June 09, 2004
Ameristar Casinos is acquiring the Mountain High Casino in Black Hawk, Colo., for about $115 million. The company plans a number of capital improvements to the property, including the addition of a 300-room upscale hotel and an expansion of the casino's 57,000 square feet of gaming space. The construction, expected to cost $75 million, will take place in three stages and will begin once the sale is finalized at the end of the year.