WASHINGTON, Dec 14 (Reuters) - U.S. antitrust regulators have approved the sale of Tropicana Atlantic City Casino and Resort to pre-bankruptcy lenders, including financier Carl Icahn.
A U.S. Bankruptcy Court in Camden, New Jersey, previously approved the sale of Tropicana’s Atlantic City casino in exchange for the lenders’ canceling $200 million of their secured debt, according to a statement issued by Tropicana Entertainment [TRPET.UL] in June.
The sale was on a Monday list of deals that have won approval from antitrust regulators. The Federal Trade Commission puts the list out several times a week.
Tropicana filed for bankruptcy protection in May 2008. It also owns the Tropicana Casino & Resort on the Las Vegas strip. In May the company said it would emerge from bankruptcy, in part due to $150 million in exit financing from Icahn.
On Friday, Icahn said he had teamed up with Beal Bank to present a restructuring plan for bankrupt Trump Entertainment Resorts TRMPQ.PK.
Icahn is also involved in the restructuring of the Fontainebleau Las Vegas. (Reporting by Diane Bartz; editing by John Wallace)