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Ameristar Casinos Announces Sale of Notes

12 January 2001

LAS VEGAS, Nevada – (Press Release) -- Jan. 12, 2001-- Ameristar Casinos, Inc. (Nasdaq: ASCA) today announced its intent to sell $300 million principal amount of senior subordinated notes (the ``Notes''). The net proceeds of the issuance will be used to repay interim financings incurred in connection with Ameristar's recent acquisition of two gaming and entertainment facilities, located in Kansas City, Missouri and St. Charles, Missouri from subsidiaries of Station Casinos, Inc.

The Notes are being sold to qualified institutional buyers in reliance on Rule 144A and outside the United States in compliance with Regulation S. The Notes will not be registered under the Securities Act of 1933, as amended (the ``Securities Act''), and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

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