Friday, January 22, 2010

Icahn poised to snap up bankrupt Las Vegas casino

A subsidiary of Icahn Enterprises, the eponymous vehicle of activist investor Carl Icahn, is set to acquire the bankrupt Fontainebleau Las Vegas development, according to a report in The Wall Street Journal.

Icahn’s firm emerged as the sole qualifying bidder for the stalled casino hotel project after two rival offers were deemed unqualified, court filings revealed this week.

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