Businessweek

Ameristar Casinos Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of $295,080,000 against $312,134,000 a year ago. Income from operations was $58,050,000 against $69,258,000 a year ago. Income before income tax provision was $29,419,000 against $43,340,000 a year ago. Net income was $17,978,000 or $0.51 diluted earnings per share against $41,366,000 or $1.21 diluted earnings per share a year ago. The year-over-year decline in net income was mostly attributable to the decrease in net revenues, a prior-year reduction in the income tax provision due to certain income tax elections and the incurrence of merger-related costs in the current period. Consolidated adjusted EBITDA was $89,650,000 against $101,975,000 a year ago. Adjusted diluted earnings per share were $0.56 against $0.75 a year ago. Capital expenditures totaled $46.8 million and $31.0 million, respectively. Capital expenditures included $37.0 million associated with the Lake Charles construction project. For the second quarter of 2013, the company expects depreciation to be in the range from $25.0 million to $26.0 million. Capital spending is expected to be in the range of $96.0 million to $101.0 million, including approximately $15.0 million for maintenance capital expenditures and $84.0 million related to Lake Charles design and construction costs. The combined state and federal income tax rate to be in the range of 40% to 42%.

Ameristar Casinos Inc. announced that its Board of Directors has declared a cash dividend of $0.125 per share, payable on June 14, 2013 to stockholders of record as of May 31, 2013.

Ameristar Casinos Inc. announced that they will report Q1, 2013 results on Apr 29, 2013

Ameristar Casinos Inc. announced the successful completion of its previously announced solicitation of consents (the Consent Solicitation) from holders of the $1,040,000,000 outstanding principal amount of its 7.50% Senior Notes due 2021 (the Notes) for waivers (the Waivers) of and amendments (the Amendments) to certain provisions of the indenture governing the Notes (the Indenture). Ameristar commenced the Consent Solicitation at the request and expense of Pinnacle Entertainment Inc. (Pinnacle) in connection with the previously announced proposed merger between Ameristar and Pinnacle (the Merger). The Consent Solicitation was made on the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated March 18, 2013, and the accompanying Consent Letter, each as amended and supplemented by a Supplement dated March 25, 2013. Ameristar received the requisite consents from holders of the Notes to the Waivers and Amendments prior to the Consent Solicitation's expiration time of 5:00 p.m., New York City time, on April 2, 2013 (the Expiration Time). As a result, Ameristar, the subsidiary guarantors of Ameristar, and Wilmington Trust, National Association, as trustee, have entered into a Fourth Supplemental Indenture, dated as of April 2, 2013 (the Supplemental Indenture), to effect the Waivers and Amendments at the operative times and subject to the other terms and conditions set forth in the Supplemental Indenture. Upon the execution of the Supplemental Indenture, consents received from holders of the Notes became irrevocable under the terms of the Indenture. Holders of the Notes will be entitled to receive an aggregate consent fee of $19.00 for each $1,000 in principal amount of the Notes for which consents were validly delivered and unrevoked on or prior to the Expiration Time, 50% of which will be payable promptly after the Expiration Time and the remaining 50% of which will be payable, if at all, promptly after the consummation of the Merger.

Ameristar Casinos Inc. announced that, pursuant to a supplement dated March 25, 2013 to the consent solicitation statement dated March 18, 2012, at the request and expense of Pinnacle Entertainment Inc., it has amended the terms of its previously announced consent solicitation seeking consents from holders of the $1,040,000,000 outstanding principal amount of its 7.50% senior notes due 2021 for waivers of and amendments to certain provisions of the indenture governing the notes. The company commenced the consent solicitation at the request and expense of Pinnacle in connection with the previously announced proposed merger between Ameristar and Pinnacle. Pursuant to the supplement, the company has increased the consent fee payable to consenting holders from $10.00 to $19.00 for each $1,000 in principal amount of the notes for which consents are validly delivered and unrevoked on or prior to the expiration time, 50% of which will be payable promptly after the expiration time and the remaining 50% of which will be payable, if at all, promptly after the date of the consummation of the merger, subject, in each case, to the conditions described in the consent solicitation statement. In addition, the consent solicitation, which was previously scheduled to expire at 5:00 p.m., New York City time, on March 27, 2013, has been further extended to 5:00 p.m., New York City time, on April 2, 2013, unless further extended or terminated by the company. The amended terms of the consent solicitation also would reduce the capacity of Pinnacle, as the successor to the company under the indenture upon consummation of the alternative merger and post-effective merger, to make certain restricted payments under the Indenture from and after the effective time of the post-effective merger. The amended terms of the consent solicitation also amend and supplement other terms of the consent solicitation statement.