Thursday, 15 May 2014

Deutsche Bank sells lossmaking Cosmopolitan casino for $1.7bn



Deutsche Bank has sold the lossmaking Cosmopolitan of Las Vegas casino and resort to private equity giant Blackstone for $1.7bn (£1bn) in cash. The Cosmopolitan, a two-tower complex located on the Las Vegas Strip, cost more than $4bn to build but has not made a profit since it opened in 2010. via Pocket http://ift.tt/1jkcYo1

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