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Ameristar Amends Credit Pact

5 December 2002

WASHINGTON, DC – As reported by the Dow Jones: "Ameristar Casinos Inc. (NasdaqNM:ASCA) amended its credit facility to increase the capital expenditures permitted for the recently completed St. Charles project to $210 million from $180 million.

"…Ameristar Casinos also said it received commitments for and borrowed an additional $100 million under the B term loan tranche of the agreement.

"The company will use the proceeds of the loans to temporarily repay the outstanding balance under the revolving loan facility of the credit agreement.

"Ameristar Casinos will also use proceeds to pay construction and other costs related to capital expenditure projects and for working capital and other general purposes…"

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