Goldman strikes gold at casinos!!!

IIPM PUBLICATION

Billionaire financer Carl Icahn has agreed to sell his four Nevada casinos – including Stratosphere – to Goldman Sachs Real Estate fund for $1.3 billion. The deal also includes 17 acres stretch on the Las Vegas strip. Surprising is the fact that Icahn has decided to sell-off the strip an year after it fetched a record revenue of $6.69 billion, which is an 11% increase on the revenues clocked in 2005. However, the final nod for the deal might come in another eight months as it still needs to be approved by the Nevada Gaming Commission and the Nevada State Gaming Control Board.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Article, Visit Below....
http://iipm-top-mba-institute.spaces.live.com/
http://iipm-here-is-your-future.spaces.live.com/
http://iipm-campus-events.spaces.live.com/
http://iipm-institute.spaces.live.com/