Ameristar Casinos, Inc. Announces Extension of Consent Solicitation Relating to 7.50% Senior Notes Due 2021

Ameristar Casinos, Inc. Announces Extension of Consent Solicitation Relating to 
7.50% Senior Notes Due 2021 
LAS VEGAS, NV -- (Marketwire) -- 03/20/13 --   Ameristar Casinos,
Inc. (NASDAQ: ASCA) ("Ameristar") announced today that it is
extending the expiration date of its previously announced consent
solicitation (the "Consent Solicitation") seeking consents from
holders of the $1,040,000,000 outstanding principal amount of its
7.50% Senior Notes due 2021 (the "Notes") for waivers (the "Proposed
Waivers") of and amendments (the "Proposed Amendments") to certain
provisions of the indenture governing the Notes.  
The Consent Solicitation, which was previously scheduled to expire at
5:00 p.m., New York City time, on March 22, 2013, will be extended to
5:00 p.m., New York City time, on March 27, 2013, unless further
extended or terminated by Ameristar (as such time may be further
extended, the "Expiration Time"). 
All other terms and conditions of the Consent Solicitation, as set
forth in the Consent Solicitation Statement dated March 18, 2013 (the
"Consent Solicitation Statement"), remain the same. 
The Consent Solicitation is being made solely on the terms and
subject to the conditions set forth in the Consent Solicitation
Statement and the accompanying Consent Letter. Holders of Notes are
urged to review the Consent Solicitation Statement and Consent Letter
for the detailed terms of the consent solicitation and the procedures
for consenting to the Proposed Amendments and Proposed Waivers. Any
persons with questions regarding the consent solicitation should
contact the Solicitation Agents, J.P. Morgan at (212) 270-1200
(collect) or (800) 245-8812 (toll free), Goldman, Sachs & Co. at
(212) 902-5183 (collect) or (800) 828-3182 (toll free), Barclays at
(212) 528-7581 (collect) or (800) 438-3242 (toll free), BofA Merrill
Lynch at (980) 388-3646 (collect) or (888) 292-0070 (toll free),
Credit Agricole CIB at (212) 261-3678 (collect), Deutsche Bank
Securities at (212) 250-7527 (collect) or (855) 287-1922 (toll free),
UBS Investment Bank at (203) 719-7991 (collect) or Wells Fargo
Securities at (704) 410-4760 (collect) or (866) 309-6316 (toll free). 
This announcement is for informational purposes only and is neither
an offer to sell nor a solicitation of an offer to buy any
This announcement is also not a solicitation of consents with respect
to the Proposed Waivers and Proposed Amendments or any securities. No
recommendation is being made as to whether holders of Notes should
consent to the Proposed Waivers and Proposed Amendments. The
solicitation of consents is not being made in any jurisdiction in
which, or to or from any person to or from whom, it is unlawful to
make such solicitation under applicable state or foreign securities
or "blue sky" laws.  
About Ameristar Casinos  
Ameristar Casinos is an innovative casino gaming company featuring
the newest and most popular slot machines. Our 7,100 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. 
Forward-Looking Statements  
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include information concerning possible or
assumed future results of operations, descriptions of our business
plans and strategies and the effects of the previously announced
proposed merger between Ameristar and Pinnacle Entertainment, Inc.
("Pinnacle"), the Proposed Waivers and the Proposed Amendments on the
Notes or on Ameristar or Pinnacle after the merger, if consummated.
These statements often include words such as "anticipate," "expect,"
"suggest," "plan," "believe," "intend," "estimate," "target,"
"project," "forecast," "should," "could," "would," "may," "will" and
other similar expressions. We have based these forward-looking
statements on our current expectations, plans and assumptions that we
have made in light of our experience in the industry, as well as our
perceptions of historical trends, current conditions, expected future
developments and other factors we believe are appropriate under the
circumstances and at the time such statements were made. Although we
believe that these forward-looking statements are based on reasonable
assumptions, you should be aware that many important factors could
affect Ameristar's, Pinnacle's or the combined company's actual
financial condition or results of operations, the proposed merger
between Ameristar and Pinnacle, the Proposed Waivers and Proposed
Amendments, or the Notes, and could cause actual results to differ
materially from those expressed in the forward-looking statements.
Such factors include, but are not limited to, those set forth under
the heading "Solicitation Considerations" in the Consent Solicitation
Statement, in the respective Annual Reports on Form 10-K of Ameristar
and Pinnacle for the fiscal year ended December 31, 2012 and in any
report, statement or other information of Ameristar and Pinnacle that
is incorporated by reference in the Consent Solicitation Statement.
You should consider these areas of risk in connection with
considering any forward-looking statements that may be made by us
generally. The forward-looking statements contained in this press
release speak only as of the date of this press release. Except as
may be required by the federal securities laws, we undertake no
obligation to revise these forward-looking statements to reflect
events or circumstances arising after the date of this press release
or to reflect the occurrence of unanticipated events.  
Visit Ameristar Casinos' website at (which shall
not be deemed to be incorporated in or a part of this news release). 
Tom Steinbauer
Senior Vice President, Chief Financial Officer
Ameristar Casinos, Inc.
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