Tropicana Enters $1.85B Sales Agreement

April 16, 2018

Hotel Business reports that Tropicana Entertainment Inc., a majority owned subsidiary of Icahn Enterprises L.P., has entered into a definitive agreement to sell Tropicana’s real estate to Gaming and Leisure Properties Inc. and to merge its gaming and hotel operations into Eldorado Resorts Inc. for aggregate consideration of approximately $1.85 billion.

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