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ATLANTIC CITY, N.J. — New Jersey regulators on Wednesday authorized what could be an 80 percent-off sale for one of Atlantic City’s largest casinos, permitting the Tropicana Casino and Resort to be sold in a bankruptcy court auction.
A group including billionaire investor Carl Icahn — who once owned the local Sands Casino Hotel — has emerged as the leader to buy the Tropicana with an offer of $200 million.
