Icahn Enterprises (formerly American Real Estate Partners) is a diversified holding company

Holding company

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 based in the General Motors Building

General Motors Building (New York)

The General Motors Building is a 50-story, 705-foot office tower in Manhattan, New York City, facing Fifth Avenue at 59th Street . The building is one of the few structures in Manhattan that occupies a full city block...

 in New York City

New York City

New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

, New York

New York

New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

.

History

The Sands in Atlantic City and some adjacent property, was sold in November 2006 for $274.8 million to Pinnacle Entertainment

Pinnacle Entertainment

Pinnacle Entertainment Inc. is a gaming and hospitality company based in the Las Vegas Valley, Nevada that was created in 1938. It owns and operates casinos in the United States and Argentina.- Company names over time :...

.

On April 23, 2007 it was announced that American Casino & Entertainment Properties

American Casino & Entertainment Properties

American Casino & Entertainment Properties is a casino holding company headquartered at the Stratosphere Las Vegas. ACEP was a wholly owned subsidiary of American Real Estate Partners before it was sold to Whitehall Street Real Estate Funds in February 2008...

 was being sold to Whitehall Street Real Estate Funds an affiliate of Goldman Sachs

Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...

 for $1.3 billion. The sale is subject to approval of the Nevada Gaming Commission

Nevada Gaming Commission

The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. It was founded in 1959 by the Nevada Legislature....

 and the Nevada State Gaming Control Board.

On September 17, 2007, American Real Estate Partners changed its name to Icahn Enterprises L.P. and its NYSE ticker symbol from ACP to IEP.

Subsidiaries and interests

• American Railcar Industries
• Bayswater Development
  • Grand Harbor, Vero Beach, Florida
    Vero Beach, Florida
    Vero Beach is a city in Indian River County, Florida, USA. According to the U.S. Census Bureau's 2006 estimates, the city had a population of 16,939. It is the county seat of Indian River County...
    
    
  • New Seabury
    New Seabury, Massachusetts
    New Seabury is a census-designated place in the town of Mashpee in Barnstable County, Massachusetts, United States, on Cape Cod. This area consists primarily of summer homes for wealthy families. Several attractions include two world renowned country clubs, Popponesset Beach, Popponesset...
    
     Properties
• Federal-Mogul
  Federal-Mogul
  Federal-Mogul Corporation is a global automotive supplier based in Southfield, Michigan, USA. It is one of the leading engine-parts suppliers in the United States, including engine bearings, pistons, piston pins, piston rings, cylinder liners, valve seats and guides, transmission products and...
  
  
• PSC Metals
• Viskase
  Viskase
  Viskase is a global corporation based out of Darien, Illinois, USA that supplies plastic, cellulose, and fibrous film and packaging to the food service industry, including casings for processed meats such as hot dogs and sausages...
  
  
• WestPoint Home
  WestPoint Home
  WestPoint Home is a conglomerate corporation that dates back over 200 years through the companies that have merged together. Beginning with J.P. Stevens & Co., Inc...
  
  
• Fontainebleau Resort Las Vegas
  Fontainebleau Resort Las Vegas
  Fontainebleau Las Vegas is a US$2.9 billion, 3,889-room, 68-story hotel/condo-hotel/casino development under construction near the north end of the Las Vegas Strip on the site previously occupied by the El Rancho and Algiers hotels in Las Vegas, Nevada...