8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 8, 2005

American Casino & Entertainment Properties LLC

(Exact name of registrant as specified in its charter)

Delaware	333-118149	20-0572058
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2000 Las Vegas Boulevard South, Las Vegas, NV 89104

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (702) 380-7777

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

Section 2 – Financial Information
	Item 2.02 Results of Operations and Financial Condition.
Section 7 – Regulation FD
	Item 7.01 Regulation FD Disclosure.
Exhibit Index
SIGNATURES
EX-99.1: PRESS RELEASE

Section 2 – Financial Information

Item 2.02 Results of Operations and Financial Condition.

Section 7 – Regulation FD

Item 7.01 Regulation FD Disclosure.

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure.”

On August 8, 2005, American Casino & Entertainment Properties LLC (“ACEP”) issued a press release setting forth ACEP’s second quarter 2005 earnings. A copy of ACEP’s press release is attached as Exhibit 99.1.

Exhibit Index

99.1 Press Release dated August 8, 2005

[remainder of page intentionally left blank; signature page follows]

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMERICAN CASINO & ENTERTAINMENT PROPERTIES LLC (Registrant)
By:	/s/ Denise Barton
	Denise Barton
	Senior Vice President, Chief Financial Officer Secretary and Treasurer

Date: August 8, 2005

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EX-99.1

Exhibit 99.1

Contact:	Denise Barton
	Chief Financial Officer
	(702) 380-7777

FOR IMMEDIATE RELEASE

AMERICAN CASINO & ENTERTAINMENT PROPERTIES LLC
REPORTS SECOND QUARTER RESULTS

Las Vegas, Nevada, August 8, 2005 - American Casino & Entertainment Properties LLC (“ACEP”) today reported the following second quarter financial results:

For the quarter ended June 30, 2005, consolidated gross revenues increased to $86.6 million from $78.9 million for the three months ended June 30, 2004. This increase was primarily due to:

• increased casino revenues;

• increased hotel revenues as a result of an increase in occupancy and average daily room rate; and

• increased food and beverage revenues.

Net income for the quarter ended June 30, 2005 was $8.7 million, an increase from net income of $5.0 million for the quarter ended June 30, 2004. Net income for the quarter ended June 30, 2005 reflected the effects of increased net revenues, partially offset by an increase in selling, hotel and food and beverage expenses, as well as an increase in the provision for income taxes.

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The following table presents a reconciliation of net income to EBITDA for ACEP’s second quarter 2005 and 2004 results:

Reconciliation of Net Income to EBITDA
(in millions)

	For the Quarter Ended June 30,
	2005		2004
Net income	$	8.7	$	5.0
Interest expense		4.2		4.7
Provision for income taxes		4.6		1.3
Depreciation and amortization expense		5.7		6.4
EBITDA	$	23.2	$	17.4

ACEP owns three Las Vegas casinos, Stratosphere Casino Hotel & Tower, Arizona Charlie’s Decatur and Arizona Charlie’s Boulder.

This release contains certain “forward-looking statements” many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of ACEP. Among these risks and uncertainties are changes in general economic conditions, the extent, duration and strength of any economic recovery, risks related to our hotel and casino operations, including the effect of regulation, substantial competition, rising operating costs and economic downturns, and other risks and uncertainties detailed from time to time in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.

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