Deutsche Bank moves forward with ailing resort project

11/16/2009 | Bloomberg

The Cosmopolitan Resort & Casino in Las Vegas is an "impending disaster," according to casino magnate Stephen Wynn. The project, owned by Deutsche Bank and situated next door to Wynn's Bellagio, is two years behind schedule and $2 billion over budget. After construction workers hit an aquifer, the project required 24-hour pumps and containment walls.

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