100xOdds
100xOdds
Joined: Feb 5, 2012
  • Threads: 484
  • Posts: 2712
April 16th, 2018 at 8:07:30 AM permalink
http://www.einnews.com/pr_news/442319504/icahn-enterprises-l-p-announces-definitive-agreement-to-sell-tropicana-entertainment-inc-for-1-85-billion

wtf?!
The Trop rose to became the #2 casino in AC in terms of revenue and Icahn sells?

hm.. selling while on top?
ie: he predicts conditions will get worse in AC, such as 2 rival casinos opening this year?
Last edited by: 100xOdds on Apr 16, 2018
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
TigerWu
TigerWu
Joined: May 23, 2016
  • Threads: 16
  • Posts: 2969
April 16th, 2018 at 8:31:04 AM permalink
Smart move.

There's more and more casino competition on a global level.

Cash the check and get out while the gettin's good.
GWAE
GWAE
Joined: Sep 20, 2013
  • Threads: 87
  • Posts: 8397
April 16th, 2018 at 8:56:47 AM permalink
I wonder how much of the 1.85 will actually be cold hard cash. When people see these numbers they assume he is getting that much. I dont believe that is the case, or is it? His he still responsible for any debt, or does that transfer to new owners?
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW

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