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Competition leads Ameristar to cancel casino expansion

Kansas City Business Journal,  Friday, February 22, 2008 at 1:55:54 PM

Possible competition from casinos in Sugar Creek and in Kansas prompted Ameristar Casinos Inc. officials to scrap plans for an expansion at its Kansas City property that would have cost at least $100 million, a company spokeswoman said Friday.

"We think the Kansas City market is a terrific market, and we're still committed to it," Ameristar spokeswoman Karen Lynn said from the company's headquarters in Las Vegas. "It doesn't mean in the future we won't consider expansion in the Kansas City market."

Ameristar Casinos took a $4.5 million impairment charge in the fourth quarter for costs related to planning the expansion, Lynn said. the source
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