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EXHIBIT 21


Subsidiaries of Registrant




|                                               |  |              |          | 
|---------------------------------------------- |  | ------------ | -------- | 
|                                               |  | Jurisdiction |         
|                                               |  | of           |         
|Entity                                         |  | Formation    |         
|                                               |  |              |         
|ACE Gaming LLC                                 |  |              | 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 |