American Real Estate Partners
 |
|
| Master limited partnership | |
| Traded as | NASDAQ: IEP |
| Industry | Conglomerate |
| Predecessor | American Real Estate Partners L.P. |
| Headquarters | 767 Fifth Avenue, New York City, New York, United States |
|
Key people
|
Carl Icahn, Chairman Keith Cozza, CEO |
| Services | Diversified investments |
| Revenue |
 US$14.604 billion (2015) |
 US$1.386 billion (2015) |
|
|
US$2.127 billion (2015) |
|
| Total assets |
US$36.442 billion (2015) |
| Owner | Carl Icahn (89.012%) |
|
Number of employees
|
90,807 |
| Website | www |
Icahn Enterprises L.P. is an American conglomerate company headquartered at the General Motors Building in New York City, New York. The company has investments in various industries including auto parts, energy, metals, rail cars, casinos, food packaging, real estate and home fashion. The company is currently controlled by investor Carl Icahn.
The Sands Casino Hotel in Atlantic City New Jersey and several of the adjacent lots were purchased for $274.8 million by Pinnacle Entertainment in November 2006.
On April 23, 2007 it was announced that American Casino & Entertainment Properties was being sold to Whitehall Street Real Estate Funds, an affiliate of Goldman Sachs, for $1.3 billion. The sale is subject to approval of the Nevada Gaming Commission and the Nevada State Gaming Control Board.
On September 17, 2007, American Real Estate Partners changed its name to Icahn Enterprises L.P. and its NASDAQ ticker symbol from ACP to IEP. The company remains a master limited partnership.
In February 2016, Icahn Enterprises purchased Trump Entertainment Resorts out of Chapter 11 bankruptcy, acquiring the Trump Taj Mahal resort casino in Atlantic City, N.J. Shortly thereafter, an agreement was announced for the Taj Mahal to be managed by another Icahn affiliate, Tropicana Entertainment. Icahn also stated he would withhold a planned $100-million investment into the property if New Jersey approved casinos in the northern region of the state.
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Wikipedia