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Learn about working at American Casino & Entertainment Properties. Join LinkedIn today for free Retired Prior: American Casinos & Ent Prop LLC/ Golden Entertainment. See jobsFollow Headquarters: Las Vegas, NV. Type: Privately.


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(Address of principal executive offices). American Casino & Entertainment Properties LLC, or ACEP, was formed in Delaware on December 29,


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(Address of principal executive offices). American Casino & Entertainment Properties LLC, or ACEP, was formed in Delaware on December 29,


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Securities Exchange Act of Date of Report (Date of Earliest Event Reported​): May 9, American Casino & Entertainment Properties LLC.


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See what employees say it's like to work at American Casino & Entertainment Properties. Salaries Headquarters Las Vegas, NV. Size to The acquisition of American Casino & Entertainment Properties LLC brought to Golden Read.


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See what employees say it's like to work at American Casino & Entertainment Properties. Salaries Headquarters Las Vegas, NV. Size to The acquisition of American Casino & Entertainment Properties LLC brought to Golden Read.


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See what employees say it's like to work at American Casino & Entertainment Properties. Salaries Headquarters Las Vegas, NV. Size to The acquisition of American Casino & Entertainment Properties LLC brought to Golden Read.


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(Address of principal executive offices). American Casino & Entertainment Properties LLC, or ACEP, was formed in Delaware on December 29,


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Headquarters. Las Vegas, Nevada.,. United States. Number of locations. 4. Area served. Global. Products, Casinos, Resorts. American Casino & Entertainment Properties (ACEP) owned and operated 4 casinos. American Casino & Entertainment Properties LLC Form K Annual Report; ^ Finnegan, Amanda (4.


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In addition, we also believe that the investments made are supporting a recovery in our gaming business. The mix of slot play product is regularly modified to maximize revenues while also providing customers with the most current and popular games available. Class A Membership Interests. The Stratosphere offers the tallest free-standing observation tower in the United States and, at 1, feet, is the tallest building west of the Mississippi River and a well-recognized landmark in Las Vegas.{/INSERTKEYS}{/PARAGRAPH} The Aquarius has been able to achieve these positive results even as the broader Laughlin market has experienced a decline of 6. Our key objectives are to attract customers to the Stratosphere with a high propensity to gamble, and once they are at the Stratosphere, to increase the length of stay and the amount of time and money they spend at the property. {PARAGRAPH}{INSERTKEYS}F orm K. Our marketing efforts and rewards programs target and incentivize slot play and help drive slot revenues. During , casino revenues grew 3. We routinely conduct comprehensive customer surveys at all of our properties, and we pursue a process of continuous improvement at our properties based on the information gathered from our customer satisfaction surveys. As a result, we do not issue significant amounts of credit to our customers, the need to accept discounts on losses is rare and our revenues are not tied to whether a small group of high-end customers win or lose in their wagering. We are focused on positioning the Aquarius as the high-end gaming venue in Laughlin and increasing market share and cash flow. We seek to position the Stratosphere as the property of choice in the middle-market segment on the Las Vegas Strip. At the Stratosphere, average daily room rate, or ADR increased We believe these strong results were driven by our ability to capitalize on the overall growth in visitation to Las Vegas coupled with the property improvements made by our management. At the Stratosphere, gaming revenue per occupied room increased 1. By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Our Gaming and Entertainment Properties. At the Stratosphere, we have focused our investments on room and casino renovations, food and beverage amenities and new attractions. Private Securities Litigation Reform Act of Forward-looking statements are not historical facts but instead represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Riolo led a restructuring of the Viejas Casino that involved increasing the property size while reducing the number of employees to operate more efficiently. Ned Martin, who was named our CFO in October , has held senior-level positions in finance, operations and gaming development with Station Casinos, Inc. We believe these improvements allow us to continue to offer high quality products to our customers and position us for revenue growth as the Las Vegas and Laughlin gaming markets recover. To achieve these objectives, we have invested in targeted improvements to the hotel rooms and common areas, including the entrances, restrooms, restaurants, pool and gaming floor, as well as adding new attractions, such as Sky Jump, which opened in We use targeted promotional initiatives as part of our rewards program and we believe that these initiatives will help us increase player spend and differentiate the properties from their competitors. Upgraded Portfolio Positioned for Market Recovery. Our capital programs are focused on renovating and improving the amenities offered at our properties with the goal of encouraging our guests to spend more time and money at our properties. Lower Risk Revenue Stream. Based on estimates, it is believed that most of the unknown origin is international business. These projects included room renovations, new restaurants, gaming floor improvements, gaming equipment upgrades and replacements, pool renovations and other capital improvements. Our management team continues to focus on improving our existing facilities, customer service, and positioning each property to target its respective market. At the Aquarius, gaming revenue performance has been resilient. Experienced Management Team. As a condition of the Goldman Term Loans, we were required to maintain a cash management account where we deposited all cash revenues. For the year ended December 31, , slot revenues represented We believe that revenue from slot play is more predictable and more stable than revenue from table game play particularly high-end table game play and, as a result, our revenue stream from casino play is more predictable and less volatile than that of gaming operators that rely more on high-end table game play. Upon consummation of the Acquisition, Voteco acquired control of ACEP from our previous direct parent, which sold all the issued and outstanding membership interests of ACEP to Voteco pursuant to the membership interest purchase agreement. Our Business Strategy. Each of the members of Voteco is party to the Transfer Restriction Agreement. For the fiscal year ended December 31, Exact name of registrant as specified in its charter. Identification No. Zip code. The Stratosphere is located on approximately 34 acres of land at the northern end of the Las Vegas Strip, of which approximately 17 acres have been developed. At the Aquarius, we have focused our investments on renovations to the rooms and suites, gaming floor, common areas, restaurants and the pool. We continue to focus on rationalizing our marketing by focusing on customer reinvestment rates and working to maximize yield on existing customers. Our employees participate in regular customer service training programs. These statements include statements other than historical information or statements of current condition and may relate to our future plans and objectives and results, among other things, as well as statements about the objectives and effectiveness of our risk management policies, statements about trends in or growth opportunities for our businesses, and statements about our future status, activities or regulation by the Nevada Gaming Commission and the Nevada State Gaming Control Board. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Revenue volatility is also mitigated because we cater to middle-market customers, and we generally do not attract high-end customers. At the Stratosphere and Aquarius, we provide value-oriented entertainment. Each of our casinos emphasizes slot play, with substantially more slot machines than other games. We deploy capital strategically into value-enhancing projects to help increase the amount of time and money spent at our properties and to attract new customers. Our non-gaming business is also benefiting, with food revenue per occupied room increasing 0. Delivering a High Level of Customer Service. Our management team has developed a strategy that focuses on increasing the amount of time and money spent at our properties, strengthening our market position, attracting new customers, maximizing yield on existing gaming customers, and increasing productivity throughout the portfolio. We work to rationalize our marketing expense and player reinvestment rates in order to increase yield on gaming customers. The Transfer Restriction Agreements provides, among other things, that:. Our properties attract a mix of local gaming customers and destination travelers, and we generate business from both the fly-in and drive-in markets. This was achieved despite gross gaming revenues in the Laughlin market declining 0. We have also invested capital in making renovations at the Aquarius, including renovations to the standard rooms and suites, gaming floor, common areas and restaurants. Our ability to create a defined hold percentage and select the denominations and types of games on our slot floor help promote the predictability of our slot play revenue. We are committed to providing our customers a high level of customer service. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15 d of the Exchange Act. Our four properties primarily target middle-market, value-oriented gaming customers. This compared to the overall Laughlin market that experienced an increase in ADR of 3. We believe that we have already seen benefits of this investment as noted above. We believe that the diverse nature of our properties and the markets in which they operate provide a more stable revenue stream and customer base as compared to casino operators in Nevada that target only a single market. Since our acquisition in we have been managed by a team with extensive experience in gaming operations. Provide a Value-Oriented Experience. Cautionary Statement Pursuant to the U. Securities registered pursuant to Section 12 g of the Act:. In the last few years, we have invested significant capital into targeted improvements at each of our properties. Securities registered pursuant to Section 12 b of the Act:. Our strategy for each property is summarized below:. Riolo and Martin are supported by property-level general managers that each have more than 20 years of experience in the gaming and hotel industries. Address of principal executive offices. Diverse Gaming Portfolio. We cater to middle-market gaming customers by offering, in each of our properties, a value-oriented experience that provides competitive odds in our casinos, quality rooms in our hotels, high-quality dining facilities and, at the Stratosphere and the Aquarius, competitive, value-oriented entertainment attractions. The management team is focused on designing and executing key operating strategies to grow the revenues and profitability of the portfolio. Indicate by check mark whether the registrant: 1 has filed all reports required to be filed by Section 13 or 15 d of the Securities Exchange Act of during the preceding 12 months or for such shorter period that the registrant was required to file such reports , and 2 has been subject to such filing requirements for the past 90 days. Check one :. The Aquarius appeals to local Laughlin customers, but it is also positioned as an alternative value destination for customers travelling from Nevada, Arizona and Southern California. PART I. We believe that the Aquarius is a leader in its market. Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. We believe the value we offer our customers, together with a strong focus on customer service, will enable us to continue to attract customers to our properties. Our properties are well positioned to provide a high quality experience to customers. Las Vegas, NV. We also invest capital in projects to maintain the overall appeal of the properties. Over the four-year period that Mr. In addition, our ace PLAY program enables customers to earn rewards, further encouraging frequent visits by our customers. We believe that the recent renovations of the hotel rooms, the gaming floor and the pool area will attract both tourists and locals, helping us to increase cash flow and increase or maintain our average daily room rate. We generate a significant amount of our business from both the fly-in and drive-in markets. We believe that the properties are well positioned to maximize revenues from our existing customers, encourage repeat visits and increase cash flow as the market continues to recover. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule of the Securities Act. State or other jurisdiction of. In addition, the Goldman Term Loans contained important affirmative and negative financial covenants customary for loans of this nature.