The resort said that it had $126.6 million in net revenue during its third full quarter of operations since it opened December 15. About half of this amount came from its restaurants, bars and lounges and only 16% came from gambling. The resort also made $49.3 million in room revenue and $6.8 million in entertainment, retail and other revenue.
The upscale resort cost owner Deutsche Bank $3.9 billion to build and the property didn’t win as much money as expected from gamblers. Its hold percentage for table games during the first nine months of the year was 9.4%, well below the 12 to 15% it had expected.
“The volume of table games play has remained fairly consistent over the nine months and our focus continues to be on supplementing the level of table games play at the property,” said one official in a financial report.
The Cosmopolitan plans to open a new high-limit area with 15 tables this month, which should help the company’s earnings during the first half next year.