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Carl Icahn sells Tropicana casinos in $1.85 billion deal


By Ankit Ajmera(Reuters) - Billionaire investor Carl Icahn is cashing out of casino business Tropicana Entertainment in a $1.85 billion deal that will see Eldorado Resorts picking up Tropicana's casino operations including its crown jewel in Atlantic City.Under the deal announced on Monday, six of the eight casino properties run by Tropicana will be sold by Icahn Enterprises LP to real estate investment trust Gaming and Leisure Properties for $1.21 billion.The casino operations will be taken over by Eldorado, which will pay the remaining $640 million and lease the properties from GLPI for an ...

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First Published: Mon, April 16 2018. 21:26 IST