How to Setup AceStream in Ubuntu 14.04 64bit

Since repository AceStream TV for Ubuntu 14.04 is not yet established, use Ubuntu 13.04 repository:
echo ‘deb http://repo.acestream.org/ubuntu/ raring main’ | sudo tee /etc/apt/sources.list.d/acestream.list 
Set the public key to the repository:
sudo wget -O – http://repo.acestream.org/keys/acestream.public.key | sudo apt-key add
sudo apt-get update
Download acestream-engine and all needed dependencies from the following archive:
Extract the files in your Home folder:
cd Ace-stream-U14.04
sudo dpkg -i acestream-engine-fix-Ubuntu_14.04.deb
Install missing dependencies:
sudo apt-get install python-apsw python-m2crypto
For 64-bit systems: 
cd /tmp && wget http://cz.archive.ubuntu.com/ubuntu/pool/universe/liba/libav-extra/libavutil-extra-51_0.8.10ubuntu0.12.04.1_amd64.deb http://cz.archive.ubuntu.com/ubuntu/pool/universe/libd/libdvbpsi/libdvbpsi7_0.2.2-1_amd64.deb http://cz.archive.ubuntu.com/ubuntu/pool/universe/libe/libebml/libebml3_1.2.2-2_amd64.deb http://cz.archive.ubuntu.com/ubuntu/pool/universe/libm/libmatroska/libmatroska5_1.3.0-1_amd64.deb http://cz.archive.ubuntu.com/ubuntu/pool/universe/x/x264/libx264-120_0.120.2151+gita3f4407-2_amd64.deb http://cz.archive.ubuntu.com/ubuntu/pool/universe/x/x264/libx264-123_0.123.2189+git35cf912-1_amd64.deb http://cz.archive.ubuntu.com/ubuntu/pool/universe/liba/libav-extra/libavcodec-extra-53_0.8.10ubuntu0.12.04.1_amd64.deb http://cz.archive.ubuntu.com/ubuntu/pool/universe/liba/libav-extra/libavformat-extra-53_0.8.10ubuntu0.12.04.1_amd64.deb http://cz.archive.ubuntu.com/ubuntu/pool/universe/liba/libav-extra/libavdevice-extra-53_0.8.10ubuntu0.12.04.1_amd64.deb && sudo dpkg -i *.deb 
Install AceStream:
sudo apt-get install acestream-full
Now mark the AceStream Engine to stop it from updating.
sudo apt-mark hold acestream-engine
 
Enjoy!
Thanks to   (http://compizomania.blogspot.com/2014/04/acestream-ubuntu-1404.html) who listed the detailed How-to. I have slightly modified it based on my own install experience.