Tropicana Entertainment Sells Gaming and Hotel Operations for $1.85 Billion

Tropicana Entertainment Inc. (OTCQB: TPCA), a majority owned subsidiary of Icahn Enterprises L.P. (NASDAQ: IEP), announced today that it has entered into a definitive agreement to sell Tropicana’s real estate to Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) and to merge its gaming and hotel operations into Eldorado Resorts, Inc. (NASDAQ: ERI), for aggregate consideration of approximately $1.85 billion.
Source: New feed

Two Caesars Hotels Coming to Dubai

Caesars Entertainment Corporation (NASDAQ: CZR) and Meraas Holdings LLC have announced that they have entered into a non-binding letter of intent for Caesars Entertainment to manage two luxury hotels and a beach club at Meraas’ Dubai-based Bluewaters Island development.
Source: New feed

Hotel Indigo Gibraltar Announced

Converted from an existing office block, the building will be entirely reconfigured with a new facade and rooftop extension to form the 120-room Hotel Indigo Gibraltar.
Source: New feed