The resort reported more than 91 % of room occupancy
Cosmopolitan Las Vegas loses us$ 54.3 million in the second quarter
(US).- The Cosmopolitan of Las Vegas hotel-casino lost us$ 54.3 million during the second quarter as its restaurants and nightlife continued to pull in more revenue than gambling and its hotel rooms.
2011-08-16
Reading time 31 seg
(US).- The Cosmopolitan of Las Vegas hotel-casino lost us$ 54.3 million during the second quarter as its restaurants and nightlife continued to pull in more revenue than gambling and its hotel rooms.
The posh Las Vegas Strip resort owned by Deutsche Bank said in a regulatory filing Monday that it had more than us$ 126 million in revenue, including just over $70 million in revenue from its restaurants and bars. Its 9,290 sqm casino took in about us$ 28 million in revenue.
The Cosmopolitan says it won slightly less than expected given the amount gamblers wagered during the resort's second full quarter. Officials say the casino also plans to open a 15-table high-limit casino area in November.
The resort had nearly us$ 46 million in room revenue with more than 91 % occupancy.
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