Icahn Enterprises (NYSE: IEP) (formerly American Real Estate Partners) is a diversified holding company based in the General Motors Building in New York City, New York.
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The Sands in Atlantic City and some adjacent property, was sold in November 2006 for $274.8 million to Pinnacle Entertainment.[1]
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.[1][2][3] 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 NYSE ticker symbol from ACP to IEP.
Carl Icahn is the majority holder with an 87% interest in Icahn Enterprises.