American Casino & Entertainment Properties is a leading developer and owner of casino resorts in the United States. The company was founded in 1998 and is headquartered in Las Vegas, Nevada.
American Casino & Entertainment Properties owns and operates several casino resorts, including the Stratosphere Casino, Hotel & Tower, which is one of the tallest observation towers in the United States. The Stratosphere Casino, Hotel & Tower features over 2,400 slot machines and 120 table games.
The company's properties are located in some of the most popular tourist destinations in the country, including Las Vegas and Laughlin, Nevada. American Casino & Entertainment Properties has a strong reputation for providing high-quality entertainment and gaming options to its guests.
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Acquisitions and Finances
Golden Entertainment has agreed to acquire American Casino & Entertainment Properties for $850 million. The purchase consideration consists of $781 million in cash and approximately 4 million shares of Golden Entertainment stock.
The acquisition will give Golden Entertainment a significant boost in its portfolio, adding 3,879 slot machines, 89 table games, and 4,895 hotel rooms to its existing properties. The company's stock price closed at $20 per share on Monday, June 13, up from $12.88 one year prior.
Golden Entertainment has secured committed financing totaling $1.1 billion from JPMorgan Chase Bank N.A., Credit Suisse, Macquarie Capital, and Morgan Stanley & Co. LLC to fund the cash consideration and refinance its existing credit facilities. The financing commitment includes a $100 million revolving credit facility to support the company's future growth initiatives.
The acquisition is expected to significantly expand Golden Entertainment's presence in the gaming and entertainment industry, with the company operating over 15,800 slot machines, 114 table games, and more than 5,100 hotel rooms across eight casino properties and almost 1,000 distributed gaming locations upon completion of the transaction.
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Golden Acquired for $850M
Golden Entertainment acquired American Casino & Entertainment Properties for $850 million. This deal is a significant one, with the purchase consideration consisting of $781 million cash and approximately four million shares of Golden Entertainment stock.
Golden Entertainment received committed financing totaling $1.1 billion to fund the cash consideration and refinance its existing credit facilities. This financing commitment includes a $100 million revolving credit facility to support the company's future growth initiatives.
The acquired properties feature a total of 3,879 slot machines, 89 table games, and 4,895 hotel rooms in Las Vegas and Laughlin, Nevada. These properties include The Stratosphere Casino, Hotel & Tower, Arizona Charlie's Hotel & Casino – Decatur, Arizona Charlie's Hotel & Casino – Boulder, and The Aquarius Casino Resort.
Upon closing, Whitehall Street Real Estate Partners 2007 will own approximately 15 percent of Golden's diluted shares outstanding. This is a notable aspect of the deal, as it demonstrates the significant impact the acquisition will have on Golden Entertainment's ownership structure.
Golden Entertainment's stock price has already shown a positive response to the news, closing at $20 per share on Monday, June 13, up from $12.88 one year prior.
Annual Revenue
American Casino & Entertainment Properties generated a significant amount of revenue in 2025, with an annual revenue of $949.1 million.
Their substantial revenue is a testament to the company's successful business operations and strategic decision-making.
The $949.1 million annual revenue is a notable figure, demonstrating the company's financial stability and growth.
This revenue figure is a crucial aspect of the company's financial performance, providing a solid foundation for future investments and acquisitions.
Leadership and Operations
At American Casino & Entertainment Properties, leadership plays a crucial role in shaping the company's direction and success. Frank Riolo is the President of the company, overseeing its various operations.
The President's role is vital in making strategic decisions that impact the company's growth and profitability. With Frank Riolo at the helm, American Casino & Entertainment Properties is well-equipped to navigate the ever-changing gaming industry.
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Who is the President?
The President plays a crucial role in a company's leadership. Frank Riolo is the President of American Casino & Entertainment Properties.
Leadership is not just about having a title, it's about making tough decisions and guiding the company forward. As the President, Frank Riolo is responsible for overseeing the operations of American Casino & Entertainment Properties.
Knowing who is in charge can help you understand the company's direction and goals. Frank Riolo's leadership is essential to the success of American Casino & Entertainment Properties.
Employment Count
92 people are employed at American Casino & Entertainment Properties.
Company Subsidiaries
American Casino & Entertainment Properties (ACEP) has a strong presence in the Gambling Facilities and Casinos industry. They operate primarily in this sector.
ACEP has a global workforce of approximately 156 people. This sizeable team allows them to effectively manage their operations.
ACEP is classified under the NAICS code 7132, which corresponds to Gambling Industries. This classification gives insight into their main area of focus.
ACEP maintains an official LinkedIn profile, which is actively utilized for branding and talent engagement.
Classification and Codes
American Casino & Entertainment Properties has specific classification codes that help identify its industry and activities.
The NAICS code for American Casino & Entertainment Properties is 55, 551, and 5511. These codes categorize the company as a part of the management of companies and enterprises sector.
The SIC code for American Casino & Entertainment Properties is 67 and 671, which places it under the business services sector.
These classification codes are used for various purposes, including statistical analysis and government regulations.
Company Data and Analysis
ACEP has an estimated 889 peer or competitor companies worldwide. This number gives us a sense of the market size and competition that ACEP faces.
The sheer number of competitors can make it challenging for ACEP to stand out, but it also presents opportunities for growth and innovation.
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