SOURCE: Ameristar Casinos, Inc.

Ameristar Casinos, Inc.

April 26, 2011 09:00 ET

Ray Neilsen, Chairman of the Board of Ameristar Casinos, Announces Plans for Resignation

LAS VEGAS, NV--(Marketwire - Apr 26, 2011) - Ray Neilsen has announced plans to resign his position as executive Chairman of the Board and as a member of the board of directors of Ameristar Casinos, Inc. (NASDAQ: ASCA), effective May 5, 2011.

"It is now time for me to shift my attention to The Craig H. Neilsen Foundation established by my father and significantly expand my work on its programs focused on spinal cord injury (SCI) scientific research, quality-of-life for SCI patients and adult literacy and education," said Neilsen. "I am looking forward to a new chapter in my life, and I know I am leaving the Company in the hands of talented and capable people."

Ray Neilsen joined Ameristar's original Jackpot properties in 1991 after completing his M.B.A. and held several management positions in food and beverage before being promoted to Senior Vice President and General Manager of Ameristar Casino Hotel Council Bluffs and later Senior Vice President and General Manager of Ameristar Casino Hotel Vicksburg. He was later named Corporate Vice President of Operations and Special Projects before being promoted to Co-Chairman and then Chairman of the Board. Among his many accomplishments over the years were leading Ameristar Council Bluffs to become the first riverboat casino-hotel property to earn the American Automobile Association's prestigious Four Diamond Award and the spearheading of Ameristar Vicksburg's growth project that included the permanent dry-docking of the casino to facilitate its expansion from 44,500 to 70,000 square feet, a 1,000-space parking garage and additional food and beverage outlets.

"The Company has never been more successful than it is today," said Gordon R. Kanofsky, Ameristar's Chief Executive Officer. "Ameristar owes much to Ray and his family, who over the last 45 years helped transform two small casinos in Jackpot, Nevada into a leading Las Vegas-based gaming and entertainment company. Ray's knowledge and insight of the gaming industry and his passion for Ameristar invaluably contributed to our success. We will deeply miss him and wish him well."

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 East Chicago (Chicagoland area); Ameristar Casino Hotel Kansas City; Ameristar Casino Hotel Council Bluffs (Omaha, Neb., and southwestern Iowa); Ameristar Casino Hotel Vicksburg (Jackson, Miss., and Monroe, La.); Ameristar Casino Resort Spa Black Hawk (Denver metropolitan 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 www.ameristar.com (which shall not be deemedto be incorporated in or a part of this news release).

Contact Information

  • CONTACT:

    Beth Bellaro
    Communications Manager
    Ameristar Casinos, Inc.
    702-567-7052