Ameristar Casinos Terminates Efforts to Pursue Western

Ameristar Casinos Terminates Efforts to Pursue Western Massachusetts
Casino License 
LAS VEGAS, NV and SPRINGFIELD, MA -- (Marketwire) -- 11/30/12 --  
Ameristar Casinos, Inc. (NASDAQ: ASCA) announced today it has decided
to terminate its efforts to seek a casino license in western
Massachusetts. Although the Company believes it had the superior
proposal for a casino in western Massachusetts, the Company concluded
that there is not a sufficient likelihood that the basis upon which
it could be awarded the license to develop and operate a casino in
Springfield is favorable enough to warrant its further pursuit.
Specifically, the local selection process, various project
requirements and associated costs led to the decision to reserve
Ameristar's resources for the Company's growth and diversification
for other more attractive opportunities. 
Ameristar has not made a determination at this time concerning plans
for marketing the 40-acre site it owns on Page Boulevard in
Springfield. Ameristar believes this is the single largest
commercially developable site in the City of Springfield. The site's
size, location and ease of access to major highways make it
attractive for a variety of large scale developments in addition to a
casino. 
"This was a difficult decision that will unfortunately result in us
not being able to bring a world-class casino entertainment facility
to western Massachusetts. However, I am extremely proud of the
efforts of our team members who aggressively pursued this project. We
are grateful for the hundreds of meaningful relationships we have
built in the Pioneer Valley and the Commonwealth and for the
widespread community support we received over the last year while
introducing New Englanders to our Company," said Gordon Kanofsky,
Ameristar's Chief Executive Officer. 
Ameristar will continue its disciplined pursuit of acquisition and
development opportunities to grow and diversify the Company that meet
its risk and return on investment criteria. Ameristar seeks to
maximize long-term shareholder value through the efficient operation
of its properties and a balanced approach to debt repayment,
dividends, share repurchases and the strategic pursuit of growth
opportunities. 
About Ameristar 
Ameristar Casinos is an innovative casino gaming company featuring
the newest and most popular slot machines. Our 7,200 dedicated team
members pride themselves on delivering consistently friendly and
appreciative service to our guests. We continuously strive to
increase the loyalty of our guests through the quality of our slot
machines, table games, hotel, dining and other leisure offerings. Our
eight casino hotel properties primarily serve guests from Colorado,
Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi,
Missouri, Nebraska and Nevada. We began construction on our ninth
property, a casino resort in Lake Charles, La., in July 2012, which
we expect will open in the third quarter of 2014. We have been a
public company since 1993, and our stock is traded on the Nasdaq
Global Select Market. We generate more than $1 billion in net
revenues annually.  
Visit Ameristar Casinos' website at www.ameristar.com (which shall
not be deemed to be incorporated in or a part of this news release). 
CONTACT: 
Roxann M. Kinkade, APR 
Director of Communications 
Ameristar Casinos, Inc. 
816-414-7007 (office) 
816-719-9494 (mobile)