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icahn's company strikes approximately $1.85b tropicana deal

icahn's company strikes approximately $1.85b tropicana deal News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



icahn's company strikes approximately $1.85b tropicana deal

atlantic city, n.j. — carl icahn's company has struck an approximately $1.85 billion deal that would fuse the gaming and hotel operations of tropicana entertainment to eldorado resorts inc.the agreement, announced early monday, includes the sale of tropicana entertainment inc.'s real estate to gaming and leisure properties inc. it doesn't include tropicana's aruba assets, which will be disposed of as a condition to closing.icahn enterprises initially bought a stake in tropicana in 2008. the las vegas company currently owns and runs eight casinos and resorts.eldorado resorts is acquiring the operating assets of seven casinos in six states, including two in nevada — the tropicana laughlin hotel and casino and the montbleu casino resort & spa in south lake tahoe — as well as casinos in indiana (tropicana evansville); louisiana (belle of baton rouge casino & hotel); mississippi (trop casino greenville); missouri (lumière place); and new jersey (tropicana casino and resort, atlantic city).these properties include approximately 7,900 slot machines, 265 table games and 5,400 hotel rooms plus dining, retail and entertainment amenities. upon completion of all pending transactions, eldorado's property portfolio will feature about 26,800 slot machines and vlts, more than 800 table games and over 12,500 hotel rooms."the acquisition of seven tropicana entertainment properties will allow eldorado to enter two new gaming jurisdictions and deliver additional financial and geogra...