LAS VEGAS
The company that owns the Cosmopolitan of Las Vegas lost $139.5 million last year as the swanky new Las Vegas Strip casino-resort opened its doors in December with A-listers such as rapper Jay-Z and rocker Brandon Flowers.
Nevada Property 1 LLC said in a report filed
The company highlighted the Cosmopolitan's $116.5 million preopening expenses as a "major contributor" to its loss. Those start-up costs included a $42 million marketing campaign.
The $3.9 billion Cosmopolitan opened Dec. 15 and grossed $4.2 million in room rates through the end of the year. The hotel has 2,995 rooms.
The casino made $4.3 million from gambling in the less than three weeks of 2010 that it was open.
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