- White House struggles to contain political outcry over Trump-Putin summit
- ECB to hike rates before next downturn, say confident economists: Reuters poll
- China begins three-year plan to integrate Yangtze delta region: media
- New details emerge about harrowing Alaska plane crash
- Here's how much your next car could cost if Trump auto tariffs go through
Carl Icahn’s company has struck an approximately $1.85 billion deal that would fuse the gaming and hotel operations of Tropicana Entertainment to Eldorado Resorts Inc.
The agreement, announced early Monday, includes the sale of Tropicana Entertainment Inc.’s real estate to Gaming and Leisure Properties Inc. It doesn’t include Tropicana’s Aruba assets, which will be disposed of as a condition to closing.
Continue Reading Below
Icahn Enterprises initially bought a stake in Tropicana in 2008. The Las Vegas company currently owns and runs eight casinos and resorts.
The deal is targeted to close during the second half of the year.