In first year open
Cosmopolitan Las Vegas loses US$ 140 million
(US).- The company that owns the Cosmopolitan of Las Vegas lost US$ 139.5 million last year as the swanky new Las Vegas Strip casino-resort opened its doors in December.
2011-04-04
Reading time 23 seg
Nevada Property 1 said in a report that it posted a loss in 2010 after finishing 2009 with an US$ 28.6 million profit.
The company highlighted the Cosmopolitan's US$ 116.5 million preopening expenses as a "major contributor" to its loss. Those start-up costs included a US$42 million marketing campaign.
The US$ 3.9 billion Cosmopolitan opened December 15 and grossed US$ 4.2 million in room rates through the end of the year. The hotel has 2,995 rooms.
The casino made US$ 4.3 million from gambling in the less than three weeks of 2010 that it was open.
Leave your comment
RELATED NEWS
Project includes gaming, hospitality facilities
Wilton Rancheria breaks ground on Sky River hotel resort development
As Russia weighs online gambling
Putin approves creation of Russia's sixth gambling zone in the Altai region
Representing a 3.5% monthly increase
AGEM Index rises 51.64 points in April despite annual decline
COMPANIES
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Net revenue rises 1.9% to $507.3 million
Red Rock Resorts posts record quarterly revenue, flags construction impact
Also participatedin SBC Summit Malta
CT Interactive expands portfolio, boosts Bulgaria presence in April
NYCE Marketplace
Vor Turbo shares product overview
Sportsbook integration: Deploying betting widgets at scale
Partnership expansion
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Also authorised in New Jersey, Michigan
Flows secures Pennsylvania Gaming Control Board authorisation
Upcoming Philippines casino resort
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
