Aztar Corporation

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International Guild of Hospitality & Restaurant Managers

Aztar Corporation (NYSE:AZR)

2390 East Camelback Road, Suite 400
Phoenix, AZ 85016

Phone: (602) 381-4100
Fax: (602) 381-4108
Email: azrcorp@aztar.com
Employees (last reported count): 9,700

Aztar Corporation, incorporated in June 1989, operates casino hotels in Atlantic City, New Jersey, and Las Vegas, Nevada, under the Tropicana name and in Laughlin, Nevada, as Ramada Express. The Company also operates casino riverboats in Caruthersville, Missouri, and Evansville, Indiana, under the Casino Aztar name. Aztar is an experienced developer and operator of casinos that provide a gaming environment. Each of its casinos is designed and operated to serve the unique demographics of its particular market.

Tropicana Atlantic City

Tropicana Casino and Resort encompasses approximately 14 acres of land, including an adjoining development site, with 220 yards of ocean frontage along the boardwalk in Atlantic City. Tropicana Atlantic City features 1,624 hotel rooms and a 137,000-square-foot casino with 4,136 slot machines, 174 table games, a baccarat lounge and a poker room. This facility has parking facilities to accommodate 3,400 vehicles. Tropicana Atlantic City also features a 2,003-seat theatrical showroom, which regularly presents headliner entertainment; approximately 50,000 square feet of meeting, convention and banquet space; four gourmet restaurants and several medium-priced restaurants, and other amenities, including indoor and outdoor swimming pools, tennis courts, a health and fitness club and a jogging track.

On April 22, 2002, the Company commenced construction on an expansion of its Tropicana Atlantic City. The expansion includes 502 additional hotel rooms, 20,000 square feet of meeting space, 2,400 parking spaces and The Quarter, the project's centerpiece, which is a 200,000-square-foot dining, entertainment and retail center. The Company anticipates opening by March 1, 2004.

The primary target market for Tropicana Atlantic City is the area consisting of New Jersey, New York and Pennsylvania. Based on census data, there are approximately 27 million persons within a 120-mile radius of Atlantic City and 62 million persons within a 300-mile radius.

Boyd Gaming Corporation and MGM Mirage have entered into a joint venture to construct a major casino resort called The Borgata to be located in Atlantic City's Marina District.

Tropicana Las Vegas

Tropicana Resort and Casino is located on approximately 34 acres on the Strip in Las Vegas, Nevada. The Tropicana has 1,875 hotel rooms and suites and a 62,000-square-foot casino containing 1,437 slot machines and 32 table games. The facility also has parking to accommodate approximately 2,300 vehicles. Tropicana Las Vegas also features indoor/outdoor swimming pools, a five-acre water park and tropical garden, approximately 100,000 square feet of convention and exhibit space, seven restaurants and the Folies Bergere, one of the longest-running shows in Las Vegas. Together with the MGM Grand, Excalibur, Luxor, Monte Carlo and New York-New York mega-resorts, the Tropicana Las Vegas is located at the intersection known as the New Four Corners at Las Vegas Boulevard and Tropicana Avenue.

Aztar leased the Tropicana Las Vegas, through a wholly owned subsidiary, from an unconsolidated partnership, Tropicana Enterprises, a Nevada general partnership in which the Company had a non-controlling 50% interest. On February 28, 2002, the Company purchased the 50% partnership interest that it did not own.

Tropicana Las Vegas competes with Mandalay Bay, Venetian, Aladdin and Paris, among others.

Ramada Express

Ramada Express Hotel and Casino is located on approximately 31 acres in Laughlin, Nevada. Laughlin is situated on the Colorado River at Nevada's southern tip. The Ramada Express features a Victorian-era railroad theme, which includes a train that carries guests between the parking areas and the casino hotel. The property has 1,500 hotel rooms and a 52,000-square-foot casino containing 1,558 slot machines and 28 table games. The facility also has parking to accommodate 2,900 vehicles. Ramada Express also features five restaurants, a lounge and special events and retail space.

Casino Aztar Evansville

Casino Aztar Evansville operates on the Ohio River in Evansville. The facility encompasses approximately 15 acres and contains approximately 38,360 square feet of casino space with 1,360 slot machines and 54 table games. Casino Aztar Evansville has a 250-room hotel and has parking for 1,700 vehicles. The casino riverboat is certified to carry 2,700 passengers and a crew of 300. The 44,000-square-foot pavilion, which accompanies the riverboat, contains passenger ticketing and pre-boarding facilities, including four restaurants, an entertainment lounge, a gift shop and a full-service Starbucks Coffee.

Casino Aztar Evansville competes primarily with an Indiana riverboat in the Louisville, Kentucky, market area. It also indirectly competes with the Belterra Casino Resort, a hotel and riverboat casino in Switzerland County, Indiana.

Casino Aztar Caruthersville

Casino Aztar Caruthersville operates on a 37-acre site on the Mississippi River in Caruthersville, Missouri. The property is located in close proximity to I-55, the major north-south interstate running along the Mississippi River. It serves the southeast Missouri market, including the neighboring states of Illinois, Kentucky, Tennessee and Arkansas. The casino riverboat has a capacity of 1,200 passengers plus crew and contains approximately 20,000 square feet of casino space with 705 slot machines and 14 table games. The facility has parking for 1,000 vehicles, including recreational vehicles. The property's passenger pavilion provides ticketing and pre-boarding facilities, including a restaurant, a sports lounge, a snack bar and other amenities.

In addition, a climate-controlled pavilion and an outdoor arena are used for exhibitions, entertainment, rodeo competitions and other events. The Company has some unused land at this site and is encouraging third-party developers to develop facilities on this land that would complement its operations

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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