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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: BROKERS, DEALERS, COMMERCIAL BANKS, TRUST COMPANIES, AND OTHER NOMINEES:

     Ameristar Casinos, Inc. (the "Company") is offering, upon and subject to
the terms and conditions set forth in the Prospectus, dated May 24, 2001 (the
"Prospectus"), and the enclosed Letter of Transmittal (the "Letter of
Transmittal") (which together constitute the "Exchange Offer"), to exchange a
principal amount of its 10 3/4% Senior Subordinated Exchange Notes due 2009 (the
"Exchange Notes") pursuant to a registration statement of which the Prospectus
is a part (the "Registration Statement") for an equal principal amount of its
issued and outstanding 10 3/4% Senior Subordinated Notes due 2009 (the "Old
Notes," and collectively with the Exchange Notes, the "Senior Subordinated
Notes") of which $380 million in aggregate principal amount are outstanding as
of the date hereof. 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").

     We are requesting that you contact your clients for whom you hold Old Notes
regarding the Exchange Offer. For your information and for forwarding to your
clients for whom you hold Old Notes registered in your name or in the name of
your nominee, or who hold Old Notes registered in their own names, we are
enclosing the following documents:

          1. Prospectus dated May 24, 2001;

          2. The Letter of Transmittal for your use and for the information of
     your clients;

          3. A Notice of Guaranteed Delivery to be used to accept the Exchange
     Offer, if certificates for Old Notes are not immediately available, or time
     will not permit all required documents to reach the Exchange Agent prior to
     the Expiration Date (as defined below), or if the procedure for book-entry
     transfer cannot be completed on a timely basis;

          4. A form of letter that may be sent to your clients for whose account
     you hold Old Notes registered in your name or the name of your nominee,
     with space provided for obtaining such clients' instructions with regard to
     the Exchange Offer;

          5. Guidelines for Certification of Taxpayer Identification Number on
     Substitute Form W-9; and

          6. Return envelopes addressed to U.S. Bank Trust National Association,
     the Exchange Agent for the Old Notes.

     Your prompt action is requested. The Exchange Offer will expire at 5:00
p.m., New York City time, June 25, 2001 unless extended by the Company (the
"Expiration Date"). Old Notes tendered pursuant to the Exchange Offer may be
withdrawn at any time before the Expiration Date.

     To participate in the Exchange Offer, a duly executed and properly
completed Letter of Transmittal (or facsimile thereof), with any required
signature guarantees and any other required documents, should be sent to the
Exchange Agent, and certificates representing the Old Notes should be delivered
to the Exchange Agent, all in accordance with the instructions set forth in the
Letter of Transmittal and the Prospectus.

     If holders of Old Notes wish to tender, but it is impracticable for them to
forward their certificates for Old Notes prior to the expiration of the Exchange
Offer or to comply with the book-entry transfer procedures on a timely basis, a
tender may be effected by following the guaranteed delivery procedures described
in the Prospectus under "The Exchange Offer -- Procedures for Tendering Old
Notes -- Guaranteed Delivery."

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     The Company will, upon request, reimburse brokers, dealers, commercial
banks, and trust companies for reasonable and necessary costs and expenses
incurred by them in forwarding the Prospectus and the related documents to the
beneficial owners of Old Notes held by them as nominee or in a fiduciary
capacity. The Company will pay or cause to be paid all stock transfer taxes
applicable to the exchange of Old Notes pursuant to the Exchange Offer, except
as set forth in Instruction 5 of the Letter of Transmittal.

     Any inquiries you may have with respect to the Exchange Offer, or requests
for additional copies of the enclosed materials, should be directed to U.S. Bank
Trust National Association, the Exchange Agent for the Old Notes, at its address
and telephone number set forth on the front of the Letter of Transmittal.

                                         Very truly yours,

                                         AMERISTAR CASINOS, INC.

     NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY
PERSON AS AN AGENT OF AMERISTAR CASINOS, INC. OR THE EXCHANGE AGENT, OR
AUTHORIZE YOU OR ANY OTHER PERSON TO USE ANY DOCUMENT OR MAKE ANY STATEMENTS ON
BEHALF OF EITHER OF THEM WITH RESPECT TO THE EXCHANGE OFFER, EXCEPT FOR
STATEMENTS EXPRESSLY MADE IN THE PROSPECTUS OR THE LETTER OF TRANSMITTAL.

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