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Ameristar falls on dampened buyout hopes

25 March 2008

NEW YORK -- As reported by the Associated Press: "Shares of Ameristar Casinos Inc. dipped Tuesday as an analyst dampened hopes of a potential buyout, blaming the gaming operator's debt.

"Justin Sebastiano of Morgan Joseph & Co. said Ameristar has likely been getting a boost from speculation that the Las Vegas-based company will be acquired, but the analyst thinks the chatter is unwarranted in the near term.

"...Shares of Ameristar Casinos fell 63 cents, or 3.1 percent, to $19.95 in morning trading. Over the past year, the stock has traded between $17.24 and $38.

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