CAMDEN, N.J. AP - Billionaire investor Carl Icahn is back in the Atlantic City casino business for what amounts to at least 80 percent off.A bankruptcy court judge in Camden approved the sale of the Tropicana Casino and Resort on Friday to a group of creditors led by Icahn. They're getting it in exchange for $200 million worth of debt in the Tropicana that they bought at a steep discount.
June 12, 2009 at 12:00 AM
1 minute read
CAMDEN, N.J. AP – Billionaire investor Carl Icahn is back in the Atlantic City casino business for what amounts to at least 80 percent off.
A bankruptcy court judge in Camden approved the sale of the Tropicana Casino and Resort on Friday to a group of creditors led by Icahn. They’re getting it in exchange for $200 million worth of debt in the Tropicana that they bought at a steep discount.
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