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Possible Sale of The Cosmopolitan Could Be Billion Dollar Winning Bet for Blackstone Group

Arguably, the number of tourists visiting Las Vegas has edged down from the approximately 43 million seen in 2016 to about 42 million last year. Also, the Cosmopolitan has been plagued by labor disputes with the Culinary Workers Union Local 226 with employees picketing in front of the hotel in 2013 because then-owner Deutsche Bank and the union could not reach a settlement in stalled negotiations.

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