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Tuesday, September 28, 2010

I Guess Carl Icahn Missed John Paulson's Memo About How Great Las Vegas Will Be By 2012

So, now it's me and Icahn vs Paulson on the Las Vegas thesis. (Or, Paulson vs the world?)

After picking up the bankrupt Fontainebleau Las Vegas on the cheap, billionaire investor Carl Icahn is now holding a fire sale at the massive unfinished casino resort.

While the project, which is 70 percent complete, sits idle on the Las Vegas Strip, Icahn has started selling off beds, dressers, TVs and other furnishings, according to a source.

Posted by CP at 8:14 PM

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