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In exchange for the debt relief, a mortgage unit of Goldman would gain a 22 percent interest in the company.
7 On April 23, 2007, it was announced that acep was being sold for.3 billion to Whitehall Street Real Estate Funds, an investment fund managed by Goldman Sachs.
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Retrieved 17 September 2011.1 References edit a b "American Casino Entertainment wii casino games video Properties LLC"."American Real Estate Partners,.P.8 9 In 2007, Whitehall Street Real Estate Funds, who owned 40 of the Las Vegas Hilton and was a passive investor in other casino properties, made an offer.3 billion for the four properties."New owners take over at Flamingo"."Icahn Boosts Federal-Mogul Stake to 75".Thank you for purchasing tickets for this event!The income of the company had to grow to cover this new financing.The interest on these loans far exceeded the net income of the company in 2007."Stratosphere step closer casino guitar amp to changing ownership".Deli Grill, details 20 Discount for Locals, every Tuesday and Thursday.

"Stratosphere owners tout 20 million makeover".
5 In 2009, net revenue fell to 356 million, its lowest since 2005.
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Las Vegas Review Journal.After acquiring a majority of the bonds, acep gained control of the casino.American Casino Entertainment Properties LLC 2012 Form 10-K Annual Report Finnegan, Amanda.Mohave Valley Daily News.Agrees To Sell Its Nevada Gaming Operations to Whitehall Street Real Estate Funds for.3 Billion" (Press release).The sale closed on May 19, 2006, and the Flamingo Laughlin was renamed the Aquarius Casino Resort in October 2006.1, aCEP was a casino holding company headquartered at the.4 5, the company owned the following 4 casinos: Aquarius, casino, resort, Arizona Charlie's Decatur, Arizona Charlie's Boulder, and, stratosphere Las Vegas.Saturday, November 17th 2018, privacy Policy, terms of Use Spotlight 29, casino, all Rights Reserved.