Bid for Fontainebleau Las Vegas Doubled
The unfinished Fontainebleau Las Vegas was up for auction by developer Jeffery Soffer, and one investor just doubled a rival offer for the casino hotel.
Investor Carl Icahn has just doubled a rival offer by Pennsylvania casino operator, Penn National Gaming, by bidding $155 million for Jeffery Soffer’s unfinished, drama-filled Fontainebleau Las Vegas casino hotel. Penn National Gaming originally bid $105 million for the property.
Icahn’s bid wasn’t challenged at first though, as Penn National Gaming reportedly tried to beat Icahn’s offering during a hearing yesterday, but stopped at $145 million leading to Icahn’s top bid sealing the deal.
A Miami bankruptcy judge has just approved the broad outlines of Icahn’s plan for the casino hotel that Fontainebleau lawyers have endorsed. The auction will take place on January 21, 2010.
Via: The Real Deal
Related Articles
Managing Revenue Volatility Tied to Transaction Volume: Cliff Long Discusses Financial Leadership in a Cyclical Housing Market
Cliff Long shares smart strategies real estate firms use to manage revenue volatility, diversify income, and stay resilient in shifting markets.
Luce Divina: The Art of Light, Elevated to Intentional Living
Discover Luce Divina candles, where luxury, mindful design, and artisan craftsmanship create a refined sensory experience for modern living.
Ralph Lauren’s New Major League Baseball Collection is a Home Run
A continuation of its ongoing partnership with Major League Baseball, Ralph Lauren has dropped a small collection celebrating six iconic teams.
Global Champions Arabians Tour Returns to Miami Beach with a Star-Studded, Sold-Out Weekend
The Global Champions Arabians Tour (GCAT) made a triumphant return to Miami Beach from April 10–11, 2026, delivering a sold-out second year that cemented the city’s status as one of the Tour’s most electrifying stops. Welcoming over 100 horses and handlers from across the globe competing for a share of the Americas circuit’s $2.7 million […]
Inside Masters Week: Private Jets, VIP Parties, and Augusta’s Most Exclusive Moments
From private jets and VIP parties to Mercedes-Benz and exclusive hospitality, here’s a look at the standout moments from Masters week in Augusta.
Rolls-Royce Project Nightingale: The Ultra-Exclusive Electric Coachbuilt Convertible Redefining Luxury Motoring
Rolls-Royce Project Nightingale is an ultra-exclusive electric coachbuilt convertible limited to 100 units, blending Art Deco design and silent luxury.
Latest Stories
Trending Articles
Related Articles
Managing Revenue Volatility Tied to Transaction Volume: Cliff Long Discusses Financial Leadership in a Cyclical Housing Market
Cliff Long shares smart strategies real estate firms use to manage revenue volatility, diversify income, and stay resilient in shifting markets.
Luce Divina: The Art of Light, Elevated to Intentional Living
Discover Luce Divina candles, where luxury, mindful design, and artisan craftsmanship create a refined sensory experience for modern living.
Ralph Lauren’s New Major League Baseball Collection is a Home Run
A continuation of its ongoing partnership with Major League Baseball, Ralph Lauren has dropped a small collection celebrating six iconic teams.
Global Champions Arabians Tour Returns to Miami Beach with a Star-Studded, Sold-Out Weekend
The Global Champions Arabians Tour (GCAT) made a triumphant return to Miami Beach from April 10–11, 2026, delivering a sold-out second year that cemented the city’s status as one of the Tour’s most electrifying stops. Welcoming over 100 horses and handlers from across the globe competing for a share of the Americas circuit’s $2.7 million […]
Inside Masters Week: Private Jets, VIP Parties, and Augusta’s Most Exclusive Moments
From private jets and VIP parties to Mercedes-Benz and exclusive hospitality, here’s a look at the standout moments from Masters week in Augusta.
Rolls-Royce Project Nightingale: The Ultra-Exclusive Electric Coachbuilt Convertible Redefining Luxury Motoring
Rolls-Royce Project Nightingale is an ultra-exclusive electric coachbuilt convertible limited to 100 units, blending Art Deco design and silent luxury.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events