The former owner of the now defunct /*Sands Casino*/ Hotel is among parties who may offer to buy the /*Tropicana Casino*/ and Resort once it is offered in a bankruptcy auction.
Gilbert Brooks, an attorney representing secured lenders who hold a $1.4 billion mortgage the casino-hotel, says Icahn and others are willing to make an offer as a so-called "stalking horse." That involves making a minimum offer in a bankruptcy court auction that other bidders can then exceed.
If no one else bids, the stalking horse gets the property.
It now looks like a bankruptcy auction will be authorized on March 18.
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