Atlantic Coast Entertainment 10-K/A 2004 FY Annual report (amended)

EXHIBIT 12.1

ATLANTIC COAST ENTERTAINMENT HOLDINGS, INC. AND SUBSIDIARY

RATIO OF EARNINGS TO FIXED CHARGES

		Year Ended			Year Ended			Year Ended			Year Ended			Year Ended
		December 31,			December 31,			December 31,			December 31,			December 31,
		2004			2003			2002			2001			2000(1)
		(In thousands)
Income (loss) before income taxes		$	(9,218	)	$	(16,895	)	$	(6,985	)	$	(3,274	)	$	19,034
Fixed charges			9,631			13,593			13,810			13,562			3,865
Amortization of capitalized interest			353			303			237			—			—
Income (loss) as defined		$	766		$	(2,999	)	$	7,062		$	10,288		$	22,899
Fixed charges:
	Interest expense	$	7,767		$	12,026		$	11,640		$	11,279		$	3,499
	Interest capitalized		86			300			766			1,207			—
	Amortized capitalized expenses related to indebtedness		1,116			555			555			174			10
	Estimated interest within rental expense		662			712			849			902			356
Fixed charges as defined		$	9,631		$	13,593		$	13,810		$	13,562		$	3,865
Ratio of income (loss) to fixed charges			0.1	x		(0.2	)x		0.5	x		0.8	x		5.9	x
Deficiency of less than one-to-one ratio		$	8,865		$	16,592		$	6,748		$	3,274		$	—

(1)  Income before income taxes includes $14,795 of gain on pre-petition debt discharge and is presented for combined full year 2000.