>
<CAPTION>



<S>                                                                    <C>           <C>
                                                                       October 29,   April 30,
                                                                            2000        2000
                                                                       ------------  ----------
                                                                            (In thousands)

11% note payable, issued by Isle of Capri Black Hawk L.L.C.,
     due March 2001; non-recourse to Isle of Capri Casinos, Inc . . .  $        359  $      768
13% First Mortgage Notes, issued by Isle of Capri Black Hawk L.L.C.,
     due August 2004; non-recourse to Isle of Capri Casinos, Inc. . .        75,000      75,000
                                                                       ------------  ----------
                                                                             75,359      75,768
Less: current maturities. . . . . . . . . . . . . . . . . . . . . . .           359         768
                                                                       ------------  ----------
Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . .  $     75,000  $   75,000
                                                                       ============  ==========

</TABLE>

     On  August  20,  1997,  Isle-Black  Hawk  issued $75.0 million of 13% First
Mortgage  Notes  with  Contingent  Interest,  due  August  31,  2004,  that  is
non-recourse debt to Isle of Capri Casinos, Inc.  Interest on the First Mortgage
Notes  is  payable  semi-annually  on  February  28  and August 31 of each year,
commencing  February  28, 1998.  Additionally, contingent interest is payable on
the  First  Mortgage  Notes  on  each  interest  payment  date,  in an aggregate
principal  amount  of 5% of Isle-Black Hawk's Consolidated Cash Flow (as defined
in  the  Indenture),  provided  that no contingent interest was payable prior to
commencement  of  operations  and may, under certain circumstances, be deferred.
In  February  2000,  Isle-Black  Hawk made its first contingent interest payment
totaling $1.0 million as required by the Isle-Black Hawk's First Mortgage Notes.
The  amount of contingent interest expense recorded for the three and six months
ended  October  29,  2000 is $380,000 and $690,000, respectively.  The amount of
contingent  interest expense recorded for the three and six months ended October
24,  1999  is  $248,000  and  $466,000,  respectively.


<PAGE>


                         ISLE OF CAPRI BLACK HAWK L.L.C.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)



4.     LONG-TERM  DEBT  (CONTINUED)

     The  First  Mortgage Notes are redeemable at the option of Isle-Black Hawk,
in  whole  or in part, at any time on or after August 1, 2001, at the redemption
prices  (expressed  as  percentages  of  principal  amount) set forth below plus
accrued  and  unpaid  interest  to  the  redemption date, if redeemed during the
12-month  period  beginning  on  August  31  of  the  years  indicated  below:

<TABLE>
<CAPTION>



<S><C>
               Year                  Percentage
              --------------------  -----------

              2001.. . . . . . . .     106.500%
              2002.. . . . . . . .     103.200%
              2003.. . . . . . . .     100.000%
              2004 and thereafter.     100.000%
</TABLE>


     On  June 5, 2000, as required by the Indenture, the Isle-Black Hawk offered

to  purchase  for  cash  up  to  $1,246,000  principal amount of their 13% First
Mortgage  Notes  due  in  2004 at a price of $1,010 per $1,000 principal amount,
plus  interest  accrued up to, but not including, the Payment Date in accordance
with  the  terms  of  its indenture.  No Notes were tendered for purchase.  Isle
Black-Hawk  is  required to make an offer based upon excess cash flow every year
during  the  term  of  the  bonds.

     Isle-Black  Hawk  obtained a letter of credit, as a requirement to obtain a
building  permit  from  the  City  of  Black  Hawk (the "City").   The letter of
credit,  totaling  $2.1 million, can be drawn upon by the City if for any reason
Isle-Black Hawk fails to complete the hotel project, certain public improvements
are  not  completed,  or  for  repair and maintenance on the public improvements
within  one  year after completion. The letter of credit is secured by a deposit
held  in trust of $1.1 million, which was funded by Isle of Capri Casinos, Inc.,
and  the balance is secured by Isle of Capri Casinos, Inc.'s open line of credit
with  the  bank.

     Substantially all of Isle-Black Hawk's assets are pledged as collateral for
long-term  debt. At October 29, 2000, Isle-Black Hawk was in compliance with all
debt  covenants.

5.     RELATED  PARTY  TRANSACTIONS

     Management  Agreement

     On  April  25,  1997,  Isle-Black Hawk entered into a Management Agreement,
which  was  subsequently  amended and restated on July 29, 1997 (the "Management
Agreement"),  with  Isle  of  Capri  Casinos,  Inc., which manages the casino in
exchange  for  a fee.  The management fee is equal to two percent of revenues as
defined, plus ten percent of operating income, but not to exceed four percent of
revenues.  The  management  fee  became  effective  upon  commencement of casino
operations.

     Lease  Agreement

     On January 2, 1998, Casino America of Colorado, Inc. acquired approximately
0.7  acres  of property contiguous to the property being developed by Isle-Black
Hawk  for  expansion  of the entrance and signage (the "Acquired Property").  On
January 2, 1998, Isle-Black Hawk, as lessee, entered into a lease agreement with
Casino  America of Colorado, Inc. for the Acquired Property and had utilized the
Acquired Property in developing Isle-Black Hawk.  The lease payment consisted of
$102,000  paid upon the inception of the lease and $17,000 per month, commencing
July 15, 1998 and continuing until December 31, 2002.  The term of the lease was
through  December  31, 2002, and thereafter on a year to year basis.  During the
term  of  the  lease, Isle-Black Hawk had the right to purchase the property for
$1.5  million  plus  all interest and out-of-pocket costs that Casino America of
Colorado,  Inc.  incurred  in  connection with the purchase and ownership of the
land, less any payments made by Isle-Black Hawk, as lessee.  On January 7, 2000,
Isle-Black  Hawk  purchased  the  property  for  $1.3  million.

<PAGE>

                         ISLE OF CAPRI BLACK HAWK L.L.C.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


5.     RELATED  PARTY  TRANSACTIONS  (CONTINUED)

     Loans

     In  August  2000,  Isle-Black  Hawk  completed  construction  of  its hotel
containing  237  rooms  for approximately $29.0 million.  Isle of Capri Casinos,
Inc.  loaned  Isle-Black Hawk a total of $5.75 million which was used to develop
the hotel.  The $5.75 million loan is recorded in accounts payable related party
and  is two separate loans.  The first loan, $5.0 million, is due and payable on
demand  (see  note  6).  The second loan, $0.75 million, is due and payable upon
the  redemption  of  the  First  Mortgage  Notes.


6.     SUBSEQUENT  EVENTS

     On  November  28,  2000  Isle-Black  Hawk  repaid $5.0 million of the $5.75
million  hotel  loan.
<PAGE>

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS.

     The  following  discussion  should  be  read  in  conjunction  with, and is
qualified  in its entirety by, Isle-Black Hawk's financial statements, including
the  notes  thereto,  and other financial information included elsewhere in this
report.

     The  following  discussion includes "forward-looking statements" within the
meaning  of  section  27A of the Securities Act of 1933, as amended, and Section
21E  of  the  Securities  Exchange  Act  of  1934,  as  amended.  In particular,
statements  concerning  the  effects  of increased competition in the Black Hawk
market, the effects of regulatory and legislative matters, and Isle-Black Hawk's
plans  to  make  capital  investments  at  its  facility  are  forward-looking
statements.  Although  Isle-Black  Hawk  believes  that  the  expectations  are
reasonable,  there  can be no assurance that such expectations are reasonable or
that  they  will  be  correct.  Actual  results  may  vary materially from those
expected.  Important  factors  that  could  cause  actual results to differ with
respect  to Isle-Black Hawk's planned capital expenditures principally include a
lack  of available capital resources, construction and development risks such as
shortages  of materials and labor and unforeseen delays resulting from a failure
to  obtain  necessary  approvals.

GENERAL

     Isle-Black  Hawk  was organized on April 25, 1997 and from that time, until
the  opening  of  the  casino on December 30, 1998, Isle-Black Hawk's activities
were  limited  to the design, construction and opening of the casino. Isle-Black
Hawk  includes a 43,000 square-foot gaming facility on a single floor with 1,150
slot machines, 14 table games, on-site covered parking for 1,100 vehicles, a 237
deluxe  room  hotel  and  various  other  amenities.

     Isle  of  Capri  Black  Hawk  Capital Corp. is a wholly owned subsidiary of
Isle-Black  Hawk  and  was  incorporated  for  the  sole  purpose  of serving as
co-issuer  of  the First Mortgage Notes.  Isle of Capri Black Hawk Capital Corp.
has  not  and  will  not  have  any  operations  or material assets or revenues.

     Isle-Black  Hawk believes that its historical results of operations may not
be  indicative  of  its  future results of operations because of the substantial
present  and  expected  future  increase  in competition for gaming customers in
Isle-Black  Hawk's  market,  as  new casinos open and existing casinos add to or
enhance  their  facilities.

     Isle-Black  Hawk also believes that its operating results may be affected
by seasonality.

RESULTS  OF  OPERATIONS

Three  Fiscal Months Ended October 29, 2000 Compared to Three Fiscal Months
Ended October  24,  1999

     Total  revenue  for  the  quarter ended October 29, 2000 was $28.7 million,
which included $26.6 million of casino revenue, $0.8 million of room revenue and
$1.3  million  of  food,  beverage  and  other  revenue.  This compares to total
revenue  for  the  prior  year  fiscal  quarter  ended October 24, 1999 of $21.8
million,  which  included  $20.6  million  of casino revenue and $1.2 million of
food,  beverage  and  other  revenue.  Casino  revenue increased $5.9 million or
28.7%  primarily  as  a  result  of the 29.9% increase in slot revenue which was
driven by a 40.5% increase in patron count, a 4.3% increase in slot units, and a
24.6%  increase in slot win per unit per day.  Casino revenue also increased due
to  improvements made at Isle-Black Hawk through the opening of the new hotel in
August,  2000.  Room  revenue  increased  $0.8 million due to the hotel opening.
Food,  beverage and other revenue increased by $0.2 million or 13.6% as a result
of  the  opening of the new hotel.  Revenue does not reflect the retail value of
any  complimentaries.

     Casino  operating  expenses  for the quarter ended October 29, 2000 totaled
$3.8  million,  or  14.1%  of casino revenue.  This compares to casino operating
expenses  for  the  prior  year  fiscal  quarter  ended October 24, 1999 of $2.8
million,  or 13.7% of casino revenue.  These expenses are primarily comprised of
salaries,  wages  and  benefits  and  other  operating  expenses  of the casino.

<PAGE>

     State  and local gaming taxes paid in Colorado totaled $5.3 million for the
quarter  ended  October 29, 2000, compared to $4.0 million for the quarter ended
October  24, 1999, which is consistent with the applicable Colorado's gaming tax
rate  for  the  respective  quarters.

     Food,  beverage  and  other  expenses  totaled $1.0 million for the quarter
ended  October  29, 2000, compared to $0.8 million for the quarter ended October
24, 1999.  These expenses consist primarily of the cost of goods sold, salaries,
wages  and benefits and operating expenses of these departments.  Food, beverage
and  other  operating  expenses  as  a  percentage  of  food, beverage and other
revenues were 76.1% for the quarter ended October 29, 2000 compared to 69.1% for
the  quarter  ended  October  24,  1999.  This was primarily attributable to the
heavy use of contract labor to offset the increased volume due to the opening of
the  hotel.



     Facilities  expenses totaled $1.1 million for the quarter ended October 29,
2000  compared to $0.8 million for the quarter ended October 24, 1999.  These
expenses  include salaries, wages and benefits, operating expenses of insurance,
housekeeping  and  general  maintenance  of  the  facilities.

     Marketing  and  administrative  expenses  totaled $8.5 million, or 29.7% of
total  revenue,  for  the  quarter  ended  October  29,  2000.  This compares to
marketing  and  administrative  expenses  of  $7.7  million,  or  35.4% of total
revenue,  for  the  quarter  ended October 24, 1999.  Marketing expenses include
salaries,  wages and benefits of the marketing and sales departments, as well as
promotions,  advertising,  special  events  and  entertainment.  Administrative
expenses  include  administration  and human resource department expenses, rent,
professional  fees  and  property  taxes.

     Depreciation and amortization expense was $0.8 million and $0.5 million for
the  quarters  ended  October 29, 2000 and October 24, 1999, respectively. These
expenses  relate  to  property  and  equipment.

     Interest  expense  was $3.2 million for the quarter ended October 29, 2000.
This  compares  to interest expense of $2.9 million, net of capitalized interest
of  $0.1  million  for  the  quarter  ended  October 24, 1999.  Interest expense
primarily relates to indebtedness incurred in connection with the acquisition of
property,  equipment  and  leasehold  improvements.


Six  Fiscal  Months  Ended  October 29,  2000 Compared to Six Fiscal Months
Ended October  24,  1999

     Total  revenue for the six months ended October 29, 2000 was $54.4 million,
which included $51.0 million of casino revenue, $0.9 million of room revenue and
$2.5  million  of  food,  beverage  and  other  revenue.  This compares to total
revenue  for  the  six  months  ended  October  24, 1999 of $42.0 million, which
included  $39.7 million of casino revenue and $2.4 million of food, beverage and
other  revenue.  Casino  revenue increased $11.4 million or 28.6% primarily as a
result  the  29.7% increase in slot revenue which was driven by a 34.9% increase
in the patron count, a 3.5% increase in slot units, and a 25.5% increase in slot
win per unit per day.  Casino revenue also increased due to improvements made at
Isle-Black  Hawk  through  the  opening  of the new hotel in August, 2000.  Room
revenue  increased  $0.8  million  due to the hotel opening.  Food, beverage and
other  revenue  increased  by $0.1 million or 5.7% as a result of the opening of
the  new  hotel.  Revenue  does  not  reflect  the  retail  value  of  any
complimentaries.

     Casino operating expenses for the six months ended October 29, 2000 totaled
$7.3  million,  or  14.3%  of casino revenue.  This compares to casino operating
expenses  for the six months ended October 24, 1999 of $5.6 million, or 14.2% of
casino  revenue.  These  expenses are primarily comprised of salaries, wages and
benefits  and  other  operating  expenses  of  the  casino.

     State and local gaming taxes paid in Colorado totaled $10.1 million for the
six  months  ended October 29, 2000, compared to $7.8 million for the six months
ended  October  24,  1999,  which  is  consistent with the applicable Colorado's
gaming  tax  rate  for  the  respective  quarters.

     Food,  beverage  and other expenses totaled $1.9 million for the six months
ended  October  29,  2000,  compared  to  $1.7  million for the six months ended
October  24,  1999.  These expenses consist primarily of the cost of goods sold,
salaries, wages and benefits and operating expenses of these departments.  Food,
beverage  and  other  operating  expenses  as a percentage of food, beverage and
other  revenues were 74.9% for the six months ended October 29, 2000 compared to
71.0%  for  the  six  months  ended  October  24,  1999.  This  was  primarily
attributable  to the use of contract labor to offset the increased volume due to
the  opening  of  the  hotel.

<PAGE>
     Facilities  expenses  totaled $2.1 million for the six months ended October
29,  2000  compared  to  $1.5 million for the six months ended October 24, 1999.
These  expenses  include  salaries,  wages  and  benefits, operating expenses of
insurance,  housekeeping  and  general  maintenance  of  the  facilities.

     Marketing  and  administrative  expenses totaled $16.7 million, or 30.7% of
total  revenue,  for  the  six  months ended October 29, 2000.  This compares to
marketing  and  administrative  expenses  of  $14.6  million,  or 34.7% of total
revenue,  for the six months ended October 24, 1999.  Marketing expenses include
salaries,  wages and benefits of the marketing and sales departments, as well as
promotions,  advertising,  special  events  and  entertainment.  Administrative
expenses  include  administration  and human resource department expenses, rent,
professional  fees  and  property  taxes.

     Depreciation and amortization expense was $1.4 million and $1.0 million for
the  six months ended October 29, 2000 and October 24, 1999, respectively. These
expenses  relate  to  property  and  equipment.

     Interest  expense  was  $5.5  million  for the six months ended October 29,
2000,  net  of  capitalized interest of $0.7 million.  This compares to interest
expense of $5.6 million, net of capitalized interest of $0.4 million for the six
months  ended  October  24,  1999.  Interest  expense  primarily  relates  to
indebtedness  incurred in connection with the acquisition of property, equipment
and  leasehold  improvements.

LIQUIDITY  AND  CAPITAL  RESOURCES

     At  October 29, 2000 Isle-Black Hawk had cash and cash equivalents of $10.8
million  compared  to  cash and cash equivalents of $6.5 million as of April 30,
2000.  The  increase  in  cash is primarily a result of cash flow from operating
activities.  During  the  six  months  ended October 29, 2000, Isle-Black Hawk's
operating  activities  provided $11.7 million of cash compared to the six months
ended October 24, 1999, in which Isle-Black Hawk's operating activities provided
$7.6  million  of  cash.

     Isle-Black  Hawk invested $6.9 million in property and equipment in the six
months  ended  October  29,  2000,  primarily  for  the  completion of the hotel
facility.  This  compares  with  the $4.5 million invested by Isle-Black Hawk in
property  and  equipment  in  the  six  months  ended  October  24,  1999.

     Isle-Black Hawk completed construction of its hotel facility containing 237
rooms  in  August  2000.  The facility cost approximately $29.0 million. Isle of
Capri  Casinos,  Inc.  loaned  $5.75  million  to the Company in connection with
construction  of  the  hotel.

     Isle-Black  Hawk  anticipates  that  additional  capital  improvements
approximating  $2.9  million  will  be  made  during fiscal 2001 to maintain its
existing  facility  and  remain  competitive in its market.  Isle-Black Hawk had
$7.4  million  of  capital  improvements during the six months ended October 29,
2000.  Isle-Black  Hawk  expects  that  available  cash  and  cash  from  future
operations  will  be  adequate  to  fund  future  expansion,  planned  capital
expenditures,  service  debt and meet working capital requirements.  There is no
assurance  that  Isle-Black  Hawk will have the capital resources to make all of
the  expenditures  described  above  or that planned capital investments will be
sufficient  to  allow  the Isle-Black Hawk to remain competitive in its existing
market. In addition, the indenture restricts, among other things, the Isle-Black
Hawk's  ability  to  borrow  money,  make  capital  expenditures,  use assets as
security  in  other  transactions,  make  restricted  payments  or  restricted
investments, incur contingent obligations, sell assets and enter into leases and
transactions  with  affiliates. In addition, Isle-Black Hawk is required to make
significant  interest  payments semi-annually on its First Mortgage Notes, which
will  include  additional  contingent  interest.

     Isle-Black  Hawk is highly leveraged and may be unable to obtain additional
debt  or  equity  financing  on  acceptable  terms.  As a result, limitations on
Isle-Black  Hawk's  capital  resources  could  delay or cause the abandonment of
certain  plans  for  capital  improvements.


<PAGE>
                           PART II - OTHER INFORMATION

ITEM  1.     LEGAL  PROCEEDINGS.

          None.

ITEM  2.     CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS.

          None.

ITEM  3.     DEFAULTS  UPON  SENIOR  SECURITIES.

          None.

ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS.

          None.

ITEM  5.     OTHER  INFORMATION.

          None.

ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K.

          (a).     Exhibits.
                   --------

               A  list of the exhibits included as part of this Form 10-K is set
forth  in  the  Exhibit  Index that immediately precedes such
exhibits,  which  is  incorporated  herein  by  reference.

          (b)     Reports  on  Form  8-K.
                  ----------------------

               During  the quarter ended October 29, 2000, the Company filed the
following  reports  on  Form  8-K:

               None.

<PAGE>

















                                   SIGNATURES

     Pursuant  to  the  requirements  of  Section  13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its  behalf  by  the  undersigned,  thereunto  duly  authorized.

                                     ISLE  OF  CAPRI  BLACK  HAWK  L.L.C.

<TABLE>
<CAPTION>



<S>                        <C>
Dated:  December 11, 2000           /s/ Rexford A. Yeisley
                                     -----------------------------------
                                     Rexford A. Yeisley, Chief Financial Officer,
                                    (Principal Financial and Accounting Officer)

</TABLE>



<PAGE>
                                INDEX TO EXHIBITS

EXHIBIT NUMBER                              DESCRIPTION
--------------                              -----------

     27                               Financial Data Schedule