Icahn Enterprises Selling Tropicana Entertainment for $1.85 Billion

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Carl Icahn’s company is selling its majority-owned gambling subsidiary, Tropicana Entertainment Inc., for about $1.85 billion, Icahn Enterprises LP said Monday.

Tropicana operates casino and entertainment properties in the U.S., including its flagship Tropicana Atlantic City, and a casino-resort in Aruba. Icahn Enterprises owned about 84% of Tropicana as of Dec. 31, according to a filing.

The…



Source link: https://www.wsj.com/articles/icahn-enterprises-selling-tropicana-entertainment-for-1-85-billion-1523880951?mod=pls_whats_news_us_business_f

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