>Make way for the Cosmopolitan Hotel and Casino

Share Button

>

Even before The Cosmopolitan of Las Vegas opens Wednesday, gaming industry analysts are saying that to succeed financially the hotel-casino will have to offer something different from what is found at other properties along the Strip.

The Cosmopolitan also needs to generate income for Deutsche Bank AG, which acquired the property out of foreclosure in 2008 and spent $3.9 billion to complete the 2,995-room hotel-casino.

“It’s important for them to maximize the property’s long-term financial potential, no question,” said Edward King, managing director of Morgan Stanley’s investment banking division.

Read More:

About the Author