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AZTAR ANNOUNCES SEC FILING FOR SALE OF SUBORDINATED NOTES

 AZTAR ANNOUNCES SEC FILING FOR SALE OF SUBORDINATED NOTES
 PHOENIX, Aug. 19 /PRNewswire/ -- Aztar Corporation (NASDAQ-NMS: AZTR) announced today that it has filed with the Securities and Exchange Commission a registration statement related to the proposed offering of $185 million in 10-year senior subordinated notes.
 The company plans to use substantially all of the net proceeds to redeem the $171 million outstanding 12 percent first mortgage notes due 1996 of Ambassador General Partnership and to pay a redemption premium of approximately $5 million.
 Underwriters for the offering are Salomon Brothers Inc. and Donaldson, Lufkin and Jenrette.
 Aztar Corporation, a publicly held casino gaming company, operates TropWorld Casino and Entertainment Resort in Atlantic City, N.J., the Tropicana Resort and Casino, Las Vegas, and the Ramada Express Hotel and Casino in Laughlin, Nev.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but it has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/19/92
 /CONTACT: Joe Cole, VP-corporate communications of Aztar, 602-381-4111/
 (AZTR) CO: Aztar Corp. ST: Arizona IN: CNO SU: OFR


AL -- LA020 -- 1371 08/19/92 13:23 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
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