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Aztar reports shareholder approval of merger

17 October 2006

PHOENIX, Arizona – (PRESS RELEASE) -- Aztar Corporation (NYSE: AZR) today announced that at the Special Meeting of Stockholders held earlier today, its shareholders approved the May 19, 2006 Agreement and Plan of Merger with Wimar Tahoe Corporation d/b/a Columbia Entertainment, the gaming affiliate of Columbia Sussex Corporation.

Under the merger agreement, Columbia Entertainment will acquire all of the outstanding shares of common stock of Aztar for $54.00 per share in cash. WT-Columbia Development, Inc., an indirect wholly-owned subsidiary of Columbia Entertainment, will merge with and into Aztar, with Aztar being the surviving corporation and becoming an indirect subsidiary of Columbia Entertainment. The transaction remains subject to customary closing conditions, including the receipt of necessary gaming approvals, and is expected to close in the fourth quarter of 2006.

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