Ameristar Increases Earnings Guidance

LAS VEGAS – (Press Release) -- Ameristar Casinos, Inc. (Nasdaq: ASCA) today announced that, based on preliminary results of operations to date, it is increasing its previously issued earnings guidance for the quarter ending March 31, 2004.

For the quarter ending March 31, 2004, we currently estimate consolidated operating income of $41 million to $42 million (increased from prior guidance of $33 million to $35 million), EBITDA(1) of approximately $58 million (increased from prior guidance of $50 million to $52 million), and diluted earnings per share of approximately $0.57 (increased from prior guidance of $0.40 to $0.44).

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