We noticed that you're using an unsupported browser. The TripAdvisor website may not display properly.We support the following browsers:
Windows: Internet Explorer, Mozilla Firefox, Google Chrome. Mac: Safari.

Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

New York City, New...
Level Contributor
795 posts
14 reviews
Save Topic
Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

bloomberg.com/news/2014-04-16/deutsche-bank-…

Well who on here wants to buy a casino?

Kenosha, WI
Level Contributor
12,116 posts
16 reviews
Save Reply
1. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

Maybe I will put in a bid after I win the Lion's Share this weekend.

Malibu
Level Contributor
11,713 posts
2 reviews
Save Reply
2. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

"who on here wants to buy a casino?" Well, that is the problem. The Cosmo casino side is way underperforming. It's improved but still way off of what that place needs to pencil out.

Mission, Texas
Level Contributor
197 posts
Save Reply
3. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

I'd bet my hard earned money that MGM int. will end up buying the property! Makes a perfect business model.

philly
Level Contributor
1,787 posts
11 reviews
Save Reply
4. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

I wonder what it'd take for the LV casinos to start making money again. Because it definitely isn't thousands of ppl going everyday and spending tons of money.

No, that doesn't seem to be working.

Calgary, Canada
Level Contributor
1,558 posts
35 reviews
Save Reply
5. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

Interesting.. I have never gambled more then 5 mins inside the Cosmo but it is a beautiful casino. I just cant sit in it for long.. I don't know maybe its the layout of the casino that drives me away .

Croydon, United...
Level Contributor
326 posts
5 reviews
Save Reply
6. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

Totally agree with the previous comment. Great looking building etc but I'd never gamble there. Can't put my finger on why, it's just not for me.

San Diego...
Level Contributor
1,009 posts
23 reviews
Save Reply
7. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

The Cosmo is already between Bellagio and CityCenter, all MGM properties. It is much more likely that MGM buys it than CET. They should have a 50% off sale haha, maybe that'll get it going.

Irving, Texas
Level Contributor
655 posts
Save Reply
8. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

Cosmo sent out 2 free nights to basically anyone that walked through there before, they wanted more gambling, the DB factor(clubgoers) aren't bring in the money they need to operate that hotel. I predicted it and was right. Thank me later

Michigan
Level Contributor
7,382 posts
8 reviews
Save Reply
9. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

Neither MGM or CET is in any position to buy the Cosmo thank god.

San Diego...
Level Contributor
1,009 posts
23 reviews
Save Reply
10. Re: Deutsche Bank Said to Seek Sale of Cosmopolitan Las Vegas

The problem is, yes they offered two nights to people who were already there but who knows when these people could go back to Vegas, it could be years because you still need money for food, airfare, gambling, etc. Just offer two nights for free when you book 1 (not inflated) night. No blackout dates.

So this is why they are offering two "comped" tickets for inflated rates, that's not gonna work either. A huge discount would work much better than two "free" tickets.