Tags: casino | sale | DeutscheBank | The Cosmopolitan

Deutsche Bank Sells Las Vegas Casino The Cosmopolitan

Thursday, 15 May 2014 11:30 AM

Deutsche Bank, Germany's biggest lender, said Thursday it has agreed to sell The Cosmopolitan casino in Las Vegas to private equity group Blackstone for $1.73 billion.

The sale of the vast resort complex comprising gaming halls and a hotel is part of the German group's strategy of focusing on its core banking business, Deutsche Bank said in a statement.

The purchase price is to be paid in cash and the transaction is subject to regulatory approvals, the statement said.

© AFP 2017

   
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Deutsche Bank, Germany's biggest lender, said Thursday it has agreed to sell The Cosmopolitan casino in Las Vegas to private equity group Blackstone for $1.73 billion.
casino, sale, DeutscheBank, The Cosmopolitan
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2014-30-15
Thursday, 15 May 2014 11:30 AM
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