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Money Is No Object Until You Run Out Of It
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The Cosmopolitan hotel and casino is a huge success in Las Vegas, the hottest spot on the Strip, trendy and packed with tourists and locals alike. One small caveat: It's losing a lot of money. They spent billions to make this thing go, and they may never make it back. That makes me wonder how a project like this runs off the rails; You have to assume that SOMEONE looked at the numbers early in the process and realized that it could never work, but nobody stopped it from happening. (Las Vegas Sun's Vegas Inc.)
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