Ameristar Casinos Signs Memorandum of Understanding With Local Trades to Build Resort Casino Complex in Springfield, Mass.
September 06 2012 - 10:51AM
Marketwired
Ameristar Casinos, Inc. (NASDAQ: ASCA) announced today it has
signed a memorandum of understanding (MOU) with the Pioneer Valley
Building and Construction Trades Council and Carpenters Local No.
108 designed to ensure that union tradesmen will build its luxury
hotel and entertainment resort if awarded the sole casino license
for western Massachusetts.
"We look forward to partnering with the Trades Council and Local
108 to create approximately 2,000 construction jobs," said Troy
Stremming, Ameristar's Senior Vice President of Government
Relations and Public Affairs. "This MOU creates a framework for
negotiating a definitive agreement meant to assure required labor
harmony during development and construction of our resort. By
signing the MOU now, it will allow the trades the lead time
necessary to prepare their workforces to begin building the project
as soon as the license is awarded. In turn, the much needed
permanent jobs and tax revenue the project will generate will not
be delayed."
Ameristar owns a 40-acre site on Page Blvd. and Interstate
Highway 291 in Springfield, Mass., which has been cleared and is
ready for construction.
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" and "Item 1A. Risk Factors" in our Quarterly
Report on Form 10-Q for the quarter ended June 30, 2012.
About Ameristar Ameristar Casinos is an
innovative casino gaming company featuring the newest and most
popular slot machines. Our 7,500 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.
Visit Ameristar Casinos' website at www.ameristar.com (which
shall not be deemed to be incorporated in or a part of this news
release).
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CONTACT: Roxann M. Kinkade, APR Director of
Communications Ameristar Casinos, Inc. 816-414-7007
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