Deutsche Bank built and operated a casino in Las Vegas, but now they’ve sold it.
Originally, Deutsche Bank said, they only wanted to finance the construction of the casino. But the construction company ran into difficulties and DeuBa took over the project to complete it. The hotel and gambling complex is said to have originally cost $3.9 billion, and the bank sold it to a real estate fund of a financial investor Blackstone for $1.26 billion. Deutsche Bank emphasized that they didn’t lose much money on the project because their casino earned so well.
(DOY tcha BONK fair COW fft caw SEE no.)