Deutsche Bank Seeking To Exit Casino Business… In Las Vegas – ValueWalk Premium
Deutsche Bank
17Apr

Deutsche Bank Seeking To Exit Casino Business… In Las Vegas

A large bank is trying to sell its ownership in a casino.  No, not Goldman Sachs trying to shed its ownership of Sigma X, the bank’s dark pool exchange for stock trading.  Deutsche Bank AG (USA) (NYSE:DB) is trying to sell the Cosmopolitan of Las Vegas for $2 billion, according to a report in Bloomberg News, citing unnamed sources.

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Author

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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