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Ameristar Casinos Declares Cash Dividend

16 May 2005

LAS VEGAS – (PRESS RELEASE) -- Ameristar Casinos, Inc. (Nasdaq: ASCA) today announced that its Board of Directors has declared a quarterly cash dividend of $.15625 per share, payable on June 20, 2005 to stockholders of record on June 6, 2005. The dividend will be paid on the outstanding shares prior to giving effect to the previously announced 2-for-1 split of the Company's common stock to become effective at the close of business on June 6, 2005.

Ameristar Casinos, Inc. is a leading Las Vegas-based gaming and entertainment company known for its premier properties characterized by innovative architecture, state-of-the-art casino floors and superior dining, lodging and entertainment offerings. Ameristar's focus on the total entertainment experience and the highest quality guest service has earned it a leading market share position in each of the six markets in which it operates. Founded in 1954 in Jackpot, Nevada, Ameristar has been a public company since November 1993. The company has a portfolio of seven casinos in six markets: Ameristar St. Charles (greater St. Louis); Ameristar Kansas City; Ameristar Council Bluffs (Omaha, Nebraska and southwestern Iowa); Ameristar Vicksburg (Jackson, Mississippi and Monroe, Louisiana); Mountain High Casino Black Hawk (greater Denver, Colorado); and Cactus Petes and the Horseshu in Jackpot, Nevada (Idaho and the Pacific Northwest).

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