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Icahn Unit Tropicana Inks $1.85B Sale For Casino Assets

Law360 (April 16, 2018, 2:13 PM EDT) -- Tropicana Entertainment Inc., a Las Vegas-based subsidiary of Icahn Enterprises LP, has agreed to a total $1.85 billion deal to sell its real estate assets to Gaming and Leisure Properties Inc. and merge its gaming and hotel operations with Eldorado Resorts Inc., the company said Monday.

Tropicana will sell six casino properties to real estate investment trust Gaming and Leisure Properties for $1.21 billion, excluding the company’s assets in Aruba. Tropicana’s gaming and hotel operations at the six casinos will be merged into casino owner and operator Eldorado Resorts’ business....
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