PRESS RELEASE

LAS VEGAS, NEVADA, August 14, 2015 -- American Casino & Entertainment Properties LLC (“ACEP”) reported financial results for the second quarter ended June 30, 2015.

Consolidated Net revenues were $95.7 million for the second quarter of 2015 compared to $89.4 million for the second quarter of 2014, an increase of 7.0%. ACEP reported second quarter net income of $7.4 million for 2015 compared to net income of $1.7 million for the second quarter of 2014. Adjusted EBITDA increased 20.0% to $22.2 million for the second quarter of 2015 compared to $18.5 million for the second quarter of 2014. Adjusted EBITDA Margin increased to 23.2% compared to 20.7% in 2014.

The increase in consolidated Net revenues for the second quarter of 2015 was driven by the casino, hotel and food and beverage divisions and was primarily the result of increased slot and table games revenue, higher occupancy, increased average daily rates, and higher food and beverage covers. ACEP has reported year over year increases in Net revenue in each of the last six quarters, and year over year increases in Adjusted EBITDA in five out of six quarters. Both Net revenues and Adjusted EBITDA were the highest second quarter and first six months results since the second quarter and first six months of 2008.

On July 7, 2015, we entered into a Credit and Guaranty Agreement in an aggregate principal amount of $310.0 million, consisting of $295.0 million New Term Loans, and a $15.0 million New Revolving Credit Facility. The proceeds of the New Term Loans were used, together with cash on hand of approximately $17.4 million, to repay in full the Company’s existing obligations under the 2013 Credit Agreements. We expect to reduce our cash paid for interest by approximately $7.0 million in the first twelve months.

The Stratosphere - Stratosphere’s Net revenues increased 11.1% in the second quarter of 2015 compared to the second quarter of 2014. Hotel revenue increased 20.3% in the second quarter of 2015 compared to the second quarter of 2014, due to a 5.7 percentage point increase in occupancy and a 12.9% increase in average daily room rates. In the second quarter of 2015, casino revenues increased 7.1% due primarily to increased slot and table games revenue. Food and beverage revenues increased 9.5% due to increased food and beverage covers. Tower revenue fell 2.3% due primarily to decreased Sky Jump admissions. Stratosphere increased both Adjusted EBITDA and Adjusted EBITDA Margin during the second quarter of 2015.

Arizona Charlie’s - The Arizona Charlie’s Net revenues increased 4.9% in the second quarter of 2015 as compared to the second quarter of 2014. Casino revenues increased 3.2% on increased slot coin-in and table games hold. Hotel revenues increased 20.8% due to increased occupancy at both properties and higher average daily room rates at Arizona Charlie's Decatur and food and beverage revenues increased 9.1% due to increased food covers. Due to increased revenues, Adjusted EBITDA and Adjusted EBITDA Margin increased at the Arizona Charlie’s properties during the second quarter of 2015 as compared to the second quarter of 2014.

The Aquarius - The Aquarius’ Net revenues increased 2.4% in the second quarter of 2015 compared to the second quarter of 2014. Hotel revenue decreased 2.7% in the second quarter of 2015 as occupancy decreased to 52.9% in the second quarter of 2015 compared to 56.4% in the second quarter of 2014. Casino revenue increased 3.1% due to increased slot and table revenue. Food and beverage revenue increased 2.4% due to a higher average check per cover. Adjusted EBITDA and Adjusted EBITDA Margin both increased in the second quarter of 2015 as compared to the second 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, August 14, 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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