Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

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…"

< Gaming News