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Ameristar Casinos Declares First Cash Dividend

31 March 2004

LAS VEGAS – (Press Release) -- Ameristar Casinos, Inc. (Nasdaq: ASCA) today announced that its Board of Directors has declared a quarterly cash dividend of $.125 per share, payable on April 30, 2004 to stockholders of record on April 14, 2004.

"As a result of the continued improvement in our operating results, we are generating significant free cash flow and are pleased to be able to return a portion of our earnings to our stockholders," said Craig H. Neilsen, President and Chief Executive Officer. "During the first 10 years of the Company's history, we used our cash flow to invest in growth opportunities and pay down debt incurred to grow the Company. Due to the success of our expansion strategies and the strength of our operations, we now believe we can concurrently invest to grow the Company, reduce debt and pay dividends."

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