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Ameristar Board Elects New Member21 July 2003LAS VEGAS – (Press Release) -- Ameristar Casinos, Inc. (Nasdaq: ASCA) announced that J. William Richardson has been elected as a member of its Board of Directors. Mr. Richardson has had a distinguished career of more than 30 years in the hotel industry. He held several executive positions in Finance with Interstate Hotels Corporation since 1988, most recently Vice Chairman/Chief Financial Officer. The company was the nation's largest independent hotel management company and managed or owned more than 200 upscale, resort and independent hotels before its merger with Patriot/Wyndham in 1998 for a value of $2.1 billion. Among his accomplishments at Interstate, Mr. Richardson led an IPO that raised $375 million, he completed numerous debt offerings, structured and led a number of acquisitions, created several successful start-up divisions, and completed a large number of financial restructurings. Mr. Richardson began his hotel/finance career in 1970 as Hotel Controller with Marriott Corporation, then became Vice President and Corporate Controller of Interstate RICHARDSON APPOINTMENT Hotels in 1981, and Vice President of Finance with the start-up hotelier Stormont Company in 1984, before re-joining Interstate in 1988. Ameristar President and Chief Executive Officer Craig H. Neilsen said of the election: "I am very pleased that Bill is joining the Ameristar Board. His many years of executive leadership in the hospitality industry as well as his depth of experience in corporate finance will bring tremendous value to our Board and Audit Committee." Mr. Richardson holds a bachelor's degree in Business/Finance from the University of Kentucky. He serves on the board of directors of LendSource, Inc., and is actively involved in the community through board service for the Leukemia & Lymphoma Society, Childrens International Summer Villages and the River City Brass Band. Ameristar Casinos, Inc. is an innovative, Las Vegas-based entertainment company known for its distinctive, quality conscious hotel casinos and value orientation. The organization's roots go back nearly five decades to a tiny roadside casino located in the high plateau country that borders Idaho and Nevada. Publicly held since November 1993, the corporation owns and operates six properties in Nevada, Missouri, Iowa and Mississippi, two of which carry the prestigious American Automobile Association's Four Diamond designation. |