Carl Icahn Makes $450million

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  • MinnesotaFats
    SBR Posting Legend
    • 12-18-10
    • 14758

    #1
    Carl Icahn Makes $450million
    Flipped the Fountainbleau, that 70 story unfinished project we've all noticed on the strip.

    Bought the abandoned building for $150mm In 2010, a project initially estimated at $2.3billion.

    Will be new high end resort.

    FYI Fountainbleau and Grandissimo we're names associated with Jay Sarnos vision of Vegas and popular resort destinations. Interesting how the past comes back in vogue regarding names and ideas. Sarno not given as much credit as he deserves for his Vegas contributions.
  • Git Lo
    SBR MVP
    • 02-20-11
    • 3785

    #2
    see anyone can do it with a small investment of 150 million
    Comment
    • shocka1212
      SBR Posting Legend
      • 10-06-12
      • 16788

      #3
      not bad...
      Comment
      • jjgold
        SBR Aristocracy
        • 07-20-05
        • 388179

        #4
        Any new casino could never make it in Las Vegas many are struggling
        Comment
        • MinnesotaFats
          SBR Posting Legend
          • 12-18-10
          • 14758

          #5
          Originally posted by jjgold
          Any new casino could never make it in Las Vegas many are struggling
          It seems that way but the great thing about being new is that you can design/ steer the vision towards your ideal clientele without having to unwind past promotions or loyalties.

          We'll see what they come up with.
          Comment
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