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Ameristar Casinos Increases Cash Dividend

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 March 15, 2005 to stockholders of record on March 1, 2005. This represents an annual rate of $.625 per share, a 25% increase over the amount Ameristar paid in 2004.

"As a result of the continued improvement in our operating results, we are pleased to be able to increase the amount that we are returning to our stockholders," said Craig H. Neilsen, Chairman and CEO.

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