American Real Estate Partners, L.P. - ACP- Profile

American Real Estate Partners, L.P.. The Group is a diversified holding entity engaged in a variety of businesses including Gaming, Real Estate and Home Fashion. The Group operates through three operating segments: Gaming, Rental Real Estate and Home Fashion. It also invests a portion of its available liquidity in debt and equity securities with a view towards enhancing returns. The Group also seek to acquire additional businesses that are distressed or in out-of-favor industries and will consider divestiture of businesses. The Group owns businesses and conduct investment activities through a subsidiary limited partnership, American Real Estate Holdings Limited Partnership, or AREH, and its subsidiaries. On 21-Nov-2006, it sold its indirect wholly-owned subsidiary NEG Oil & Gas LLC or NEG Oil & Gas. On 19-May-2006, the Group acquired Aquarius through its wholly-owned subsidiary AREP Laughlin. Diversified holding company engaged in loration and production, Gaming, Real Estate and Home Fashion