PRESS RELEASE

LAS VEGAS, NEVADA, May 15, 2015 -- American Casino & Entertainment Properties LLC (“ACEP”) reported financial results for the first quarter ended March 31, 2015.

Consolidated Net revenues were $94.4 million for the first quarter of 2015 compared to $89.0 million for the first quarter of 2014, an increase of 6.1%. ACEP reported first quarter net income of $8.0 million for 2015 compared to net income of $4.5 million for the first quarter of 2014. Adjusted EBITDA increased 18.7% to $22.2 million for the first quarter of 2015 compared to $18.7 million for the first quarter of 2014. Adjusted EBITDA Margin increased to 23.5% compared to 21.0% in 2014.

The increase in consolidated Net revenues for the first quarter of 2015 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.

The Stratosphere - Stratosphere’s Net revenues increased 4.7% in the first quarter of 2015 compared to the first quarter of 2014. Hotel revenue increased 14.1% in the first quarter of 2015 compared to the first quarter of 2014, due to a 4.0 percentage point increase in occupancy, a 6.4% increase in average daily room rates and a 24.5% increase in resort fee revenue. In the first quarter of 2015, casino revenues decreased 1.9% due primarily to a 0.5% decrease in slot coin in and 0.6 percentage point decrease in table hold. Food and beverage revenues increased 5.9% due to increased food and beverage covers. Tower revenue fell 3.7% due primarily to decreased Sky Jump admissions. Stratosphere increased both Adjusted EBITDA and Adjusted EBITDA Margin during the first quarter of 2015.

Arizona Charlie’s - The Arizona Charlie’s Net revenues increased 2.1% in the first quarter of 2015 as compared to the first quarter of 2014. 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. Food and beverage revenues increased due to increased food covers. Casino revenues increased 0.1% on increased bingo volume and hold. Due to increased expenses, overall Adjusted EBITDA and Adjusted EBITDA Margin decreased at the Arizona Charlie’s properties during the first quarter of 2015 as compared to the first quarter of 2014, although Adjusted EBITDA and Adjusted EBITDA Margin rose slightly for Arizona Charlie's Boulder.

The Aquarius - The Aquarius’ Net revenues increased 11.9% in the first quarter of 2015 compared to the first quarter of 2014. Hotel revenue increased 13.2% in the first quarter of 2015 as ADR increased 4.6% and occupancy increased to 55.7% in the first quarter of 2015 compared to 51.4% in the first quarter of 2014. Casino revenue increased 10.9% due to increased slot and table revenue. Food and beverage revenue increased 6.4% due to increased covers and a higher average check per cover. Adjusted EBITDA and Adjusted EBITDA Margin both increased in the first quarter of 2015 as compared to the first quarter of 2014.



2000 Las Vegas Boulevard South · Las Vegas, NV 89104

The following information was filed by American Casino Entertainment Properties Llc (ACEP) on Friday, May 15, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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