ASCA
Ameristar Casinos, Inc.NASDAQ
ASCA is defunct.
  • Nov. 14, 2013, 10:42 AM
    • The number of slot machines on the Las Vegas Strip has fallen to the lowest level in more than a decade as the industry continues to shrink casino floors and convert older hardware to multi-platform machines. Th drop comes despite more casinos in the gaming mecca.
    • Casinos (MGM, WYNN, BYD, PENN, ASCA, PNK, CZR, LVS) are carving out more space for food, shopping, and shows with those categories showing stronger growth rates.
    | Nov. 14, 2013, 10:42 AM | 5 Comments
  • Jul. 25, 2013, 10:05 AM
    Ameristar Casinos (ASCA): Q2 EPS of $0.60 beats by $0.12. Revenue of $291.3M beats by $1.11M. (PR)
    | Jul. 25, 2013, 10:05 AM
  • Jun. 17, 2013, 8:31 AM

    Pinnacle Entertainment (PNK) says it worked out an agreement in principle with the FTC that will allow its purchase of Ameristar Casinos (ASCA) to move forward. The company now has more time to sell a casino in Lake Charles, Louisiana and St. Louis, Missouri to satisfy regulatory concerns.

    | Jun. 17, 2013, 8:31 AM
  • Jun. 10, 2013, 12:32 PM

    Nevada casino revenue came in at $854M for April, down 0.2% Y/Y and 0.7% lower M/M. Las Vegas Strip casinos (LVS, MGM, WYNN, PENN, ASCA, BYD, CZR) underperformed the rest of the state with gaming revenue slipping 2.3% Y/Y to $448.6M.

    | Jun. 10, 2013, 12:32 PM
  • Jun. 5, 2013, 1:15 PM

    The current session of the Nevada legislation is moving along quite nicely for the casino industry (MGM, WYNN, BYD, PENN, ASCA, PNK, CZR, LVS, BJK). Bills to legalize online poker in the state and to protect large casino properties from slot machine parlors and establishments with sports betting kiosks have both passed, while a bill that would see casino employees avoid state taxes on comped meals looks likely to pass. (Previous: Vegas casino stocks falling faster than Macau plays)

    | Jun. 5, 2013, 1:15 PM
  • May 31, 2013, 1:47 PM
    Pinnacle Entertainment (PNK +4.8%) is reported to be in talks with the FCC over its planned purchase of Ameristar Casinos (ASCA +1%). Though shares of both firms slumped mightily with the news that the agency was going to try to block the merger, cooler heads have been saying there's an easy fix in place.
    | May 31, 2013, 1:47 PM
  • May 30, 2013, 9:41 AM
    After news of the effort by the FTC to block the merger of Pinnacle (PNK -1.4%) and Ameristar Casinos (ASCA +0.3%) created some shockwaves in trading, Janney Capital thinks a long-term buying opportunity might still exist. The firm notes the regulatory issue could easily be appeased with a divestiture of a casino in a key market, but also sees the timeline for an eventual deal being extended beyond Q3.
    | May 30, 2013, 9:41 AM
  • May 29, 2013, 2:36 PM

    The FCC challenges the proposed acquisition of Ameristar Casinos (ASCA -2.6%) by Pinnacle Entertainment (PNK -9.7%). The proposed merger would lead to higher prices for customers in areas of Missouri and Louisiana, according to the agency.

    | May 29, 2013, 2:36 PM
  • May 17, 2013, 9:16 AM

    Pinnacle Entertainment (PNK) announces that the Nevada Gaming Commission approved its acquisition of Ameristar Casinos (ASCA). The company say the transaction will close in either Q2 or Q3 of this year.

    | May 17, 2013, 9:16 AM
  • May 3, 2013, 9:08 AM
    Ameristar Casinos (ASCA): Q1 EPS of $0.56 misses by $0.04. Revenue of $295.1M misses by $6.22M. (PR)
    | May 3, 2013, 9:08 AM
  • May 2, 2013, 3:35 PM
    Ameristar Casinos, Inc. (ASCA) declares $0.125/share quarterly dividend, in line with previous. Forward yield 1.90%. For shareholders of record May 31. Payable June 14. Ex-div date May 29. (PR)
    | May 2, 2013, 3:35 PM
  • Apr. 26, 2013, 7:56 AM

    It won't be seen on the transcript (read it here), but Steve Wynn seemed to literally slam the table as he brought home the point during Wynn Resorts' (WYNN) earnings call that regional casinos are nothing but "boxes of slots." The exec is convinced that the premium Wynn experience will play well in new markets such as Boston and Philadelphia where the firm is vying for licenses to pressure regional operators. The burning sector question: How much of a hit will regional casino operators (PENN, MCRI, ASCA, ISLE, BYD, CNTY, PNK) take as big Vegas companies expand more into their turf?

    | Apr. 26, 2013, 7:56 AM | 1 Comment
  • Apr. 10, 2013, 10:17 AM
    Casino stocks (BJK) are reacting to a report from the Nevada Gaming Control Board that revenue on the Las Vegas Strip rose 31.7% Y/Y in February to $696M. The news helps take much of the sting off of the poor performance for January. (full gaming win report .pdf)
    | Apr. 10, 2013, 10:17 AM | 3 Comments
  • Apr. 4, 2013, 8:58 AM

    Gaming companies in Nevada are asking the state legislature to restrict the growth of strip mall slot machine parlors and sports betting kiosks as the proliferation of smaller gambling outlets starts to threaten the casino model. The big picture: Though they still hold most of the cards, look for intensified lobbying from casino execs as online ventures and looser gambling laws continue to chip away at the industry.

    | Apr. 4, 2013, 8:58 AM
  • Mar. 22, 2013, 1:20 PM

    Is casino growth tapped out in the U.S? Documents filed in the bankruptcy case of Atlantic City's Revel estimates the casino property is now worth only $246M-$331M after costing close to $2.4B. The development follows other news from regional players across the U.S. of casino companies taking market share from each other as saturation becomes a factor. Another fly in the ointment for future brick-and-mortar growth is the tantalizing prospect for online gambling.

    | Mar. 22, 2013, 1:20 PM | 15 Comments
  • Mar. 8, 2013, 10:08 AM
    Revenue at Las Vegas Strip casinos fell 18.7% Y/Y in January after rising 13.5% in December. Though the sector sees a lot of monthly volatility, the +30 percentage swing is raising some eyebrows. The timing of the Chinese New Year could be a factor due to the intense high-stakes baccarat play it brings in,  but revenue also slipped in areas outside of Vegas indicating some underlying weakness. Vegas-oriented casinos stocks (LVS, MGM, CZR, WYNN) are underperforming regional players (BYD, ASCA, CNTY) and Macau-focused Melco Crown (MPEL +1.8%) for the day.
    | Mar. 8, 2013, 10:08 AM | 1 Comment