|Master limited partnership|
|Traded as||NASDAQ: IEP|
|Predecessor||American Real Estate Partners L.P.|
|Headquarters||767 Fifth Avenue, New York City, New York, United States|
|Carl Icahn, Chairman
Keith Cozza, CEO
|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
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.
Icahn Enterprises L.P. was incorporated on Feb. 17, 1987.
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.
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.
On August 3, 2016, it was announced that the Trump Taj Mahal would be shut down permanently on October 10, 2016.
Subsidiaries and interests
- American Railcar Industries
- Bayswater Development
- CVR Energy
- Fontainebleau Resort Las Vegas
- Pep Boys
- PSC Metals
- Tropicana Entertainment (68% stake)
- Trump Entertainment Resorts - last resort under Trump Entertainment closed October 2016.
- WestPoint Home
- "10-K". EDGAR. 2016-02-29.
- Kevin Orland (7 December 2015). "Pep Boys Rises After Icahn Takes Stake With Eye Toward Deals". Bloomberg Business. Retrieved 7 December 2015.
- "Profile: Icahn Enterprises LP (IEP.O)". Reuters. Retrieved 18 August 2017.
- Knight, Arnold M. (2007-04-24). "Icahn Sells Southern Nevada casinos". Las Vegas Review-Journal. p. 1A. Retrieved 2007-04-24.
- "KTNV 11PM newscast". KTNV. 2007-04-23.
- "Icahn Company Sells 4 Nevada Casinos to Goldman". New York Times. Reuters. 2007-04-24. Retrieved 2007-04-24.[dead link]
- Joshua Jamerson (March 2, 2016). "Tropicana to manage Trump Taj Mahal; Icahn chides N.J. Leaders". Wall Street Journal. Retrieved 2016-03-24.
- "No money for Taj Mahal if New Jersey casinos are approved". www.gamblinginsider.com. Retrieved 2016-03-09.
- "Icahn Enterprises completes acquisition of Pep Boys" (Press release). Pep Boys. February 4, 2016. Retrieved 2016-03-03.
- Andrew Bary (March 2, 2016). "A safe casino bet: Icahn’s Tropicana Entertainment". Barron's. Retrieved 2016-03-03.
- Christopher Palmieri (February 26, 2016). "Trump's former Atlantic City jewel exits bankruptcy, now Icahn's". Bloomberg Business. Retrieved 2016-02-26.