Ameristar Casinos Inc
ASCA:NASDAQ
| Last | Change / % Change | Dividend Yield | Volume | Avg Volume (10 day) |
| 26.23 | -0.02 -0.08% | 1.90% | 427,684 | 681.0K |
Market data is delayed by at least 20 minutes.
Latest News Headlines for Ameristar Casinos Inc
Highest Earnings Yield in the Casinos & Gaming Industry Detected for Ameristar Casinos (ASCA, DDE, GPIC)
Below are the three companies in the Casinos & Gaming industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.Ameristar Casinos (NASDAQ:ASCA) is highest with an earnings yield of 9.2%. Ameristar Casinos, Inc. is a multi-jurisdictional gaming company that owns and operates casinos and related hotel, food and beverage, entertainment, and other facilities. The Company's properties are located in Nevada, Mississippi, and Iowa. Ameristar Casinos (NASDAQ:ASCA) has potential upside of 1.9% based on a current price of $26.29 and analysts' consensus price target of $26.78. Ameristar Casinos shares should encounter resistance at the 50-day moving average (MA) of $26.43 and support at its 200-day MA of $20.69.
Ameristar Casinos, Inc. Announces Increase of Consent Fee, Extension
of Expiration Time and Other Amendments to Consent Solicitation
Relating to 7.50% Senior Notes Due 2021
Ameristar Casinos, Inc. (NASDAQ: ASCA) ("Ameristar") announced today
that, pursuant to a supplement dated March 25, 2013 (the
"Supplement") to the Consent Solicitation Statement dated March 18,
2012 (the "Consent Solicitation Statement"), at the request and
expense of Pinnacle Entertainment, Inc. ("Pinnacle"), it has amended
the terms of its previously announced consent solicitation (the
"Consent Solicitation") seeking consents from holders of the
$1,040,000,000 outstanding principal amount of its 7.50% Senior Notes
due 2021 (the "Notes") for waivers (the "Proposed Waivers") of and
amendments (the "Proposed Amendments") to certain provisions of the
indenture governing the Notes (the "Indenture"). Ameristar commenced
the Consent Solicitation at the request and expense of Pinnacle in
connection with the previously announced proposed merger between
Ameristar and Pinnacle (the "Merger").
Trading Lower on Heavy Volume are Shares of Ameristar Casinos on 3.4x Above-Average Volume (ASCA)
View more recent headlinesThe price of Ameristar Casinos shares has slipped to $26.17 (a 0.0% change) on heavy trading volume. Approximately 1.2 million shares have changed hands today vs. average 30-day volume of 362,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
Company Background
Ameristar Casinos, Inc.(Ameristar) is a developer, owner and operator of casino entertainment facilities. It has eight properties in seven markets. Its portfolio of casinos consists of: Ameristar Casino Resort Spa St. Charles (serving the St. Louis, Missouri metropolitan area); Ameristar Casino Hotel Kansas City (serving the Kansas City metropolitan area); Ameristar Casino Hotel Council Bluffs (serving Omaha, Nebraska and southwestern Iowa); Ameristar Casino Resort Spa Black Hawk (serving the Denver metropolitan area); Ameristar Casino Hotel Vicksburg (serving Jackson, Mississippi and Monroe, Louisiana); Ameristar Casino Hotel East Chicago (serving the Chicagoland area); and Cactus Petes Resort Casino and The Horseshu Hotel and Casino in Jackpot, Nevada (serving Idaho and the Pacific Northwest). In January 2012, it purchased a 40-acre site in Springfield, Massachusetts. In July 2012, it purchased the entire equity interests of Creative Casinos of Louisiana, L.L.C.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 26.28 | Previous Close 26.25 |
Day High 26.33 | Day Low 26.19 |
52wk High/Date 27.18 / 1/17/2013 | 52wk Low/Date 15.04 / 8/1/2012 |
% off 52wk High -3.50% | % off 52wk Low 74.40% |
Beta (5 Yr) 1.4 | Market Capitalization 864.5M |
Shares Outstanding 33.0M | Volatility Avg 34.22 |
EPS(TTM) 2.24 | P/E Ratio 11.7x |
Dividend Announcement 2/7/2013 | Dividend Yield 1.90% |
Ex-Date 2/26/2013 | Date of Record 2/28/2013 |
Payable 0.125 - QRTR | Payable Date 3/15/2013 |
Last Trade as of 3/28/2013 4:00 PM ET | |
ASCA Ameristar Casinos Inc vs. Peers
| Peers | |
|---|---|
ASCA Ameristar Casinos Inc | 0.04% |
Isle of Capri Casinos | 13.04% |
Penn National Gaming, Inc | 10.08% |
MGM Resorts International | 11.34% |
Boyd Gaming Corporation | 30.42% |
ASCA Ameristar Casinos Inc | 1.91% |
Isle of Capri Casinos | -- |
Penn National Gaming, Inc | -- |
MGM Resorts International | -- |
Boyd Gaming Corporation | -- |
ASCA Ameristar Casinos Inc | -0.08% |
Isle of Capri Casinos | -0.63% |
Penn National Gaming, Inc | 0.68% |
MGM Resorts International | 1.47% |
Boyd Gaming Corporation | -4.50% |