Ameristar Casinos “neutral weight,” estimates reduced

NEW YORK, March 22 (newratings.com) - Analyst Joel H Simkins of Prudential Financial maintains his “neutral weight” rating on Ameristar Casinos Inc ( ASCA.NAS ), while reducing his estimates for the company. The target price is set to $34.

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Thu, March 22nd, 2007

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Gambling casinos info:

  • Gambling became legalized in Vegas in 1931 by Mayme V. Stocker and J.H. Morgan who was issued Clark County Gaming License No. 1.
  • 1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
    1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel.
  • The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.
  • 1941: The Strip gets its first luxury hotel. El Rancho Vegas sets the trend for many of the themed resorts that sprout along the Strip in later years.
    1942: The first wedding chapel, the Little Church of the West, opens on the Strip in the Last Frontier Hotel.