Ameristar Casinos Inc said that second-quarter profit fell 16 percent as a debt restructuring raised borrowing costs and revenue slipped, sending the company's shares down more than 10 percent.
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Ameristar, which operates casinos in seven markets that include greater St. Louis, Denver and Omaha, Nebraska, reported net income of $14.3 million, or 25 cents a share, compared with $17 million, or 29 cents a share, a year earlier.
Excluding one-time items, Ameristar earned 32 cents a share, missing the analysts' average forecast of 37 cents, according to Reuters Estimates.
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