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Australian tycoon could bid for Cosmopolitan • This Week in Gambling
Las Vegas Review Journal – A spokeswoman for Deutsche Bank in New York wouldn’t discuss an Australian press report Monday that the Cosmopolitan of Las Vegas could be sold to a company controlled by billionaire James Packer. Germany’s largest bank, which opened the 3,000-room Cosmopolitan in December 2010 after it foreclosed on the project’s original developer, is reportedly seeking a buyer for the resort. The Cosmopolitan has never turned a quarterly profit. The Brisbane Times reported that Crown Resorts, which is controlled by Packer, was planning to “lodge an expression of interest” for the Cosmopolitan by Tuesday. Bloomberg News recently...
This Week in Gambling