Even though the Cosmopolitan is estimated to be worth $3.9 billion, when it opened in December 15, this current loss will certainly be felt by the company. The marketing campaign alone had cost the company a massive $42 million. If you are wondering what might have caused the hefty loss, the company has explained that the $116.5 million preopening expenses has been a major contributor for the loss. In a report filed on Wednesday, Nevada Property 1 LLC reported that they suffered loss in the year of 2010 even though they managed a profit of $28.6 million in the year 2009. The past year has been one that the owners of the Cosmopolitan would never forget as they incurred a loss of $139.5 million.Įven though the hip casino opened its doors to the public with some happening A-listers like rapper Jay-Z and rocker Brandon Flowers the magic did not work out in the revenue department. My feeling when I got to know about the news about the Cosmopolitan Were thankful that you were not in the eye of the storm? Well that was Have you ever been in a situation that made you feel that you New Casinos In Vegas Vegas Cosmopolitan Hotel Loses 140M in 1st Year
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