LAS VEGAS - Billionaire investor Carl Icahn has offered a higher sum than Penn National Gaming Inc. to open bidding at a bankruptcy auction for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas Strip.
A clerk in Miami for U.S. Bankruptcy Court Judge A. Jay Cristol says Icahn offered $105 million Monday to buy the project from debtors plus $51.5 million in funding to resume construction, which already has cost more than $2 billion.
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