Financial Main Page
| IGHRM
Main Page
Disclaimer:
International Guild of Hospitality & Restaurant Managers
3773 Howard Hughes Parkway
Suite 490 South
Las Vegas, NV 89109
Phone: (702) 567-7000
Fax: (702) 755-2737
Ameristar Casinos, Inc.,
incorporated in 1993, is a multi-jurisdictional developer, owner and operator of
casinos and related hotel and entertainment facilities in local markets. The
Company owns six properties in five markets located in Missouri, Iowa,
Mississippi and Nevada, catering to customers primarily residing within a
100-mile radius of its properties. Ameristar's properties include Ameristar
Kansas City, Ameristar St. Charles and Ameristar Vicksburg, as well as Cactus
Petes Resort Casino and The Horseshu Hotel & Casino (the Jackpot properties).
All of the Company's properties include table games, such as blackjack, craps
and roulette. In addition, Ameristar Kansas City, Ameristar St. Charles,
Ameristar Vicksburg and Cactus Petes offer poker, and the Jackpot properties
offer keno and sports book wagering. Ameristar generally emphasizes competitive
minimum and maximum betting limits based on each market. The Company extends
credit to its Mississippi and Nevada gaming customers only in limited
circumstances and limited amounts on a short-term basis, and in accordance with
the credit restrictions imposed by gaming regulatory authorities.
Ameristar Kansas City is a fully integrated gaming, dining, lodging and
entertainment complex located seven miles from downtown Kansas City. Ameristar
Kansas City is specifically designed to attract customers from the greater
Kansas City area, as well as strong visitor and overnight markets. The casino,
which opened in 1997, and entertainment complex includes a 115,000-square-foot
casino with approximately 2,886 slot and video poker machines and 111 table
games, including a poker room, a 184-room hotel and other related facilities. An
additional 25,000 square feet of space on the second level of the gaming floor,
formerly utilized for gaming, is now available for meetings and special events.
Ameristar Kansas City has 4,500 parking spaces, and construction is underway on
a 2,650-space parking garage expected to be completed in July 2002. Ameristar
Kansas City also provides a wide variety of dining and entertainment options,
boasting 15 food outlets ranging from upscale restaurants to express food
outlets and 11 bars/lounges. The Grand Pavilion seats more than 1,300 guests and
plays host to a variety of headline entertainers and sporting events. Live
entertainment is also offered at the Horseshoe Saloon, which seats 165. A
18-screen movie theater complex, gift shop, video arcade and Kid's Quest
activity center are also located at Ameristar Kansas City.
Ameristar St. Charles is a master-planned gaming and entertainment facility
located on approximately 52 acres, and features a historic Missouri riverboat
theme. The property features an elevated roadway and a 4,000-space, five-story
parking structure located above the existing flood plain. The casino at
Ameristar St. Charles opened in 1994, and features approximately 45, 000 square
feet of gaming space, 1,900 slot machines and 30 table games. The Company is in
the process of constructing a new casino and entertainment complex that will
contain approximately 115,000 square feet of gaming space consisting of 3,000
slot machines and 104 table games, including a 12-table poker room. Ameristar
plans to construct a new casino and entertainment complex at the property in
mid-2002.
Ameristar Council Bluffs is a riverboat casino and related land-based hotel and
other facilities located in Council Bluffs, Iowa, on the bank of the Missouri
River across from Omaha, Nebraska. Ameristar Council Bluffs features 444 hotel
rooms, approximately 38,500 square feet of gaming space, 1,510 slot machines, 46
table games and five restaurants. Ameristar Council Bluffs has undergone
substantial expansion and renovation since it opened in 1996. In late 1999, the
Company added a third level to the riverboat casino, and, in early 2000,
constructed a 1,000-space parking garage. In the first quarter of 2001,
Ameristar completed a renovation and enhancement project at the property that
included enhancements to the land-based amenities and the total renovation of
the two initial casino floors. The land-based facilities include the majestic
Ameristar Hotel and Main Street Pavilion, where guests will find four
restaurants, including the Waterfront Grill steakhouse, the buffet, the
renovated sports bar and grill and the Prairie Mill Cafe & Bakery, a 24-hour
specialty restaurant. The Council Bluffs property also features a children's
activity center, fitness facility, indoor pool and convention facilities, as
well as the Star Arena, a 3,500-seat outdoor concert venue.
Ameristar Vicksburg opened in 1994, and includes a riverboat-themed dockside
casino, a 150-room hotel and other land-based facilities. The casino features
approximately 42,000 square feet of gaming space, 1,267 slot machines and 41
table games. The property's restaurants provide casual dining and regionally
influenced menu selections at affordable prices. In July 2001, Ameristar
completed a capital improvement project at the property, including renovating
and expanding the casino, installing new-generation slot machines, adding a new
VIP players lounge, replacing the showroom with the new Bottleneck Blues Bar
club featuring live entertainment and gaming, and adding new high-definition
plasma screens for special event viewing. In addition, approximately 600 parking
spaces were added during 1999, bringing the total number of guest parking spaces
to approximately 1,700.
The Company's Jackpot properties, Cactus Petes Resort Casino and The Horseshu
Hotel & Casino, are both located in Jackpot, Nevada, at the Idaho border. The
Jackpot properties have been operating since 1956 and serve customers primarily
from Idaho, Oregon, Washington, Montana, northern California and southwestern
Canadian provinces. Together, the Jackpot properties feature approximately
28,500 square feet of gaming space, 1,034 slot machines, 38 table games, 420
hotel rooms (including 30 deluxe hot-tub suites), an Olympic-sized pool, a
heated spa, lighted tennis courts, a recreational vehicle park and access to a
nearby 18-hole golf course. The food and beverage operations at the Jackpot
properties include a buffet, a fine dining restaurant, a 24-hour casual dining
restaurant, a coffee shop, a snack bar, a showroom that features entertainment
and cocktail lounges with entertainment.
The Company competes with casinos in a 100-mile radius from its properties,
including Isle of Capri Casino and Harrah's North Kansas City, Players
International, Inc. (which was acquired by Harrah's), Harrah's Council Bluffs
and Bluff's Run Casino.
Disclaimer:
The data included within the Financial section is solely for information
and does not construe a recommendation and/or endorsement by IGHRM or its
members to invest funds with any of the companies listed. You are strongly
advised
to obtain professional advice with qualified individuals or corporations for any
investments of funds.
© 1999-2001 International Guild of Hospitality and Restaurant Managers
Inc. All rights reserved.
ighrm@hospitalityguild.com