Carl Icahn wants some chips off Las Vegas table, puts up unfinished Fontainebleau casino for sale

Billionaire Carl Icahn wants to get rid of the mothballed Fontainebleau Las Vegas.

The investor told The Wall Street Journal he has hired CBRE Group Inc. to market the 3,889-room casino resort, which sits unfinished at the north end of the Strip.

Icahn bought the property out of bankruptcy in 2010 for an estimated $150 million, and CBRE expects to sell Fontainebleau for about $650 million, according to the report.

The casino resort was already 70 percent complete when it filed for bankruptcy protection in 2009 after its lenders cut off $800 million in funding. At the time, Fontainebleau had a construction budget of $3 billion.