• Blackstone makes USD1.75bn Vegas buy

Blackstone Group is reported to have acquired The Cosmopolitan casino complex in Las Vegas from Deutsche Bank for USD1.75bn.

Deutsche Bank is currently selling its non-core assets and looking to raise capital. The bank took over as owner of the hotel in 2008 after the downturn forced a foreclosure on the original developer.

Read the full story here: http://www.reuters.com/article/2014/05/15/deutsche-bank-casino-idUSWEB00NCQ20140515

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