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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION,
WASHINGTON, D.C. 20549
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SCHEDULE 13E-3/A
RULE 13e-3 TRANSACTION STATEMENT
(PURSUANT TO SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934)
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GB HOLDINGS, INC.
(Name of the Issuer)
GB HOLDINGS, INC.
GB PROPERTY FUNDING CORP.
GREATE BAY HOTEL AND CASINO, INC.
ATLANTIC COAST ENTERTAINMENT HOLDINGS, INC.
ACE GAMING, LLC
CYPRUS, LLC
BARBERRY CORP.
STARFIRE HOLDING CORPORATION
AMERICAN REAL ESTATE HOLDINGS LIMITED PARTNERSHIP
AMERICAN REAL ESTATE PARTNERS L.P.
AMERICAN PROPERTY INVESTORS, INC.
BECKTON CORP.
CARL C. ICAHN
(Name of Person(s) Filing Statement)
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COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
36150A109
(CUSIP Number of Class of Securities)
GB HOLDINGS, INC.
C/O SANDS HOTEL & CASINO
INDIANA AVENUE & BRIGHTON PARK
ATLANTIC CITY, NEW JERSEY 08401
TELEPHONE: (609) 441-4000
and
ATLANTIC COAST ENTERTAINMENT HOLDINGS, INC.
C/O SANDS HOTEL & CASINO
INDIANA AVENUE & BRIGHTON PARK
ATLANTIC CITY, NEW JERSEY 08401
TELEPHONE: (609) 441-4000
(Name, Address and Telephone Numbers of Persons Authorized to Receive Notices
and Communications on Behalf of Person (s) Filing Statement)
DOUGLAS S. NIETHOLD
C/O SANDS HOTEL & CASINO
INDIANA AVENUE & BRIGHTON PARK
ATLANTIC CITY, NEW JERSEY 08401
TELEPHONE: (609) 441-4633
with copies to:
JOEL A. YUNIS, ESQ.
WAYNE A. WALD, ESQ.
KATTEN MUCHIN ZAVIS ROSENMAN
575 MADISON AVENUE
NEW YORK, NEW YORK 10022
TELEPHONE: (212) 940-8800
This statement is filed in connection with (check the appropriate box):
a. [X] The filing of solicitation materials or an information statement
subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under
the Securities Exchange Act of 1934.
b. [X] The filing of a registration statement under the Securities Act
of 1933.
c. [_] A tender offer.
d. [_] None of the above.
Check the following box if the soliciting materials or information statement
referred to in checking box (a) are preliminary copies: [X]
Check the following box if the filing is a final amendment reporting the results
of the transaction: [_]
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SECTION 13E-3 TRANSACTION STATEMENT
ITEM 15. ADDITIONAL INFORMATION
Due to a malfunction during the edgarizing process with respect to the
13E-3/A filed on May 28, 2004, Exhibit (c)(4) is attached hereto.
ITEM 16. EXHIBITS
(a) Preliminary Proxy Statement and Registration Statement of
Atlantic Coast Entertainment Holdings, Inc. on Form S-4/A,
Registration Number 333-110484, filed with the SEC on May
27, 2004 ("S-4"), is incorporated herein by reference.
(b) Not applicable.
(c)(1) 2003 Financial projections prepared by GB Holdings and
provided to Libra Securities (incorporated herein by
reference to Annex J to the S-4).
(c)(2) Opinion of Libra Securities, dated July 14, 2003
(incorporated herein by reference to Annex I to the S-4).
(c)(3)** Materials presented by Libra Securities to the Board of
Directors of GB Holdings on July 14, 2003.
(c)(4) Valuation Estimate presented by Libra Securities to GB
Holdings on November 7, 2003.
(d) Not applicable.
(f) Not applicable.
(g) Not applicable.
SIGNATURES
After due inquiry and to the best of their knowledge and belief, each
of the undersigned does certify that the information set forth in this statement
is true, complete and correct.
/s/ Carl C. Icahn
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Carl C. Icahn, Individually
GB HOLDINGS, INC.
By: /s/ Richard P. Brown
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Name: Richard P. Brown
Title: Chief Executive Officer
GB PROPERTY FUNDING CORP.
By: /s/ Richard P. Brown
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Name: Richard P. Brown
Title: Chief Executive Officer
GREATE BAY HOTEL AND CASINO, INC.
By: /s/ Richard P. Brown
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Name: Richard P. Brown
Title: Chief Executive Officer
ATLANTIC COAST ENTERTAINMENT HOLDINGS, INC.
By: /s/ Richard P. Brown
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Name: Richard P. Brown
Title: Chief Executive Officer
ACE GAMING, LLC
By: /s/ Richard P. Brown
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Name: Richard P. Brown
Title: Chief Executive Officer
CYPRUS, LLC
By: BARBERRY CORP.
Title: Managing Member
By: /s/ Edward E. Mattner
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Name: Edward E. Mattner
Title: Authorized Signatory
STARFIRE HOLDING CORPORATION
By: /s/ Robert J. Mitchell
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Name: Robert J. Mitchell
Title: Authorized Signatory
BARBERRY CORP.
By: /s/ Edward E. Mattner
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Name: Edward E. Mattner
Title: Authorized Signatory
AMERICAN REAL ESTATE HOLDINGS LIMITED PARTNERSHIP
By: American Property Investors, Inc., its
general partner
By: /s/ Keith Meister
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Name: Keith Meister
Title: President and Chief Executive Officer
AMERICAN REAL ESTATE PARTNERS L.P.
By: American Property Investors, Inc., its
general partner
By: /s/ Keith Meister
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Name: Keith Meister
Title: President and Chief Executive Officer
AMERICAN PROPERTY INVESTORS, INC.
By: /s/ Keith Meister
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Name: Martin Hirsch
Title: President and Chief Executive Officer
BECKTON CORP.
By: /s/ Edward E. Mattner
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Name: Edward E. Mattner
Title: Authorized Signatory