Law Office of Brodsky & Smith, LLC Announces Investigation of Ameristar Casinos, Inc.

  Law Office of Brodsky & Smith, LLC Announces Investigation of Ameristar
  Casinos, Inc.

Business Wire

BALA CYNWYD, Pa. -- January 10, 2013

Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Ameristar Casinos, Inc.
(“Ameristar” or the “Company”) (Nasdaq: ASCA) relating to the proposed
acquisition by Pinnacle Entertainment, Inc. (“Pinnacle”).

Under the terms of the transaction, Ameristar shareholders will receive only
$26.50 in cash for each share of Ameristar stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of state law
by the Board of Directors of Ameristar for not acting in the Company’s
shareholders' best interests in connection with the sale process to Pinnacle.
The transaction may undervalue the Company as Ameristar expects to open its
500 million Lake Charles, La. project in 2014. In addition, an analyst has set
a price target for Ameristar stock at $29.00 per share.

If you own shares of Ameristar stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/524-asca-ameristar-casinos-inc.html, by calling toll
free 877-LEGAL-90.

Contact:

Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/524-asca-ameristar-casinos-inc.html
 
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