Billionaire investor Carl Icahn has acquired the troubled Fontainebleau Las Vegas for $157 million, according to Bloomberg News. To date, the former owners have spent $2 billion on the project, which is 70 percent complete. Penn National Gaming, which offered the next highest bid, estimates that the property would need an injection of $1.5 billion to finish. A source says that when the resort eventually opens, it will be known as something other than Fontainebleau.
Carl Icahn Posts Winning Bid for Fontainebleau Las Vegas
The billionaire investor is getting the unfinished resort for a song at $157 million.
Carl Icahn Posts Winning Bid for Fontainebleau Las Vegas
The billionaire investor is getting the unfinished resort for a song at $157 million.
