{"id":208335,"date":"2010-01-21T09:46:00","date_gmt":"2010-01-21T14:46:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/icahn-bags-distressed-vegas-casino-for-90-off-as-only-man-with-balls-to-bid-at-auction-2010-1"},"modified":"2010-01-21T09:46:00","modified_gmt":"2010-01-21T14:46:00","slug":"icahn-bags-distressed-vegas-casino-for-90-off","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/208335","title":{"rendered":"Icahn Bags Distressed Vegas Casino For 90% Off"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/747a6c79c8cea549eb731400-400-\/carlicahnap022509.jpg\" border=\"0\" alt=\"carlicahnap022509\" width=\"400\" \/><\/p>\n<\/p>\n<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'clusterstock'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Carl Icahn has scooped up the distressed Fontainebleau Las Vegas for just $157 million, after making the only qualified bid at the auction.<\/p>\n<p>That&#8217;s over 90% below what it cost to build the casino so far, but of course it could end up as a huge liability for Mr. Icahn as well. The Fontainebleau also needs another $1.5 billion of potential work before it can be completed.<\/p>\n<p>Still, this could be an early sign of renewed interest in Vegas (especially combined with other news, such as a rebound in gaming revenue).<\/p>\n<p>According to the <a href=\"http:\/\/www.miamiherald.com\/business\/story\/1436628.html\">Miami Herald<\/a>, Icahn was the only qualified investor with the stones to show up for the auction.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/icahn-bags-distressed-vegas-casino-for-90-off-as-only-man-with-balls-to-bid-at-auction-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/carl-icahn-shaking-things-up-at-take-two-2010-1\">Carl Icahn Shaking Things Up At Take-Two<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/carl-icahn-wants-to-take-down-donald-trump-swinging-2009-12\">Carl Icahn: Donald Trump Runs Companies So Badly, It&#8217;s A Disaster When He Takes Over<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/carl-icahn-suing-goldman-over-delphi-short-selling-2009-12\">Carl Icahn Sues Goldman Sachs Over Delphi Short Selling<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/wr_axA9FDRs\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carl Icahn has scooped up the distressed Fontainebleau Las Vegas for just $157 million, after making the only qualified bid at the auction. That&#8217;s over 90% below what it cost to build the casino so far, but of course it could end up as a huge liability for Mr. Icahn as well. The Fontainebleau also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-208335","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/208335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=208335"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/208335\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=208335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=208335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=208335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}