Nevada officials approve Carl Icahn's control of 9 casinos as part of Tropicana reorganization

LAS VEGAS (AP) — Nevada gambling regulators on Thursday approved billionaire investor Carl Icahn's plan to control nine casinos in four states as part of the bankruptcy reorganization of Tropicana Entertainment LLC.

The plan involves casinos in Nevada, Mississippi, Indiana and Louisiana, and still must be approved by regulators in New Jersey because the company owns assets there.

Under the plan, Tropicana is reorganizing as a publicly traded company, Tropicana Entertainment Inc., with shares owned by some 150 lenders, said company CEO Scott Butera.

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