In late August Icahn sold the unfinished Fontainebleau Las Vegas to New Valley LLC for $600 million, with the sale netting Icahn a $450 million profit. That was a much better deal for Icahn than was his post-closure sale of Trump Taj Mahal, a property he had previously helped out of bankruptcy in early 2016 when he made Trump Entertainment Resorts a subsidiary of Icahn Enterprises, thereby assuming the last 10 percent ownership of the property from Icahn's friend President Donald Trump.