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Ameristar Casinos reports Q4 results

2 February 2007

LAS VEGAS, Nevada – (PRESS RELEASE) -- Ameristar Casinos, Inc. (Nasdaq: ASCA) today announced record fourth quarter and annual 2006 financial results.

Highlights

* All-time records for fourth quarter consolidated net revenues, operating income, EBITDA, net income and diluted earnings per share(1)

* Fifth consecutive year of record annual consolidated net revenues, operating income and EBITDA, as well as net income and diluted earnings per share after adjustment for loss on early retirement of debt(1)

* Fourth quarter EBITDA increased 6.4% to $66.1 million

* Fourth quarter diluted earnings per share grew 24.0% to $0.31

* 2006 adjusted diluted earnings per share grew 15.5% to $1.34

* Exceeded diluted earnings per share guidance for the quarter and year by $0.05

John Boushy, CEO and President, stated: "2006 was the most prosperous year in our company's history. Our record fourth quarter performance was achieved while the entire Ameristar team mourned the loss of our founder, Chairman and CEO, Craig H. Neilsen. He leaves us a tremendous legacy and a strong foundation for future growth.

"Over the next three to five years, our goal is to double our EBITDA. We intend to grow through our continued commitment to being the most profitable operator in our markets along with high-quality investments that produce attractive incremental returns at existing properties. Additionally, we expect to capture strong, unmet demand for the Ameristar experience by aggressively pursuing acquisition opportunities in new locations that diversify our revenue base and increase our profitability.

"Our record fourth quarter and annual financial results are a testament to our ability to profitably grow the Ameristar brand by providing the highest quality facilities in our markets and the most complete entertainment experience for our guests. The dedication of our 7,200 team members to constantly deliver excellent guest experiences is truly inspiring. Our commitment to quality clearly differentiates us from our competition."

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