Cosmopolitan receives notice of loan default

17 January 2008

RAMINGHAM, Massachusetts -- (PRESS RELEASE) -- Perini Corporation (NYSE: PCR), a leading building and civil construction company confirmed that Deutsche Bank, on Wednesday, January 16, 2008 delivered a notice of loan default to the developer of the Cosmopolitan Resort and Casino project under construction in Las Vegas, Nevada.

Perini Building Company, Inc., a wholly-owned subsidiary of Perini Corporation, is the general contractor for the project which is scheduled for completion in December of 2009. Currently, Perini is in discussions with the developer and lender to facilitate an orderly continuation of construction of the project. Pending the outcome of these discussions, the Company is unable to determine the financial impact, if any, at this time. At this time, construction work continues and all current amounts due to Perini have been paid pursuant to the terms of the construction contract. As of December 31, 2007, work remaining to be performed under the construction contract totaled approximately $1.4 billion.


Related Links
The Cosmopolitan of Las Vegas Details

Featured Vendors
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
RSA Executive Search
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Breathe easier during COVID-19. We can help you reopen smokefree for everyone’s health.
RSA Executive Search
A Boutique Search firm specializing in the Recruitment of Hospitality and Gaming Entrepreneurs
Bar Maid Corporation
Slot-Tickets Worldwide
Bar Maid Corporation
Clean and dry thousands of chips, dice and tiles per hour with the high-speed CHIP CHAMPION machine!
Slot-Tickets Worldwide
Slot-Tickets® Worldwide, The Original and Still the Best.
Casino Schedule Ease
Rymax Marketing Services, Inc.
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Sunkist Graphics, Inc.
Gaming Tickets, Inc.
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Castle Merchandising Inc
Casino Essentials
Castle Merchandising Inc
Brand Name Products for your Player Rewards and Loyalty Programs
Casino Essentials
The Ultimate Online Training Platform for the Casino Industry
Betson Imperial Parts & Service
Elite Gaming USA
Betson Imperial Parts & Service
You one stop shop for all your gaming and OEM needs!
Elite Gaming USA
Provides a diverse inventory of refurbished gaming equipment and supplies from top manufacturers
Slot Machines Unlimited
TribalHub
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX


Your Guide to 15,754 Gaming Industry Suppliers