The Financial Times has reported that embattled European bank Deutsche Bank is preparing to cash-in on its 17% stake in Nevada casino operator Red Rock Resorts (formerly known as Station Casinos). Deutsche governance are reported to be seeking a $440 million sale price for its stake in Red Rock a company it invested in 2011 as the operator looked to …
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Deutsche Bank Las Vegas casino investment challenged over LIBOR charges
Deutsche Bank AB’s 25% stake in Station Casinos a Las Vegas gambling operator, has been asked to be reviewed by Nevada’s gambling authorities, following the bank’s involvement in the London Interbank Offered Rate (LIBOR) scandal. The review has been put forward by Las Vegas labour unions’ Culinary Workers Union Local 226 and Bartenders Union Local 165, who have questioned the …
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