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November 16, 2009

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Gabelli increases stake in Tropicana operator

Thursday, March 9, 2000 | 11:05 a.m.

New York investor Mario Gabelli reported a sizable increase in his holdings in Phoenix-based Aztar Corp., the operator of the Tropicana hotel-casino on the Las Vegas Strip.

In a filing today with the Securities and Exchange Commission, Gabelli's funds reported control of 6.36 million Aztar shares, a 14.6 percent stake in the company.

The form indicated Gabelli increased his funds' stake in Aztar by 405,800 shares since Jan. 10, a 6.8 percent increase. The purchases, primarily through GAMCO Investors Inc., were at prices ranging from $8.50 to $10.31 per share.

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