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Ameristar Warns on Low Margins

21 October 2002

LAS VEGAS – As reported by Reuters: "Ameristar Casinos Inc. (NasdaqNM:ASCA) on Monday said it expects third-quarter earnings to fall short of analyst estimates because of lower-than-expected operating margins at its new St. Charles property in Missouri.

"The company said it expects to earn 43 cents per share before one-time items. Including those charges, Ameristar said it expects to earn 29 cents per share.

"…Wall Street analysts, on average, were expecting the company to earn 51 cents, with a range of 47 cents to 55 cents.

"…Shares of Las Vegas-based Ameristar closed at $14.74 in Friday trading on the Nasdaq stock market…"

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