The newest resort on the Vegas Strip opens its doors Wednesday amid high hopes.
The nearly four-billion dollar Cosmopolitan of Las Vegas will feature close to three-thousand rooms, restaurants, night clubs and other luxury amenities. But analysts tell the “Review-Journal” the Cosmopolitan will have to generate cash quickly for its owner, Deutsche Bank, which acquired the project after it went into foreclosure two years ago. Observers also say the Cosmopolitan will start without a built-in base of loyal gamblers, unlike such rivals as MGM Resorts International and Caesars Entertainment. But the resort does have a database sharing agreement with Marriott International that could bring loyal Marriott customers to the Cosmopolitan. Rivals hope the new resort and its twin 50-story towers will generate new business on the Strip without taking their customers away.
KXNT Morning News spoke to 8 News Now Reporter Calvert Collins to learn more about the new resort.