November 12, 2015
US billionaire Carl Icahn is reported to be selling the Fontainebleau Resort, an unfinished casino development on the Las Vegas Strip. Finance magnet and renowned ‘corporate raider’ Icahn is reported to have contracted property broker CBRE Group to conduct the sale of the $3 billion unfinished development. US business sources have speculated that Icahn is seeking a sale price of …
Read More »December 19, 2014
Billionaire investor Carl Ichan has brokered a last minute deal with Trump Entertainment Resorts workforce union representatives to save the closure of the Trump Taj Mahal, Atlantic City’s second biggest casino. Ichan Enterprise currently owns $292 million of Trump Entertainment debt, the firm stated that it would take over the casino operations and inject operating capital if the New Jersey …
Read More »December 11, 2014
Bankrupt Trump Entertainment Resorts will settle its financial dispute with former online gambling partners Betfair and Ultimate Gaming. The casino operator who filed for bankruptcy in September processed in court documents last week to begin its settlement with its former online gambling partners. Betfair had partnered with Trump Entertainment in order to comply with New Jersey federal laws regarding online …
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