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EXHIBIT 20.1
CONTACT:
Tom Steinbauer
Senior Vice President, Chief Financial Officer
Ameristar Casinos
702-567-7037
AMERISTAR CASINOS EXTENDS DEBT TENDER OFFER
LAS VEGAS, NEV., DEC. 18, 2000 - Ameristar Casinos, Inc. announced today that it
has extended the expiration date of its previously announced tender offer (the
"Tender Offer") for all of its 10 1/2 percent Senior Subordinated Notes due
2004, Series B (the "Notes"). The purpose of this extension is to facilitate the
closing of Ameristar Casinos' acquisition, through its subsidiaries, of the
Station Casino Kansas City and Station Casino St. Charles gaming and
entertainment facilities, which closing is currently expected to occur on
Wednesday, Dec. 20, 2000, subject to the receipt of all gaming and other
regulatory approvals and the satisfaction of all other closing conditions.
Ameristar Casinos' obligation to accept the Notes for payment is subject to the
terms and conditions set forth in the Offer to Purchase and Consent Solicitation
Statement dated Nov. 20, 2000, including the completion of these acquisition
transactions.
The Tender Offer, previously set to expire at midnight, New York City
time, on Monday, Dec. 18, 2000, will now expire at noon, New York City time, on
Wednesday, Dec. 20, 2000, unless further extended. Ameristar Casinos has
received tenders and consents representing 100% of the aggregate principal
amount of Notes.
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TENDER OFFER EXTENSION
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This announcement is not an offer to purchase, a solicitation of an
offer to purchase or a solicitation of consents with respect to the Notes. The
Tender Offer is being made solely by, and remains subject to, the Offer to
Purchase and Consent Solicitation Statement dated Nov. 20, 2000.
This press release contains certain forward-looking statements. These
forward-looking statements generally can be identified by the context of the
statement or the use of words such as Ameristar Casinos or its management
"believes," "anticipates," "intends," "expects, "plans," or words of similar
meaning. Similarly, statements that describe Ameristar Casinos' future plans,
objectives, strategies or goals are forward-looking statements. Although
management believes that the assumptions underlying the forward-looking
statements are reasonable, these assumptions and the forward-looking statements
are subject to various factors, risks and uncertainties, many of which are
beyond the control of Ameristar Casinos, including but not limited to,
uncertainties concerning the consummation of the tender offer and the
consummation of the acquisition transactions. Accordingly, actual results could
differ from those contemplated by the forward-looking statements contained in
this press release. Attention is directed to "Item 1. Business -- Risk Factors"
in the Annual Report on Form 10-K of Ameristar Casinos, Inc. for the fiscal year
ended Dec. 31, 1999 and "Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operation - Liquidity and Capital Resources"
in the Quarterly Report on Form 10-Q of Ameristar Casinos, Inc. for the fiscal
quarter ended Sept. 30, 2000 or a discussion of
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TENDER OFFER EXTENSION
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some of the factors, risks and uncertainties that could affect Ameristar
Casinos' future results.
Ameristar Casinos, Inc., a publicly traded company (NASDAQ ticker
symbol: ASCA) with a strong background in the gaming and hospitality industry
dating back to 1954, owns and operates Cactus Pete's Resort Casino and The
Horseshu Hotel & Casino in Jackpot, Nev., Ameristar Casino Hotel Vicksburg in
Vicksburg, Miss., Ameristar Casino Hotel Council Bluffs in Council Bluffs, Iowa,
and The Reserve Hotel Casino in Henderson, Nev. in metropolitan Las Vegas.
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Visit Ameristar Casinos' Web site at www.ameristarcasinos.com
(which shall not be deemed to be incorporated in or a part
of this press release)