PRESS RELEASE

LAS VEGAS, NEVADA, March 26, 2015 -- American Casino & Entertainment Properties LLC (“ACEP”) reported financial results for the fourth quarter and year ended
December 31, 2014.

Consolidated Net revenues were $84.8 million for the fourth quarter of 2014 compared to $78.3 million for the fourth quarter of 2013, an increase of 8.3%. ACEP reported fourth quarter net income of $0.2 million for 2014 compared to net loss of $2.8 million for the fourth quarter of 2013. Adjusted EBITDA increased 20.8% to $14.5 million for the fourth quarter of 2014 compared to $12.0 million for the fourth quarter of 2013. Adjusted EBITDA Margin increased to 17.1% compared to 15.3% in 2013.

The increase in consolidated Net revenues for the fourth quarter of 2014 was driven by the casino, hotel and food and beverage divisions and was primarily the result of increased slot revenue, higher occupancy, increased average daily rates and resort fees, and higher food covers. For the three months ended December 31, 2014, certain expenses had an impact on income from operations. For the fourth quarter of 2014, non-cash share-based compensation expense was approximately $492,000 compared to zero for the fourth quarter of 2013.

The Stratosphere - Stratosphere’s Net revenues increased 10.4% in the fourth quarter of 2014 compared to the fourth quarter of 2013. Stratosphere increased room nights by 11.5% and occupancy increased 8.1 percentage points to 78.5%; the property’s best fourth quarter occupancy since 2009. Hotel revenue increased 23.3% in the fourth quarter of 2014 compared to the fourth quarter of 2013, due to the increase in occupancy, a 6.5% increase in average daily room rates and a 43.3% increase in resort fee revenue. For the year, Stratosphere increased its share of room nights occupied reported by the Las Vegas Convention and Visitors Authority. In the fourth quarter, casino revenues decreased 2.8% due primarily to a 2.3% and 6.1% decrease in slot coin in and table drop, respectively. Food and beverage revenues increased 15.7% due to increased food covers and higher average revenue per cover. Tower revenue increased 4.6% due to increased admissions. Stratosphere increased both Adjusted EBITDA and Adjusted EBITDA Margin during the fourth quarter of 2014.

 
Arizona Charlie’s - The Arizona Charlie’s Net revenues increased 2.7% in the fourth quarter as compared to the fourth quarter of 2013. Casino, hotel and food and beverage revenues increased at both Arizona Charlie’s properties. The increase in hotel revenue was due to increased occupancy at both properties and higher average daily room rates at Arizona Charlie's Decatur. Casino revenues increased 0.7% on increased bingo volume and hold. Food and beverage revenues increased due to increased food covers. As a result of increased expenses, Adjusted EBITDA and Adjusted EBITDA Margin decreased at the Arizona Charlie’s properties during the fourth quarter of 2014 as compared to the fourth quarter of 2013. In the Las Vegas Locals market, fourth quarter gaming revenue increased 2.2% with increases in both tables and slots. Combined with the third quarter, the market produced a 1.1% increase in gaming including a 4.8% increase in tables and a 1.2% increase in slots. This may be the reversal of a negative trend that began after year-over-year increases in 2011 and the first three quarters of 2012.

The Aquarius - The Aquarius’ Net revenues increased 10.3% in the fourth quarter of 2014 compared to the fourth quarter of 2013. ADR increased 5.8% in the fourth quarter of 2014 and occupancy increased to 42.2% in the fourth quarter of 2014 compared to 39.8% in the fourth quarter of 2013. Casino revenue increased 9.8% due to increased slot and table revenue. Adjusted EBITDA and Adjusted EBITDA Margin both increased in the fourth quarter of 2014 as compared to the fourth quarter of 2013. Visitation to Laughlin increased 3.2% marking the second year in a row the market has reported increased visitors in the fourth quarter. The increase was not enough to offset declines throughout the year and visitation fell 2.0% for the year. Visitors, however, extended their stays and total room nights occupied increased 7.9% in the fourth quarter and 2.3% for the year. Fourth quarter gaming revenue

2000 Las Vegas Boulevard South · Las Vegas, NV 89104

The following information was filed by American Casino Entertainment Properties Llc (ACEP) on Thursday, March 26, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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