Deutsche Bank takes $4bn gamble on casino - Financial Times

Tuesday, 28 December 2010 11:43 administrator
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The launch party for a spectacular casino on Las Vegas’s celebrated strip would normally be a moment for its proud owners to turn out in numbers. But things might be different when the Cosmopolitan, a 3,000-room hotel and gambling resort, marks its opening this month with a huge New Year’s eve concert.

The owner of the Cosmopolitan is

Deutsche Bank. It is not just that Josef Ackermann, Deutsche’s chief executive, might understandably be wary of presenting photographers with the open goal of snapping one of the world’s best-known investment bankers at the roulette tables. Nor is it about whether the 62-year-old Swiss is into Coldplay or Jay Z, the headline acts.

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