Los Angeles (Reuters) - A plan for the restructuring of MGM Mirage, suggested by investor Carl Icahn, would involve swapping debt for equity and be done in concert with Kirk Kerkorian, MGM's majority shareholder, a source familiar with the situation said on Friday. Some MGM bondholders, including Icahn, have floated the idea of the debt-laden casino operator filing for bankruptcy...

Las Vegas (AP) - Billionaire Carl Icahn and an investment fund believe MGM Mirage Inc. should file for bankruptcy, The Wall Street Journal reported Thursday. They want the Las Vegas-based casino operator to restructure its more than USD 13 billion in debt as soon as possible. A story posted on the newspaper's Web site Thursday citing unnamed sources...

Carl Icahn is making a play for a hotel-casino that is down on its luck. Following months of anticipation, the billionaire and activist investor made a USD 200.0 million offer to acquire the Tropicana Casino and Resort in Atlantic City on Tuesday, demonstrating how poorly the gaming industry has fared over the last year amid the economic downturn. Year-earlier bids for the struggling casino were closer to USD 1.0 billion.

Atlantic City - A group including billionaire financier Carl Icahn says it plans to bid for Atlantic City's Tropicana Casino and Resort in a bankruptcy court auction. The committee of lenders and investors filed a petition Monday with the New Jersey Casino Control Commission indicating its intent to bid on the casino. An offering price will be determined by April 1.

Billionaire financier Carl Icahn may be rolling the dice again on an Atlantic City casino. The former owner of the now defunct Sands Casino Hotel is among parties who may offer to buy the troubled Tropicana Casino and Resort once it’s offered in a bankruptcy auction. Attorney Gilbert Brooks, representing Icahn and other secured lenders who hold a USD 1.4 billion mortgage on the casino-hotel, says Icahn and others are willing to make an offer as a so-called stalking horse.

Atlantic City - Donald Trump's gaming empire may be the target of an investment fund that bought billionaire Carl Icahn's Nevada casinos two months ago. Another potential buyer is a group that includes Dennis Gomes, a former Atlantic City gaming executive who once worked for Trump before the two had a falling out.

April 23 (Bloomberg) -- Carl Icahn agreed to sell the Stratosphere, three other Nevada casinos and 17 acres on the Las Vegas Strip to Goldman Sachs Group Inc.'s real estate funds for USD 1.3 billion. Goldman's Whitehall Street Real Estate Funds will buy the Arizona Charlie's Decatur and Boulder casinos off the Strip and the Aquarius Casino Resort in Laughlin, Nevada. Icahn's American Real Estate Partners LP will see a gain of USD 1 billion from the sale of the properties he began buying just eight years ago, the Mount Kisco, New York-based company said today in a statement.