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Aztar Signs New Bank Lending Facility

23 July 2004

PHOENIX, Arizona – (PRESS RELEASE) -- Aztar Corporation (NYSE: AZR) today reported that the company has completed a $675 million senior secured syndicated credit facility that replaces various previously outstanding facilities and provides additional capital resources for the company.

The new syndicated facility consists of a five-year revolving credit facility of $550 million and a five-year term loan facility of $125 million. Bank of America, N.A., is administrative agent for the facility and Banc of America Securities LLC and Deutsche Bank Trust Company Americas acted as joint lead arrangers and joint book managers.

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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