We are no longer providing equity research on Ameristar Casinos ASCA . We provide broad coverage of more than 1,700 companies across 91 industry groups, and we adjust our coverage as necessary based on client demand and investor interest.
Casino operator Ameristar Casinos ASCA reported rather resilient second-quarter results, confirming our industry take that regional operators will likely hold on better
We are placing Ameristar Casinos ASCA under review as we transfer coverage to another analyst and reassess our discounted cash-flow analysis.
characteristics and less reliance on revenue streams outside the casino drive our belief that regional casino firms like Ameristar Casinos ASCA , Penn National PENN, and Pinnacle Entertainment PNK are likely to outperform rivals with heavier concentrations
Ameristar Casinos ' ASCA fourth-quarter and full-year results reflected a weaking consumer and macroeconomy, but they were broadly in line with our
creditors which would likely lead to bankruptcy. Aside from Trump, we believe MGM Mirage, Las Vegas Sands LVS, and Ameristar ASCA face the most refinancing risk in our coverage universe. On the positive side, firms like Wynn Resorts, Boyd Gaming BYD
from high. This change pertains to Boyd Gaming BYD, MGM Mirage MGM, Pinnacle Entertainment PNK, Melco MPEL, Ameristar Casinos ASCA , Wynn Resorts WYNN, Las Vegas Sands LVS, and Penn National Gaming PENN. As we have made clear in previous
gaming industry has slowed down much harder and faster than we expected. We are placing our domestic casino operators (Ameristar ASCA , Boyd Gaming BYD, MGM Mirage MGM, Pinnacle PNK, and Trump TRMP) under review while we reassess our assumptions for these
estimates for several of these firms. Specifically, we have raised our uncertainty ratings for Boyd Gaming BYD, Ameristar ASCA , Penn National PENN, and MGM Mirage MGM from medium to high. Further, we have lowered our fair value estimates for Boyd
Ameristar Casinos ' ASCA third-quarter results showed sluggish growth, but were still in line with our expectations. We are maintaining our fair value