Bally Technologies, Inc. announced that it has entered into a definitive purchase agreement with Isle of Capri Casinos, Inc. to sell its Rainbow Casino in Vicksburg, Miss. to Isle of Capri, pending regulatory approval. Under the terms of the agreement, which was approved by the Board of Directors of both companies, Isle of Capri Casinos will pay Bally Technologies $80 million in an all-cash transaction, assuming the transaction closes by approximately June 30, 2010.