Ameristar Casinos, Inc. NASDAQ: ASCA is a casino operator based in Paradise, an unincorporated township in Clark County, Nevada, United States in the Las Vegas metropolitan area. The company has eight properties in seven markets, including four in the United States’ largest 30 metropolitan markets. The company operates casinos in five of the country’s top 20 commercial casino markets. In addition, it owns and operates two of the nation’s 20 largest casinos . The roots of Ameristar Casinos date to 1954 when "Cactus Pete" Piersanti opened Cactus Petes Desert Lodge on U.S.... Route 93 just south of the Idaho border in Elko County. The area would later became Jackpot, Nevada. In 1956, Piersanti and others incorporated the property as Cactus Petes, Inc. The corporation took over management of the neighboring Horseshu Club in 1964. Cactus Petes came under the partial control of Ray Neilsen of Twin Falls, Idaho, in 1967. Neilsen's construction company had built many of the structures at Cactus Pete's. Neilsen's son, Craig, assumed control of day-to-day operations upon the elder Neilsen's death in 1971. Craig H. Neilsen became sole owner in 1984.
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| NASDAQ symbol: | ASCA |
| Founded: | 1954 |
| Headquarters: | Paradise, Nevada |
| Legal structure: | Public company |
| Annual revenue: | $1,267,900,000 |
| Net income: | $-130,670,000 |
| Operating income: | $-130,920,000 |
| Market cap: | $1,600,000,000 |
| Industries: | Hospitality, Other Amusement and Recreation Industries |