Ameristar toasts St.Charles top off

Executives of
Ameristar Casinos have celebrated with guests and
community leaders at a Topping Off ceremony for the Ameristar St. Charles
new luxury hotel, spa and pool slated to open in December 2007.To
commemorate the occasion, guests signed the final steel beam that was then
raised to the top of the 25-story hotel tower, signifying that construction
has reached its highest point and a significant milestone toward the
project’s completion has been achieved.
  When finished, the new $265 million facility will include a 400-room
all-suite luxury hotel, a 7,000-square-foot full-service spa, an
indoor/outdoor pool area with landscaped grounds and waterfalls and a
2,000-space parking garage. The first phase of the expansion—with 19,200
square feet of state-of-the-art conference and meeting facilities—opened
in September 2006.
  “Ameristar is committed to creating the highest quality facilities in
each of its markets,” said John Boushy, CEO and President of Ameristar
Casinos. “The new hotel and spa will feature best-in-class service and
upscale amenities that will create a luxury destination resort experience
for our guests in a fun and friendly environment that fully complements our
gaming, dining, conference and entertainment options. Our guests have come
to expect the highest quality facilities and outstanding service from
Ameristar, and we intend to surpass their expectations once again.”
  Boushy noted that this capital investment in St. Charles is another
example of Ameristar’s commitment to grow the Company in the next three to
five years. “Ameristar continues to work toward its goal of doubling its
size as measured by EBITDA through a 50/50 growth strategy. The Company
expects approximately half of that growth will come through acquisitions
such as the pending agreement to purchase Resorts East Chicago located in
the Chicagoland market, and the other half will come through capital
improvement projects at existing Ameristar properties,” he said.
  Jim Franke, Senior Vice President and General Manager of Ameristar St.
Charles, said, “Today’s topping off ceremony is an historic milestone in
the completion process and the official countdown to opening the hotel has
begun. We are anxious to unveil the luxurious hotel and spa resort to
create a guest experience unmatched in the St. Louis area. We are pleased
that the community could help us celebrate and that we could provide a
glimpse at what is in store with our property. Coupled with our
award-winning dining, expansive casino and the new conference and meeting
center, this expansion further positions Ameristar St. Charles as the
premier destination in the region.”
  Franke noted that the project has created 400 local construction jobs,
and the completed hotel and spa will employ 100 new team members. “The
addition of this luxury facility in a high-demand market will also increase
tax revenue and bring more visitors to St. Charles and other parts of the
region,” he said. “We are proud to be part of the St. Charles community and
bring such a positive project to an area in which we successfully operate
and already employ approximately 1,800 team members.”