Thursday, February 18, 2010

Fontainebleau

According to Reuters, Icahn takes over Fontainbleau asset for $100 million. The construction of this project is stopped now. The project has already spent 2 billion for present halfway building. Icahn needs a few billion dollar to complete this project.

Frankly I am not optimistic about the future of Las Vegas. But it sounds interesting for me that a famous investor, Icahn, put billion dollar in this town.

I don't know what he are trying to do, but I hope the construction will complete as soon as possible and will be open soon.

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