Icahn is the next owner of Atlantic City’s Tropicana

Billionaires Carl Icahn and Donald Trump had been battling for the ownership of Tropicana Casino Resort in Atlantic City during the past days. Icahn emerged as the winner and now has the rights to buy Tropicana.

The Casino Control Commission saw Icahn’s plan as more superior than that of Trump’s with even the latter having bondholders on his side to help him take over the casino.

It has been a long and difficult journey in finding the next owner for Tropicana. Icahn is credited for bringing back other AC casinos into life and he is planning the same for his soon-to-be-owned resort.

According to Sharon Anne Harrington, Vice Chair of the Commission, they are optimistic of Icahn going into the ball game again. Icahn received a unanimous vote from the four-member Commission.

Carl Icahn may just be the person Atlantic City is looking for as the used-to-be booming casino city is now in steady decline in revenue since the recession started almost two years ago.