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Ameristar Casinos Inc. May 11
Standard & Poors, May 2011
Abstract
Relatively diverse portfolio of assets; Leading market share in several of its markets; and Good free operating cash flow generation. High debt leverage; and High levels of competition in many of its markets. Standard & Poor's Ratings Services' rating on Las Vegas-based Ameristar Casinos Inc.'s high levels of competition in many of its markets, generally weak operating conditions in the U.S. gaming industry because of the pullback in consumer spending, and high debt leverage. The company's relatively diversified portfolio of gaming operations, leading market share in several of its markets, and our expectation of relatively stable cash flow generation over the intermediate term temper these weaknesses. In 2011, we expect Ameristar to generate relatively stable revenue and EBITDA. Our performance...
Companies mentioned in this report are: Ameristar Casinos Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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