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
Concept 3, LLC
Regulatory Management Counselors, PC
Concept 3, LLC
Custom Creations, Unmatched Value – Elevating Brands with Quality & Savings Since 2004
Regulatory Management Counselors, PC
Over 45 years of experience serving the legal and regulatory needs of casino industry clients
Oklahoma Indian Gaming Association (OIGA) Conference
Slot Machines Unlimited
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: July 14-16, 2025 Oklahoma City
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Sunkist Graphics, Inc.
Casino Network
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Betson Imperial Parts & Service
Pit Boss Solutions LLC
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Pit Boss Solutions LLC
Table Games Pencil: Build, manage, and automate table rotations with ease.
Imagine This
Texas Slots & Gaming
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Texas Slots & Gaming
Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.
Prezzee
Rymax Marketing Services, Inc.
Prezzee
Prezzee provides digital gift cards from top brands to reward loyal guests and employees.
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Innovative Configuration Int.
TribalHub
Innovative Configuration Int.
I-Games Anywhere-Anytime - Win Product-Service-Activity-Attraction Discounts at Favorite Casinos.
TribalHub
26th Annual TribalNet Conference Sept 15-18, 2025 at Grand Sierra Resort and Casino in Reno, Nevada
Casino Schedule Ease
Global Gaming Expo (G2E)
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Casino City Press
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.


Your Guide to 15,019 Gaming Industry Suppliers