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AMERISTAR CASINOS, INC.
OFFER TO EXCHANGE
ANY AND ALL OF ITS OUTSTANDING
10 3/4% SENIOR SUBORDINATED NOTES DUE 2009
FOR ITS 10 3/4% SENIOR SUBORDINATED EXCHANGE NOTES DUE 2009
TO OUR CLIENTS:
Enclosed for your consideration is a Prospectus, dated May 24, 2001 (the
"Prospectus"), and the related Letter of Transmittal (the "Letter of
Transmittal"), relating to the offer (the "Exchange Offer") of Ameristar
Casinos, Inc. (the "Company") to exchange a principal amount of its 10 3/4%
Senior Subordinated Exchange Notes due 2009 (the "Exchange Notes"), which
exchange has been registered under the Securities Act of 1933, as amended,
pursuant to a registration statement of which the Prospectus is part, for an
equal principal amount of its outstanding 10 3/4% Senior Subordinated Notes due
2009 (the "Old Notes") of which $380 million in aggregate principal amount are
outstanding as of the date hereof, upon the terms and subject to the conditions
described in the Prospectus and the Letter of Transmittal. The Exchange Offer is
being made in order to satisfy certain obligations of the Company contained in
the Registration Rights Agreement, dated as of February 2, 2001 (the
"Registration Rights Agreement"), by and among the Company, as the issuer, the
Guarantors listed on Schedule A of the Registration Rights Agreement (the
"Guarantors") and Deutsche Banc Alex. Brown, Bear Stearns & Co. Inc. and
Wasserstein Perella Securities, Inc., as initial purchasers (in such capacities,
the "Initial Purchasers").
This material is being forwarded to you as the beneficial owner of the Old
Notes carried by us in your account but not registered in your name. A tender of
such Old Notes may only be made by us as the holder of record and pursuant to
your instructions.
Accordingly, we request instructions as to whether you wish us to tender on
your behalf the Old Notes held by us for your account, pursuant to the terms and
conditions set forth in the enclosed Prospectus and Letter of Transmittal.
Your instructions should be forwarded to us as promptly as possible in
order to permit us to tender the Old Notes on your behalf in accordance with the
provisions of the Exchange Offer. The Exchange Offer will expire at 5:00 p.m.,
New York City time, on June 25, 2001, unless extended by the Company. Any Old
Notes tendered pursuant to the Exchange Offer may be withdrawn at any time
before the Expiration Date.
Your attention is directed to the following:
1. The Exchange Offer is for any and all Old Notes.
2. The Exchange Offer is subject to certain conditions set forth in
the Prospectus in the section captioned "The Exchange Offer."
3. Any transfer taxes incident to the transfer of Old Notes from the
holder to the Company will be paid by the Company, except as otherwise
provided in the Instructions in the Letter of Transmittal.
4. The Exchange Offer expires at 5:00 p.m., New York City time, on
June 25, 2001, unless extended by the Company.
If you wish to have us tender your Old Notes, please so instruct us by
completing, executing and returning to us the instruction form on the back of
this letter. THE LETTER OF TRANSMITTAL IS FURNISHED TO YOU FOR INFORMATION ONLY
AND MAY NOT BE USED DIRECTLY BY YOU TO TENDER OLD NOTES.
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INSTRUCTIONS WITH RESPECT TO
THE EXCHANGE OFFER
The undersigned acknowledge(s) receipt of your letter and the enclosed
material referred to therein relating to the Exchange Offer made by Ameristar
Casinos, Inc. with respect to its Old Notes.
This will instruct you to tender the Old Notes held by you for the account
of the undersigned, upon and subject to the terms and conditions set forth in
the Prospectus and the related Letter of Transmittal.
Please tender the Old Notes held by you for my account as indicated below:
10 3/4% SENIOR SUBORDINATED NOTES DUE 2009
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[ ] Please do not tender any Old Notes held by you for my [ ] Please tender --------------- aggregate principal
account. amount of the Old Notes held by you for my account.
Dated: ------------------------------ , 2001 -----------------------------------------------------------
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SIGNATURE(S)
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PLEASE PRINT NAME(S) HERE
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ADDRESS(ES)
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AREA CODE AND TELEPHONE NUMBER
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TAX IDENTIFICATION OR SOCIAL SECURITY NO(S).
None of the Old Notes held by us for your account will be tendered unless
we receive written instructions from you to do so. Unless a specific contrary
instruction is given in the space provided, your signature(s) hereon will
constitute an instruction to us to tender all the Old Notes held by us for your
account.
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