Cosmopolitan project continues to move forward

18 March 2008

FRAMINGHAM, Massachusetts -- (PRESS RELEASE) -- Perini Corporation (NYSE: PCR), announces that Deutsche Bank has begun the foreclosure process on the Cosmopolitan Resort and Casino as a parallel track to its negotiations with Global Hyatt Corporation and New York-based Marathon Asset Management. The parties are actively engaged in discussions regarding a recapitalization of the condominium-hotel casino project.

The Cosmopolitan project is being constructed by Perini Building Company, Inc., a wholly owned subsidiary of Perini Corporation, on an 8.5 acre site between MGM Mirage's Bellagio Resort and Casino and the newest MGM project under construction, CityCenter. Deutsche Bank continues to pay Perini for work performed on a monthly basis under a previous agreement. As a result, the Company's work at the Cosmopolitan continues on schedule.


Related Links
Tutor Perini Building Corp. Gaming Vendor Information
The Cosmopolitan of Las Vegas Details

Featured Vendors
Plastic Card ID
TDN Money Systems
Plastic Card ID
The World’s Lowest Prices on Printed Plastic Cards and Card Printers!
TDN Money Systems
Cage, cash/chip handling experts representing CountR, ARCA, AccuCASH, Fujitsu & NCR
Casino Network
Oklahoma Indian Gaming Association (OIGA) Conference
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 9-11, 2022 in Tulsa!
Imagine This
Kallop
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Kallop
Reward every play like a VIP with exclusive luxury brands at affordable prices.
AmericanChecked
Talisman Group Creators of EZ Baccarat
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
Rymax Marketing Services, Inc.
Sunkist Graphics, Inc.
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Casino City Press
Slot Machines Unlimited
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Schedule Ease
Betson Imperial Parts & Service
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
TOP ONE TECH LIMITED
TribalHub
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
TribalHub
23rd Annual TribalNet Conference Sept 12-15, 2022 Grand Sierra Resort & Casino in Reno, NV


Your Guide to 15,511 Gaming Industry Suppliers