Locau casino game slot machine mountaineer casino bingo schedule peoria gambling boat casinos in sarasota.
| Public company (NASDAQ) | |
| Industry | Gaming and hospitality |
|---|---|
| Fate | Acquired |
| Successor | Pinnacle Entertainment |
| Founded | 1954 in Jackpot, Nevada |
| Founder | Cactus Pete Piersanti |
| Defunct | 2013 (acquisition completed) |
| Headquarters | Paradise, Nevada, United States |
Key people | Gordon Kanofsky, CEO Larry A. Hodges, President & COO |
| Revenue | $1.22B (FY 2009)[1] |
| $104M (FY 2009)[1] | |
| $-4.67M (FY 2009)[1] | |
| Total assets | $2.21B (FY 2009)[2] |
| Total equity | $336M (FY 2009)[2] |
| 7,100[3] | |
| Website | ameristar.com |
Ameristar Casinos, Inc. was a casino operator based in Paradise, Nevada.[4] It was acquired by Pinnacle Entertainment in 2013. The company had eight properties in seven markets.
History[edit]
The roots of Ameristar Casinos date to 1954 when 'Cactus Pete' Piersanti opened Cactus Petes Desert Lodge on U.S. Route 93 just south of the Idaho border in Elko County. The area would later become Jackpot, Nevada. In 1956, Piersanti and others incorporated the property as Cactus Petes, Inc.
The corporation took over management of the neighboring Horseshu Club in 1964. Cactus Petes came under the partial control of Ray Neilsen of Twin Falls, Idaho, in 1967. Neilsen's construction company had built many of the structures at Cactus Pete's. Neilsen's son, Craig, assumed control of day-to-day operations upon the elder Neilsen's death in 1971. Craig H. Neilsen became sole owner in 1984.
A November 1985 automobile accident left Craig H. Neilsen a quadriplegic, but he continued to lead the company and expanded it. Neilsen was named “Best Performing CEO” by the American Gaming Association in 2002, and was inducted into the organization’s “Hall of Fame” in 2005.[5] Craig H. Neilsen remained chairman and CEO until his unexpected death on November 19, 2006.
https://lucidlucky.netlify.app/hippodrome-casino-no-deposit-bonus.html. In order to use this bonus, please make a deposit in case your last session was with a free bonus.The max cash out for the free bonus equals 2 times the bonus amount.Wagering for the match bonus is set at 30 times the deposit and bonus amounts.No withdrawal limits for the match!Redeem the code 10AUSSIESLOTS for $10 free bonus.Redeem the code 35BEREADY4WIN for $35 free bonus.Redeem the code 30HEADINGSLOTS for $30 free bonus.Redeem the code 10LUCKWITHYOU for $10 free bonus.Redeem the code POKIESWELCOME200 with a $25 deposit for 200% match bonus. No several consecutive free bonuses are allowed. No several consecutive free bonuses are allowed. No several consecutive free bonuses are allowed. In order to use this bonus, please make a deposit in case your last session was with a free bonus.The max cash out for the free bonus equals 2 times the bonus amount.Wagering for the match bonus is set at 30 times the deposit and bonus amounts.No withdrawal limits for the match!Redeem the code 45POKIES4YOU for $45 free bonus.Redeem the code 10LUCKYSPIN for $10 free bonus.Redeem the code 20LUCKYWIN for $20 free bonus.Redeem the code RICHCHIP100 with a $25 deposit for 100% match bonus.Redeem the code GOLDENWIN150 with a $25 deposit for 150% match bonus.
Ray H. Neilsen succeeded his father, serving as co-chairman with John Boushy, who also was promoted from president to CEO at the time of Craig’s death.[6] Boushy resigned in June 2008 and was succeeded by Gordon Kanofsky, who previously served as the company's executive vice president, and now holds the dual role of CEO and vice chairman. Ray H. was named chairman at the same time.[7][8]
In August 2013, Pinnacle Entertainment bought Ameristar for $869 million plus $1.9 billion in assumed debt.[9] The company had reportedly been 'on the sales block' since Craig Neilsen's death.[10]
Expansion[edit]
Ameristar Win Loss Statement 2018
In 1992 the company made its first investment outside of Jackpot by acquiring a Vicksburg, Mississippi, property known as Delta Pointe. This property was opened in 1994 as Ameristar Casino Vicksburg. The company subsequently constructed an adjoining hotel, and in 2008, completed a $100 million expansion of the facility.[11] Ameristar opened the first of several riverboat casinos in Council Bluffs, Iowa, in 1996. In 1998, the company opened the Reserve Hotel Casino in Henderson, Nevada.[12]
The company was renamed Ameristar Casinos, Inc. and went public in 1993, on the NASDAQ Stock Exchange under the ticker symbol 'ASCA.' Company headquarters was moved from Twin Falls to Las Vegas in 1996.
In 2000, Ameristar purchased properties in Kansas City, Missouri, and St. Charles, Missouri, from Station Casinos, Inc., and in 2001, sold The Reserve Hotel and Casino to Station Casinos, which renamed it Fiesta Henderson.[13]
In 2004, Ameristar acquired the Mountain High Casino in Black Hawk, Colorado. In 2006, the Ameristar brand debuted after an $80 million renovation and expansion project that included additional covered parking; and announced details of its planned 33-story hotel and spa. Ameristar officially opened its new Casino Resort Spa complex October 2009 to become the first destination resort casino in Colorado. The property's $230 million expansion included a 33-story luxury hotel and day spa, an enclosed rooftop swimming pool and 15,000 square feet (1,400 m2) of meeting and event space. The 33-story hotel featuring 536 rooms and 64 suites became the tallest structure between Salt Lake City, Utah and Denver.
Ameristar also completed the acquisition of the Resorts East Chicago casino in East Chicago, Indiana from Resorts International Holdings in 2007. It was rebranded Ameristar Casino Hotel East Chicago in June 2008. An outdoor summer concert series promoted the rebranding, and featured Lionel Richie, Smokey Robinson and Reba McEntire.[14]
Ameristar Casino East Chicago
In 2010, Ameristar announced plans to renovate all of Ameristar East Chicago's 280 superior guest rooms and 10 luxury suites; and to add 100 rooms and a fitness center to Ameristar Kansas City's existing luxury hotel. The addition will complement the property's existing 184 rooms and hotel lobby, which were extensively renovated in September 2006.
In Massachusetts, where casinos were legalized in November 2011,[15] Ameristar applied for the one gaming license allotted to Western Massachusetts, proposing to build a $910-million hotel and casino.[16] It acquired a 41-acre site in East Springfield, a former Westinghouse plant, for $16 million.[17] In November 2012, however, Ameristar withdrew its proposal in the face of competing bids from MGM Resorts International and Penn National Gaming,[18] saying that city officials were more likely to endorse a downtown casino.[19]
In March 2012, Ameristar agreed to acquire Creative Casinos, developer of the proposed Mojito Pointe casino resort in Lake Charles, Louisiana, for $32.5 million.[20] Ameristar planned to spend at least $500 million on the resort, and to open it in mid-2014.
Philanthropy[edit]
Following the death of Craig H. Neilsen, his estate endowed the foundation in his name. Ameristar regularly partners with the Craig H. Neilsen Foundation to support the rehabilitation of individuals suffering from spinal cord injuries and disease. Ray H. Neilsen serves as Chairman, and Co-Trustee with Kanofsky.[21] In addition, Ameristar was one of the first companies to help fund research at the Nevada Cancer Institute by making a $500,000 donation in 2004.
Ameristar also sponsors an active workplace giving campaign known as Ameristar Cares. In 2012, the company and its employees raised almost $7 million for charitable organizations.[22]
Financial[edit]
Although the current economic recession has hurt the financial performance of casinos on the Las Vegas Strip, Ameristar and other regional casino operators have fared better, as customers opt for gaming and entertainment destinations closer to home.[23][24]
Ameristar's properties in Kansas City and St. Charles, Missouri, and Black Hawk, Colorado, benefitted from casino-related regulatory reform approved by voters in 2008-09. In Missouri, voters repealed the state’s loss limit, which had capped players’ purchases of table game chips and slot machine credits at $500 every two hours. In Black Hawk, voters approved a measure that increased betting limits and operating hours, and added the games of craps and roulette.[24][25]
Casinos[edit]
Ameristar’s properties at the time it was acquired were:[26]
- Ameristar Casino Council Bluffs — Council Bluffs, Iowa
- Ameristar Casino Hotel East Chicago — East Chicago, Indiana
- Ameristar Casino Vicksburg — Vicksburg, Mississippi
- Ameristar Casino Hotel Kansas City — Kansas City, Missouri
- Ameristar Casino Resort Spa Black Hawk — Black Hawk, Colorado
- Ameristar Casino Resort Spa Lake Charles — Lake Charles, Louisiana (under construction)
- Ameristar Casino Resort Spa St. Charles — St. Charles, Missouri
- Cactus Petes Resort Casino — Jackpot, Nevada
- Horseshu Hotel and Casino — Jackpot, Nevada
References[edit]
- ^ abcAmeristar Casinos (ASCA) annual SEC income statement filing via Wikinvest.
- ^ abAmeristar Casinos (ASCA) annual SEC balance sheet filing via Wikinvest.
- ^'Company Profile for Ameristar Casinos Inc (ASCA)'. Retrieved 2008-10-21.
- ^'Assessor Parcel number inquiry - search by location address results'. Clark County, Nevada. Archived from the original on 26 June 2009. Retrieved 2009-06-23.
- ^[1]
- ^[2]
- ^portfolio.com profile
- ^'Archived copy'. Archived from the original on 2008-07-26. Retrieved 2008-07-28.CS1 maint: archived copy as title (link)
- ^Howard Stutz (August 14, 2013). 'Pinnacle Entertainment completes $2.8 billion buyout of Ameristar Casinos'. Las Vegas Review-Journal. Retrieved 2013-08-14.
- ^Howard Stutz (December 21, 2012). 'Las Vegas-based Pinnacle Entertainment to acquire rival Ameristar Casinos for $869 million'. Las Vegas Review-Journal. Retrieved 2012-12-21.
- ^http://www.vicksburgpost.com/articles/2008/05/25/news/newsbus01.txt[permanent dead link]
- ^[3]
- ^[4]
- ^[5]
- ^Dan Ring (November 22, 2011). 'Massachusetts Gov. Deval Patrick signs bill to establish up to 3 casinos, 1 slot parlor'. The Republican. Springfield, MA. Retrieved 2012-12-21.
- ^Thomas Grillo (October 23, 2012). 'Ameristar places bet on Springfield casino'. Boston Business Journal. Retrieved 2012-12-21.
- ^Anthony Fay (January 25, 2012). 'Casino co. closes on purchase of Spfld site'. WWLP-TV. Archived from the original on 2012-02-08. Retrieved 2012-12-21.
- ^Mark Arsenault (November 30, 2012). 'Ameristar drops Springfield casino effort'. Boston Globe. Retrieved 2012-12-21.
- ^Dan Ring (December 4, 2012). 'Ameristar Casinos says Springfield Mayor Domenic Sarno made false accusation about company'. The Republican. Springfield, MA. Retrieved 2012-12-21.
- ^Howard Stutz (14 March 2012). 'Ameristar Casinos acquires hotel-casino project in Lake Charles, La'. Las Vegas Review-Journal. Archived from the original on 16 March 2012. Retrieved 14 March 2012.
- ^[6]
- ^[7]
- ^Seetharaman, Deepa (2009-04-24). 'UPDATE 2-Pinnacle Entertainment posts profit on cost cuts'. Reuters.
- ^ ab[8][permanent dead link]
- ^'Stock of Ameristar Casinos climbs after thumbs-up from voters'. Denver Post. 2008-11-06.
- ^[9]
External links[edit]
| Ameristar Casino Hotel East Chicago | |
|---|---|
The Win Star vessel hosts the casino (view from Lake Michigan) | |
| Location | East Chicago, Indiana |
| Address | 777 Ameristar Blvd |
| Opening date | April 18, 1997 |
| No. of rooms | 288 |
| Casino type | Riverboat |
| Owner | Gaming and Leisure Properties |
| Operating license holder | Penn National Gaming |
| Previous names | Showboat Mardi Gras Harrah's East Chicago Resorts East Chicago |
| Coordinates | 41°39′09″N87°26′10″W / 41.652467°N 87.436240°WCoordinates: 41°39′09″N87°26′10″W / 41.652467°N 87.436240°W |
| Website | ameristar.com/east-chicago |
Ameristar Casino Hotel East Chicago (formerly Showboat Mardi Gras Casino, Harrah's East Chicago, and Resorts East Chicago) is a riverboat casino in East Chicago, Indiana, docked at Indiana Harbor on Lake Michigan. It is owned by Gaming and Leisure Properties and operated by Penn National Gaming.
And the best part about it, it’s affordable. Closest casino to burlington nc. Families can ski here together without breaking the bank, and there are awesome deals for college students throughout the season. Stowe Mountain Resort: 55 Minutes from Downtown. If the inbounds skiing isn’t making the grade, Bolton has some of the best backcountry around—skin up and explore the variety of off-piste trails, take a lift up and ski off the back, or enjoy the challenging glades. To add to it all, Bolton has night skiing, a nordic center, and a sports center where you can take a dip in the pool or lounge in the hot tub.
The property features a 56,000-square-foot casino that offers 1,900 slot machines including reels, video reels and video poker; more than 40 table games; a high limit gaming room that is on land adjacent to the riverboat; and a 288-room hotel.[1]
History[edit]
Showboat Mardi Gras Casino opened on April 18, 1997.[2] In 1998, Harrah's Entertainment bought Showboat, Inc. and renamed the property as Harrah's East Chicago. Harrah's later sold it to Resorts International Holdings, and the casino's name was changed, along with the street name to 777 Resort Blvd (similar to the addresses used for some Harrah’s branded casinos: 777 Harrah’s Blvd). It was later sold in 2007 to Ameristar Casinos and changed its name to Ameristar before the September 2008 deadline.[3][4][5]
In August 2013, the property became part of Pinnacle Entertainment when that company acquired Ameristar Casinos.[6][7] In April 2016, the property was sold to Gaming and Leisure Properties along with almost all of Pinnacle's real estate assets, and leased back to Pinnacle.[8][9]
In October 2018, Penn National Gaming acquired the property's operations as part of its acquisition of Pinnacle.[10]
Vessel[edit]
The Win Star is the vessel that hosts the casino. The vessel uses a diesel reduction propulsion system and has a length of 332.2 feet. The boat's gross tons is 2803.0 and net tons measures 1906.0. It was built in 1997 by Atlantic Marine, Inc.[11]
References[edit]
- ^'Fact_Sheet_East_Chicago'(PDF). Ameristar.com. Archived from the original(PDF) on 2012-06-02. Retrieved 2012-05-31.
- ^'Showboat casino opens with a bang'. Post-Tribune. Indiana: via HighBeam. May 21, 1997. Archived from the original on September 21, 2014. Retrieved 2012-05-13.(subscription required)
- ^John Grochowski (June 21, 1998). 'Showboat changes course'. Chicago Sun-Times.
- ^'Harrah's East Chicago casino is sold to Colony Capital'. Knight Ridder/Tribune Business News. September 2004. Retrieved 2008-06-22.[dead link]
- ^'AMERISTAR CASINOS' ACQUISITION OF RESORTS EAST CHICAGO' (Press release). Ameristar Casinos. September 13, 2007. Archived from the original on July 18, 2012. Retrieved 2008-06-22.
- ^Keith Benman (December 21, 2012). 'Ameristar Casino dealt to new owner in $869 million deal'. The Times of Northwest Indiana. Retrieved 2016-07-23.
- ^Howard Stutz (August 14, 2013). 'Pinnacle Entertainment completes $2.8 billion buyout of Ameristar Casinos'. Las Vegas Review-Journal. Retrieved 2016-07-23.
- ^Andrew Steele (April 27, 2016). 'Judge allows Ameristar deal to proceed'. The Times of Northwest Indiana. Retrieved 2016-07-23.
- ^'Gaming and Leisure Properties, Inc. completes the previously announced acquisition of the real estate assets of Pinnacle Entertainment, Inc' (Press release). Pinnacle Entertainment. April 28, 2016. Archived from the original on August 22, 2016. Retrieved July 22, 2016.
- ^Andrew Steele (October 16, 2018). 'Penn National completes acquisition of Ameristar-owner Pinnacle Entertainment'. The Times of Northwest Indiana. Retrieved 2018-10-16.
- ^'WINSTAR Boat Information'. BoatInfoWorld.com. Retrieved July 2, 2012.