The Cosmopolitan of Las Vegas News - Page 21

Cosmopolitan adding 2000 new rooms to Las Vegas in December and likely additional pressure on Vegas casinos.

The gaming equipment maker will provide a server-based gaming system to the under-construction Cosmopolitan of Las Vegas.

The new Las Vegas resort has 10 stories of hotel rooms above the 40th floor and is set to open in phases this year and next.

The Cosmopolitan development, a 2,995-room mixed-use development that is under construction on the Strip, is now called Cosmopolitan of Las Vegas.

An affiliate of the major bank filed for a casino license as the 100 percent owner of the Cosmopolitan.

Construction has stopped on a portion of the Cosmopolitan's west tower while some floors are redesigned.

No one saw Michael Taylor fall to his death at the Cosmopolitan construction site nearly a year ago.

Workers erecting the CityCenter and Cosmopolitan projects on the Strip are being injured at rates nearly twice the national average for the construction industry.

Letters expected to go out on Monday to contract holders.

After months of speculation, the pieces are starting to fall into place for the financially troubled Cosmopolitan project on the Strip.

The Cosmopolitan has become an unwitting symbol of the region’s economic downturn since the resort’s primary lender, Deutsche Bank, started foreclosure proceedings in January.

First it lost its financing. Now the Cosmopolitan project could lose its name.

Cosmopolitan Chief Operating Officer Scott Butera, a former investment banker specializing in reorganizing financially troubled companies, has left the troubled Strip project to take over as president of Tropicana Entertainment.

Two multibillion-dollar Strip developments less than two miles apart could become victims of the tightening credit markets and rising construction costs.

Perini Corporation reports that Deutsche Bank has begun the foreclosure process on the Cosmopolitan Resort and Casino as a parallel track to its negotiations with Global Hyatt Corporation and New York-based Marathon Asset Management.

A hotel company and an investment firm have reached an agreement to save New York developer Bruce Eichner's financially troubled $3 billion Cosmopolitan from default, an official with the Strip project said Wednesday.

Construction of the $3 billion Cosmopolitan project on the Strip will continue toward a December 2009 opening while the owner and the banks work on new financing for the project.

Perini Building Company, Inc, a wholly owned subsidiary of Perini Corporation, has in place an interim commitment with Deutsche Bank.

The tightening lending market is jeopardizing the ownership of the Cosmopolitan, a multibillion-dollar hotel-condominium development under construction on the Strip.

The Deutsche Bank has delivered a notice of loan default to the developer of the Cosmopolitan Resort and Casino project under construction in Las Vegas, Nevada.