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The Mountain Pine Suite In black and White. Ameristar Casinos, Inc. Annual Report. Consolidated selected financial data. We opened the new Ameristar St. Charles facility on August 6, We acquired Mountain High Casino on December 21. Ameristar Casinos, Inc. was a casino operator based in Paradise, Nevada. It was acquired by Pinnacle Entertainment in The company had eight properties in seven markets. The roots of Ameristar Casinos date to when "Cactus Pete" Piersanti opened Cactus Petes Desert Lodge. In , Ameristar acquired the Mountain High Casino in Black Hawk, Colorado. In , the Ameristar brand debuted after an $80 million renovation and expansion project that included additional covered parking; and announced details of its planned story hotel and spa.