Exhibit 12.1

American Casino & Entertainment Properties LLC

Computation of Ratio of Earnings to Fixed Charges

(amounts in thousands, except ratios)

	Nine Months Ended
	September 30,				Year ended December 31,
	2009		2008		2008		2007	2006	2005	2004
Income (loss) before income taxes and extraordinary items	(4,231	)	(13,345	)	(39,760	)	54,233	43,962	48,823	30,972
Fixed Charges (1)	28,737		46,547		65,667		21,052	21,912	19,043	19,162
Amortization of capitalized interest							21	59	59	206
Earnings as defined	24,506		33,202		25,907		75,306	65,933	67,925	50,340
Fixed Charges (including capitalized items)
Interest Expense	24,027		41,186		57,097		19,378	20,072	17,794	17,793
Interest Capitalized	—		—		—		21	110	—	—
Amortized capitalized expenses related to indebtedness	4,378		4,923		8,015		1,174	1,132	1,052	1,146
Estimated interest within rental expense	332		438		556		479	599	197	223
Fixed charges as defined	28,737		46,547		65,668		21,052	21,913	19,043	19,162
Ratio of income (loss) to fixed charges	—	(2)	—	(2)	—	(2)	3.6	3.0	3.6	2.6

(1)  Fixed charges consist of interest, whether expensed or capitalized, amortization of debt discounts, premiums and issuance costs.

(2)  Due to our losses for the nine months ended September 30, 2009 and September 30, 2008 and for the twelve months ended December 31, 2008, the ratio coverage was less than 1:1 for these periods.  We would have had to have generated additional earnings of $4,231,000, $13,345,000 and $39,761,000 for the nine months ended September 30, 2009 and September 30, 2008 and the twelve months ended December 31, 2008, respectively, to have achieved coverage ratios of 1:1.