Crown Resorts Ready to Bid for Cosmopolitan Casino in Las Vegas http://www.casino.org/news/crown-resorts-ready-to-bid-for-cosmopolitan-casino-in-las-vegas APRIL 26, 2014 BY KATIE BARLOWE The Cosmopolitan has lost nearly $300 million since opening, but is still considered one of the most valuable properties on the Las Vegas Strip. (Image: Wikimedia Commons) Australian casino mogul James Packer failed once in the American gaming market, but that’s not stopping him from giving the US a second try. According to reports out of Australia, Crown Resorts – the gaming firm owned by Packer – is planning to enter into the fight to take over The Cosmopolitan of Las Vegas. Crown is likely to be just one of several companies that will take a look at purchasing the sprawling casino resort on the Strip. With almost 3,000 hotel rooms, it would give any owner a major stake in America’s biggest gambling hub. Currently, The Cosmopolitan is owned by Deutsche Bank. Packer
