Deutsche Bank’s Casino Investment Challenged Over Libor

But the owner of the most expensive casino ever built in this hedonistic city, Deutsche Bank, is not announcing its arrival in lights. Even before that casino, the Cosmopolitan of Las Vegas, opened in December, the German financial company was planning its exit strategy from a $4 billion investment that could take years, if not decades, to recoup. “There has to be pressure on Frankfurt to do Deutsche Bank AG is facing a union challenge to a casino investment as a result of its involvement in the London Interbank Offered Rate manipulation scandal. LAS VEGAS (AP) — Deutsche Bank is cutting itself free of The Cosmopolitan of Las Vegas resort and casino, saying it's selling the swanky but unprofitable high-rise complex on the Strip to Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of 888 (OTCMKTS:EIHDF) in a research report report published on Thursday, The Fly reports. Separately, JPMorgan Chase & Co. reissued an overweight rating on shares of 888 in a research report on Thursday, October 1st. 888 stock opened at $3.75 on Thursday. The company’s 50 day […] Deutsche Bank’s exposure to “casino banking” in Las Vegas has reached $4.9bn, rivalling its exposure to countries affected by the eurozone debt crisis, reported the FT. Deutsche Bank has sold the lossmaking Cosmopolitan of Las Vegas casino and resort to private equity giant Blackstone for $1.7bn (£1bn) in cash. Deutsche Bank (DE: DBKGn) analyst Carlo Santarelli maintained a Sell rating on Penn National Gaming (NASDAQ: PENN) on Tuesday, setting a price target of $31, which is approximately 60.76% below

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