AMENDMENT NO. 3 TO AMENDED AND RESTATED
LOAN AGREEMENT

        THIS AMENDMENT NO. 3 TO AMENDED AND RESTATED LOAN AGREEMENT (this
“Amendment”), dated as of December 10, 2002, is entered into by and between
Coast Hotels and Casinos, Inc., a Nevada corporation (“Borrower”) and Bank of
America, N.A. as Administrative Agent (“Agent”) for itself and for the other
Lenders.

RECITALS

A.     Borrower, Agent and the Lenders are parties to that certain Amended and
Restated Loan Agreement, dated as of September 16, 1999 (as amended, the “Loan
Agreement”).

B.     Borrower has financed the acquisition of an Aircraft with the proceeds of
Loans made under the Loan Agreement and wishes to incur Indebtedness outside of
the Loan Agreement (the “Aircraft Loan”), the proceeds of which are to be used
solely to refinance such Loans. Borrower has requested that the Agent and the
Lenders permit the Aircraft Loan as Refinanced Purchase Money Indebtedness (as
hereinafter defined) under Section 6.10(c) of the Loan Agreement.

C.     Borrower has also requested that Agent and the Lenders amend the Loan
Agreement as set forth herein and Agent and the Lenders are willing to do so on
the terms and conditions hereinafter set forth.

        NOW, THEREFORE, the parties hereby agree as follows:

1.     Defined Terms. Any and all initially capitalized terms set forth without
definition in this Amendment (including, without limitation, in the recitals
hereto) shall have the respective meanings ascribed thereto in the Loan
Agreement.

2.     Aircraft Loan. The Lenders hereby agree that the Aircraft Loan shall be
“Refinanced Purchase Money Indebtedness” for purposes of the Loan Agreement,
including, without limitation, Section 6.10(c) thereof.

3.     Section 1.1 (Defined Terms). Section 1.1 of the Loan Agreement is hereby
amended by adding the following definition in the appropriate alphabetical
order:

        “Refinanced Purchase Money Indebtedness” means Indebtedness incurred
solely for the purpose of refinancing purchase money Indebtedness provided that
such refinancing Indebtedness is incurred within 180 days of the date of the
acquisition, construction or improvement of the personal Property financed by
such purchase money Indebtedness;".

4.     Section 6.10 (Indebtedness and Contingent Obligations). Section 6.10(c)
of the Loan Agreement is amended and restated in its entirety as follows:

    “(c)        purchase money Indebtedness, Refinanced Purchase Money
Indebtedness and Capital Lease Obligations incurred when no Default or Event of
Default has occurred and remains continuing provided that the aggregate amount
of such purchase money Indebtedness, Refinanced Purchase Money Indebtedness and
Capital Lease Obligations outstanding at any time does not exceed $25,000,000
and Swap Agreements relating to such Indebtedness;".

5. Conditions Precedent. The effectiveness of this Amendment is subject to the
prior satisfaction of each of the following conditions:

(a) Agent shall have received this Amendment, duly executed by Borrower;

(b) Agent shall have received an acknowledgment, in the form attached hereto as
Exhibit A, from the Guarantor; and

(c) Agent shall have received a written consent from each of the Required
Lenders, substantially in the form of Exhibit B.

6. Reaffirmation of Loan Agreement; No Default; No Defenses; etc. Borrower
hereby reaffirms the Loan Agreement and its obligations to Agent and Lenders
thereunder. Borrower represents and warrants that there are no outstanding
Events of Default under the Loan Agreement. Borrower acknowledges that Agent and
Lenders have fully complied with their respective obligations under the Loan
Agreement and that Borrower has no defenses to the validity, enforceability or
binding effect of the Loan Agreement.

7. Counterparts. This Amendment may be executed in any number of counterparts
and by different parties on separate counterparts, each of which when so
executed and delivered shall be deemed an original and all of which when taken
together, shall constitute but one and the same instrument.

8. Otherwise Not Affected. In the event of any conflict or inconsistency between
the Loan Agreement and the provisions of this Amendment, the provisions of this
Amendment shall govern. Except to the extent set forth herein, the Loan
Agreement shall remain unaltered and in full force and effect.

[Signature Pages Follow]

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        IN WITNESS WHEREOF, the parties hereto have executed this Amendment by
their respective duly authorized officers as of the date first above written.

BORROWER:

COAST HOTELS AND CASINOS, INC.

By: /s/ Gage Parrish

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  Title:  

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ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A.
as Administrative Agent

By: /s/ Janice Hammond

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Janice Hammond Title: Vice President

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EXHIBIT A

ACKNOWLEDGMENT OF GUARANTOR

        In order to induce Agent to execute the Amendment No. 3 to Amended and
Restated Loan Agreement (the “Amendment”) of even date herewith, amending the
Amended and Restated Loan Agreement, dated as of September 16, 1999, among Coast
Hotels and Casinos, Inc., Bank of America, N.A., as Administrative Agent (the
“Agent”) and each of the Lenders from time to time party thereto, as set forth
therein (as amended, the “Loan Agreement”), and to induce the Lenders to consent
to the Amendment, the undersigned hereby represents, warrants and agrees that
the undersigned has reviewed and approved the Amendment and that nothing
contained therein shall diminish, alter, amend or otherwise affect the
undersigned’s obligations to Agent, for the benefit of Lenders, under the
Guaranty dated March 18, 1999 (the “Guaranty”) made by the undersigned in favor
of Agent for the benefit of the Lenders. The undersigned further confirms that
the Guaranty shall continue in full force and effect and agrees that it shall
continue to be liable under such Guaranty in accordance with the terms thereof.
The undersigned further confirms that it has no defense, counterclaim or offset
right whatsoever with respect to its obligations under the Guaranty. Any and all
initially capitalized terms set forth in this Acknowledgment of Guarantor shall
have the respective meanings ascribed thereto in the Loan Agreement, as amended
by the Amendment.

         Dated this 8th day of January, 2003.

"Guarantor"

COAST RESORTS, INC.,
a Nevada corporation

By: /s/ Gage Parrish

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Name: Gage Parrish

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Title: Vice President and Chief Financial Officer

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

Bank of America, N.A.

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[Name of Lender]

By: /s/ Marilyn Yang

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Name: Marilyn Yang Title:

Vice President Dated: December 31, 2002

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

BANK OF SCOTLAND

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[Name of Lender]

By: /s/ Joseph Fratus

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Name: Joseph Fratus Title:

First Vice President Dated: Jan. 6, 2003

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

THE CIT GROUP/EQUIPMENT FINANCING, INC.

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[Name of Lender]

By: /s/ Katie J. Saunders

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Name: Katie J. Saunders Title:

Senior Credit Analyst Dated: January 10, 2003

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

Comerica West Incorporated

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[Name of Lender]

By: /s/ Eion Collins

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Name: Eion Collins Title:

NP Dated: January 10, 2003

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

First Hawaiian Bank

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[Name of Lender]

By: /s/ Seydou Diallo

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Name: Seydou Diallo Title:

Media Fiance Officer Dated: January 8, 2003

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

Hibernia National Bank

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[Name of Lender]

By: /s/ Chris Haskew

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Name: Chris Haskew Title:

Vice President Dated: December 31, 2002

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

U.S. Bank

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[Name of Lender]

By: /s/ Ryan Stipe

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Name: Ryan Stipe Title:

Assistant Vice President Dated: January 9, 2003

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

Wells Fargo Bank

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[Name of Lender]

By: /s/ Rick Bokum

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Name: Rick Bokum Title:

VP Dated: January 14, 2003

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EXHIBIT B

CONSENT OF LENDER

        This Consent is delivered with reference to the proposed Amendment No. 3
to Amended and Restated Loan Agreement (the “Amendment”) of even date herewith,
amending the Amended and Restated Loan Agreement, dated as of September 16,
1999, among Coast Hotels and Casinos, Inc., Bank of America, N.A., as
Administrative Agent (the “Agent”) and each of the Lenders from time to time
party thereto, as set forth therein (as amended, the “Loan Agreement”). The
undersigned hereby consents to the execution, delivery and performance of the
Amendment substantially in the form presented to the undersigned as a draft.

West Coast Bank

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[Name of Lender]

By: /s/ Tim Johnson

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Name: Tim Johnson Title:

Vice President Dated: January 10, 2003