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Ameristar Passes on Biloxi Market

12 August 2005

BILOXI, Mississippi – As reported by the Biloxi Sun Herald: "Ameristar Casinos tested the water, but decided against plunging into Biloxi's highly competitive market.

"The company will reinvest in its properties instead of putting a new resort on the tip of the Biloxi Peninsula. The proposed location, a city block between the Palace Casino and First Street, will continue to be offered to developers.

"Ameristar, which has a business strategy of being the market leader wherever it operates a casino, is spending $150 million to upgrade its property in Vicksburg, where new competitors are proposing two casinos…"

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