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Aztar Corporation Announces Expansion of Stock Repurchase Program

12 October 2000

PHOENIX, Arizona – (Press Release) -- Oct. 12, 2000 -- Aztar Corporation (NYSE: AZR) announced today that its board of directors has expanded its authorization to make discretionary repurchases of Aztar common stock.

Under this new authorization, management may purchase up to 3.0 million shares in addition to amounts previously authorized. All purchases under Aztar's stock repurchase program may be made from time to time in the open market or privately negotiated transactions, depending upon market prices and other business factors.

Aztar is a publicly traded company that operates Tropicana Casino and Resort in Atlantic City, New Jersey, Tropicana Resort and Casino in Las Vegas, Nevada, Ramada Express Hotel and Casino in Laughlin, Nevada, Casino Aztar in Caruthersville, Missouri, and Casino Aztar in Evansville, Indiana.

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