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Has Blackstone Group taken over day to day operations of The Cosmopolitan?

Discussion in 'Casino Industry & Development' started by JWBlue, Jun 26, 2014.

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  1. JWBlue

    JWBlue VIP Whale

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    The deal was announced over a month ago.

    If not, when will they?

    Is the casino being run by the same management as before the sale?
     
    Last edited: Jun 27, 2014
  2. VegasDave

    VegasDave Addicted

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    This is a very good question. I looked at their financials after their name was brought up as being the new owners and it looks like Cosmo only makes up a small portion of their holdings. However, they did get a great deal on it so I invested in the company, also providing a >4% dividend. They are still buying and in healthy shape!
     
  3. C0usineddie

    C0usineddie VIP Whale

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    My company was bought out by another huge company. Didnt hear a peep from the parent company for about 4 years when we started getting things with the new letterhead on them. Soon as that started it was fast but up until then. nothing.
     
  4. paperposter

    paperposter VIP Whale

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    they need to be aproved by the gaming comishion, i think around 6 months or so
     
  5. natedog666

    natedog666 17 and 20 Expert

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    I heard from my host that they are still in escrow until end of year or something like that....but foresee no hiccups...
     
  6. meyers67

    meyers67 High-Roller

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    After that, the sale has to be completed before you see a peep out of new ownership
     
  7. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    My host told me the same thing
     
  8. JWBlue

    JWBlue VIP Whale

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    Is the casino under the same management as before the sale?
     
  9. paperposter

    paperposter VIP Whale

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    yup a shitty one
     
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