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