Last week The Cosmopolitan of Las Vegas reported earnings for the first quarter of this year. It looks like more of the same. There’s more eating, more drinking, more sleeping and still little gaming.
TheCosmopolitan lost $23.4 million in this year’s first quarter vs. a loss of $56.8 million in the first quarter of 2011, when the newly owned property was in its ramp-up stage…
…Casino revenue at the Cosmopolitan continued to show weakness in the first quarter, coming in at $30.8 million, down from $31 million in the year-ago quarter…
… food and beverage revenue jumped from $57.6 million to $71.8 million and room revenue soared from $34.4 million to $59 million.
Things really are picking up for t
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