- More jobs, more tax revenue and more economic impact
- More casino games, hotel rooms, resort amenities and
commitments from world-renowned, nationally recognized
restaurateurs and locally-owned restaurants
- Fastest to open, with a 12 to 18 month construction head start,
providing the quickest economic lift to Springfield
- Easiest access and least impact on local traffic with $58
million Ameristar-funded I-291 interchange improvements
Ameristar Casinos, Inc. (NASDAQ: ASCA) unveiled specific details
about its plan to develop a $910 million casino resort spa just
minutes from downtown Springfield, Mass, on its 40-acre site at
I-291 and Page Blvd. that is immediately ready for
construction.
Ameristar's plan includes a 150,000-square-foot casino featuring
3,300 slot machines, and 110 table games, including a poker room.
Ameristar Springfield will include a 500-room luxury hotel with 50
suites. The property will feature indoor and outdoor resort
swimming pools, a spa, a fitness center and retail amenities. There
will be a diverse offering of food and beverage options, offering
everything from upscale dining to casual quick bites. Also included
will be a conference and entertainment center, along with garage
parking for 4,300 vehicles. The resort is master-planned to
accommodate significant future expansions of the casino, hotel and
parking garages.
Ameristar also announced that its casino resort will include
world-renowned, nationally recognized restaurateurs and
locally-owned hometown-favorite restaurants. The lineup will
include upscale dining restaurants overseen by celebrity chefs
Wolfgang Puck and Martin Yan, and a more casual Asian restaurant
also overseen by Chef Yan. Massachusetts' own former all-star Red
Sox second baseman and current New England Sports Network color
analyst, Jerry Remy, will feature his Jerry Remy's Sports Bar &
Grill.
Additionally, the resort will include Frigo's Market and Deli,
and Schermerhorn's Seafood; both popular local restaurants with
long traditions of delivering high quality food and exceptional
service to New Englanders. Ameristar will offer its award-winning
Horizons Buffet. And there will be a Blue Martini Lounge and
Nightclub, a nationally-recognized venue known for its outstanding
array of specialty drinks, tapas and live entertainment. The local
Dunkin' Donuts franchisee will also establish a location within the
Ameristar resort.
Ameristar Casino Resort Spa Springfield will be developed on 40
acres located near the Massachusetts Turnpike and Interstate 291,
just minutes from downtown Springfield. "Ameristar owns all 40
acres, which have been cleared and are immediately ready for
construction," said Gordon Kanofsky, Ameristar's Chief Executive
Officer. "With no displacement of existing residents or businesses,
we will have a 12 to 18 month head start on other proposals. We
will more quickly begin creating the desperately needed 2,000 union
construction jobs, 2,300 permanent jobs and thousands of additional
indirect jobs.
"Further, since significantly less of our capital investment
will be spent on land acquisition, site preparation and
infrastructure, more of our investment will be utilized creating
the world-class resort experience that will attract more visitors
to Springfield and keep them coming back time and time again.
Ameristar will generate the most tax revenue and act as the best
catalyst for further economic development citywide.
"Finally, our $58 million Ameristar-funded I-291 interchange
will not only provide quick and easy access to the property, it
will help reduce local traffic congestion that exists today."
Ameristar announced this proposal for its 40-acre site to a
group of business, civic and community leaders, as well as local
residents. In January 2012, Ameristar purchased the site, which was
home to one of Springfield's largest employers during most of the
20th Century before becoming dormant four decades ago. "We look
forward to these 40 acres once again becoming a vibrant economic
engine of the community," said Kanofsky.
About Wolfgang Puck The name Wolfgang Puck
is synonymous with the best of restaurant hospitality and the
ultimate in all aspects of the culinary arts. The famous chef has
built an empire that encompasses three separate Wolfgang Puck
entities: Wolfgang Puck Fine Dining Group, Wolfgang Puck Catering,
and Wolfgang Puck Worldwide, Inc.
Central to all of Wolfgang Puck's endeavors is his Wolfgang's
Eat, Love, Live™ (WELL) philosophy. This stands for culinary
passion for eating and dining WELL, which means a commitment to
provide food made with only the freshest and most natural and
organic ingredients available, to celebrate local farmers and
seasonal ingredients, and to use only humanely raised animal
products.
About Martin Yan The celebrated host of
over 3,000 cooking shows, broadcast worldwide, Martin Yan enjoys
distinction as a certified Master Chef, a highly respected food
consultant, a cooking instructor and a prolific author. His diverse
talents have found expression in 30 cookbooks, including the
award-winning Martin Yan's Feast, Martin Yan's Asian Favorites,
Chinese Cooking for Dummies, Martin Yan's Chinatown Cooking (intro
by Julia Child), Martin Yan's Quick & Easy, and his latest,
Martin Yan's China (a cookbook that documents his travels
throughout the far reaches of China, and his culinary
discoveries).
About Jerry Remy's Sports Bar & Grill
Jerry Remy's Sports Bar & Grill(s), named after former all-star
Red Sox second baseman and current New England Sports Network color
analyst Jerry Remy, has two Boston locations, one of which
overlooks Fenway Park. The third is in Fall River, Mass. Since the
first restaurant opened its doors in March 2010, Remy's restaurants
have been established as premier destinations, blending a laid-back
atmosphere with that of an upscale sports bar.
About Frigo's Market and Deli From the
northern village of Dolo, Italy to the banks of the Connecticut
River, the Frigo family has upheld many traditions and family
recipes. Serving Western Massachusetts since the 1950's with
highest quality service and specialty foods, Frigo's is a small
family-run business in downtown Springfield offering catering
services, gourmet food and gift baskets.
About Schermerhorn's Seafood
Schermerhorn's has been providing western Massachusetts with fresh
Maine Lobsters since 1912. All of their seafood, including Steamer
Clams, North Atlantic Swordfish and lobster all come in live and
fresh directly from Maine. They pride themselves on providing the
Holyoke & Springfield area with excellent food, friendly
service, and most importantly, a place where the community can
count on for that extra personal dining experience.
About Blue Martini Lounge Blue Martini has
locations in Bellevue, Boca Raton, Fort Lauderdale, Kendall -
Miami, Las Vegas, Miami - Brickell, Naples, Orlando, Phoenix,
Plano, Tampa, and West Palm Beach. They offer 42 superior martinis
guaranteed to excite your taste buds and elevate your spirit.
Listen or dance to the best in live entertainment while enjoying
the tapas food menu, the perfect complements to their fine wine and
spirits selection. They strive to provide their guests with the
finest staff and service available.
About Dunkin' Donuts Founded in 1950,
Dunkin' Donuts is America's favorite all-day, everyday stop for
coffee and baked goods. Dunkin' Donuts is a market leader in the
regular/decaf coffee, iced coffee, hot flavored coffee, donut,
bagel and muffin categories. Dunkin' Donuts has earned the No. 1
ranking for customer loyalty in the coffee category by Brand Keys
for six years running. The company has more than 10,000 restaurants
in 32 countries worldwide. For the full-year 2011, Dunkin' Donuts'
restaurants had global franchisee-reported sales of approximately
$6.4 billion. Based in Canton, Mass., Dunkin' Donuts is part of the
Dunkin' Brands Group, Inc. (NASDAQ: DNKN) family of companies.
About Ameristar Ameristar Casinos is an
innovative casino gaming company featuring the newest and most
popular slot machines. Our 7,200 dedicated team members pride
themselves on delivering consistently friendly and appreciative
service to our guests. We continuously strive to increase the
loyalty of our guests through the quality of our slot machines,
table games, hotel, dining and other leisure offerings. Our eight
casino hotel properties primarily serve guests from Colorado,
Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi,
Missouri, Nebraska and Nevada. We began construction on our ninth
property, a casino resort in Lake Charles, La., in July 2012, which
we expect will open in the third quarter of 2014. We have been a
public company since 1993, and our stock is traded on the Nasdaq
Global Select Market. We generate more than $1 billion in net
revenues annually.
Find us on Facebook and follow us on Twitter.
Visit Ameristar Casinos' website at www.ameristar.com (which
shall not be deemed to be incorporated in or a part of this news
release).
Forward-Looking Information This release
contains certain forward-looking information that generally can be
identified by the context of the statement or the use of
forward-looking terminology, such as "believes," "estimates,"
"anticipates," "intends," "expects," "plans," "is confident that,"
"should," "could," "would," "will" or words of similar meaning,
with reference to Ameristar or our management. Similarly,
statements that describe our future plans, objectives, strategies,
financial results or position, operational expectations or goals
are forward-looking statements. It is possible that our
expectations may not be met due to various factors, many of which
are beyond our control, and we therefore cannot give any assurance
that such expectations will prove to be correct. For a discussion
of relevant factors, risks and uncertainties that could materially
affect our future results, attention is directed to "Item 1A. Risk
Factors" and "Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations" in our Annual Report
on Form 10-K for the year ended December 31, 2011, and "Item 2.
Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our Quarterly Report on Form 10-Q for the
quarter ended June 30, 2012.
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CONTACT: Roxann M. Kinkade, APR Director of
Communications Ameristar Casinos, Inc. 816-414-7007 (office)
816-719-9494 (mobile)
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