EXHIBIT 21

Subsidiaries of Registrant

Set forth below is a list of subsidiaries of American Real Estate Partners, L.P. All other subsidiaries, if considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary.

	Jurisdiction
Entity	of Formation
ACE Gaming LLC		Delaware
American Real Estate Holdings Limited Partnership		Delaware
American Entertainment Properties Corp.		Delaware
American Casino & Entertainment Properties LLC		Delaware
AREP Oil & Gas Holdings LLC		Delaware
AREP Sands Holding LLC		Delaware
Aretex LLC		Delaware
Arizona Charlie’s, LLC		Nevada
Atlantic Coast Entertainment Holdings, Inc.		Delaware
Bayswater Development LLC		Delaware
The Bayswater Group LLC		Delaware
Charlie’s Holding LLC		Delaware
Fresca, LLC		Nevada
Galveston Bay Pipeline, Inc.		Delaware
Galveston Bay Processing, Inc.		Delaware
Mid River LLC		Delaware
National Energy Group, Inc.		Delaware
National Offshore LP		Delaware
National Onshore LP		Delaware
NEG Holding LLC		Delaware
NEG Oil & Gas LLC		Delaware
NEG, Inc.		Delaware
NEG Operating LLC		Delaware
New Seabury Properties, L.L.C.		Delaware
NGX Energy Limited Partnership		Delaware
Shana National LLC		Delaware
Stratosphere Advertising Agency		Nevada
Stratosphere Corporation		Delaware
Stratosphere Development, LLC		Delaware
Stratosphere Gaming Corp.		Nevada
Stratosphere Land Corporation		Nevada
Stratosphere Leasing, LLC		Delaware
Textile Holding, LLC		Delaware
Vero Beach Acquisition LLC		Delaware
WestPoint International Inc.		Delaware
WestPoint Home Inc.		Delaware