Ameristar Casino Up For Sale?? (ASCA)
According to the New York Post, casino operator Ameristar Casinos (NASDAQ: ASCA) may be putting itself up for sale.
The company has hired Lazard to consider a possible sale of itself. The paper said the process should start sometime in the fall.
Ameristar has casinos in seven markets, including the St. Louis, Denver and Omaha, Nebraska, markets.
As of June 30, the company's outstanding debt was at $1.63 billion.
Shares are skyrocketing pre-market on this news, up 96 cents to $15.56.
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