THE BOTTOM LINE
That’s the value of a deal Carl Icahn’s company struck Monday that would fuse the gambling and hotel operations of Tropicana Entertainment to Eldorado Resorts Inc. The agreement 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. Icahn Enterprises bought a stake in Tropicana in 2008.