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Ameristar Casinos Obtains Required Consents From Noteholders in Connection With Consent Solicitation

5 December 2000

LAS VEGAS, Nevada –(Press Release) --Dec. 5, 2000 -- Ameristar Casinos, Inc. announced today that it has received the required consents to certain proposed amendments to the indenture governing its 10 1/2 percent Senior Subordinated Notes due 2004, Series B (the ``Notes''). The deadline for the delivery of consents was midnight, New York City time, on Monday, Dec. 4, 2000. To date, noteholders have tendered $99,870,000 aggregate principal amount of the Notes (or approximately 99.9 percent of the total issued and outstanding amount).

Ameristar Casinos anticipates that the supplemental indenture containing the amendments will be executed imminently. The amendments will not become operative until validly tendered Notes are accepted for payment pursuant to the terms of the tender offer, which is expected to occur concurrently with the closing of Ameristar Casinos' acquisition, through its subsidiaries, of Kansas City, Missouri and St. Charles, Missouri gaming and entertainment facilities from subsidiaries of Station Casinos, Inc.

The tender offer and consent solicitation, including Ameristar Casinos' obligation to accept the Notes for payment, are subject to the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated Nov. 20, 2000. The tender offer will expire at midnight, New York City time, on Monday, Dec. 18, 2000, unless terminated or extended by Ameristar Casinos.

Ameristar Casinos announced the tender offer and consent solicitation on Nov. 20, 2000. The tender offer and consent solicitation relate to Ameristar Casinos' acquisition, through its subsidiaries, of gaming and entertainment facilities in Kansas City, Missouri and St. Charles, Missouri from subsidiaries of Station Casinos, Inc. These acquisition transactions are subject to a number of conditions, including gaming and other regulatory approvals.

This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to the Notes. The tender offer and consent solicitation are being made solely by, and remain subject to, the Offer to Purchase and Consent Solicitation Statement dated Nov. 20, 2000.

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