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Home > Company Index > Real Estate > Property Investment & Management > American Real Estate Partners, L.P.
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American Real Estate Partners, L.P. |
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PROFILE |
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American Real Estate Partners (AREP) is acting like it wants to own all of America. An arm of billionaire corporate raider Carl Icahn (owner of 85% of the firm), AREP's real estate holdings include subdivisions, condominiums, supermarkets, truck terminals, golf courses, banks, and other retail, office, and industrial properties. But the firm has started to play games. Its biggest moneymaker is the Stratosphere Casino, Hotel, and Tower in Las Vegas, which it bought (in association with other Icahn interests), brought out of bankruptcy, and now is expanding by 1,000 rooms. AREP is pursuing plans (and gaming licenses) to work similar magic with the financially troubled casinos in Atlantic City, New Jersey.
COMPETITION |
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JMB Realty Corporation (dossier)
MGM Mirage (MGG)
Park Place Entertainment Corporation (PPE)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 325.20
1-Yr. Sales Growth: 125.1%
Employees: 2,600
Revenue per employee: $125,076.92
KEY PEOPLE |
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Carl C. Icahn
CEO
John P. Saldarelli
CFO
CONTACT INFO |
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100 S. Bedford Rd.
Mount Kisco, NY 10549
US
Phone: 914-242-7700
Fax: 914-242-9282
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