SOURCE: Ameristar Casinos, Inc.

Ameristar Casinos, Inc.

May 06, 2011 15:50 ET

Ameristar Casinos Lowers Flood Risk Assessment for Ameristar Vicksburg

LAS VEGAS, NV--(Marketwire - May 6, 2011) - Ameristar Casinos, Inc. (NASDAQ: ASCA) today announced that based on current estimates by the U.S. Army Corps of Engineers for the Mississippi River and flood protection enhancements at Ameristar Casino Hotel Vicksburg, it no longer believes its casino facility at Ameristar Casino Hotel Vicksburg is at risk for significant property damage from flooding in the coming weeks. In order to ensure the safety of guests and team members, Ameristar Vicksburg may be required to close for up to approximately two weeks. If closure is required, we believe it likely would commence a week to ten days before the crest, which is anticipated on or about May 20, 2011.

Gordon Kanofsky, Ameristar's Chief Executive Officer, said, "We are very pleased the risk assessment has been reduced such that the disruption to our operations, team members and guests at Ameristar Vicksburg is expected to be limited."

Forward-Looking Information
This release contains certain forward-looking information that generally can be identified by the context of the statement or the use of forward-looking terminology, such as "believes," "estimates," "anticipates," "intends," "expects," "plans," "is confident that," "should" or words of similar meaning, with reference to Ameristar or our management. Similarly, statements that describe our future plans, objectives, strategies, financial results or position, operational expectations or goals are forward-looking statements. It is possible that our expectations may not be met due to various factors, many of which are beyond our control, and we therefore cannot give any assurance that such expectations will prove to be correct. For a discussion of relevant factors, risks and uncertainties that could materially affect our future results, attention is directed to "Item 1A. Risk Factors" and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2010.

About Ameristar
Ameristar Casinos, Inc. is a leading Las Vegas-based gaming and entertainment company known for its premier properties characterized by state-of-the-art casino floors and superior dining, lodging and entertainment offerings. Ameristar's focus on the highest quality gaming experience and exceptional guest service has earned it leading positions in the markets in which it operates. Founded in 1954 in Jackpot, Nev., Ameristar has been a public company since November 1993. The Company has a portfolio of eight casinos in seven markets: Ameristar Casino Resort Spa St. Charles (greater St. Louis); Ameristar Casino Hotel Kansas City; Ameristar Casino Hotel Council Bluffs (Omaha, Neb., and southwestern Iowa); Ameristar Casino Resort Spa Black Hawk (Denver metropolitan area); Ameristar Casino Hotel Vicksburg (Jackson, Miss., and Monroe, La.); Ameristar Casino Hotel East Chicago (Chicagoland area); and Cactus Petes Resort Casino and The Horseshu Hotel and Casino in Jackpot, Nev. (Idaho and the Pacific Northwest).

Visit Ameristar Casinos' website at (which shall not be deemed to be incorporated in or a part of this news release).

Contact Information

    Beth Bellaro
    Communications Manager
    Ameristar Casinos, Inc.