the casino themselves instead they will have to hire a professional with a license to run a gaming operation the resort is scheduled to open in 2010 deutsche bank already took a 500million 741 million writeoff on the property in the second quarter of 2009 financing competitors likewise as a result of its other lending projects in the city the bank actually has a hand in financing its competitors for example the owners of the fontainebleau hotel corporation were convinced that the germans wanted to destroy their las vegas development project construction was halted in the summer on the 3800room complex which was 75 percent complete after an 800 million loan of which deutsche bank held a significant portion was withdrawn in may the owners of the fontainebleau sued deutsche bank accusing it of trying to minimize competition with the cosmopolitan it was for this reason they claim that the bank aggressively pushed for other lenders including the crisisshaken german bank hsh nordbank to back out of the deal deutsche bank calls the allegations baseless meanwhile fontainebleau struggling with a possible bankruptcy has withdrawn some of its charges but it hasnt abandoned its lawsuit even without the fontainebleau suit the frankfurtbased bankers are already likely to encounter major problems with their casino the citycenter which is the largest private development project in the united states is being built right near the cosmopolitan designed by a number of famous architects including daniel libeskind helmut jahn and norman foster the citycenter comprises three luxury hotels with a total of 6000 rooms thousands of condominiums dozens of restaurants and a number of gambling facilities the huge development a joint venture of mgm mirage and investors from dubai will cost 8 billion the plan almost imploded in the spring for lack of funds but now the center is slated to open after all next spring to fill the mammoth developments the owners hope to attract more trade fairs and corporate events las vegas is the worlds largest meeting and convention city in 2008 more than 22000 events took place there ranging from largescale affairs such as the international consumer electronics show ces with its 140000 visitors to the annual meeting of the american society of anesthesiologists and then there are thousands of company meetings large and small many of them little more than trips meant to reward deserving employees who after a meeting in the morning can spend the rest of the day gambling and drinking for years such meetings helped sustain the city and that was the case until a new president came on the scene and in a single sentence declared las vegas the countrys most dangerous spot for companies you cant go take a trip to las vegas or go down to the super bowl on the taxpayers dime president barack obama said at a televised town hall meeting in february a short time earlier details had emerged about how wells fargo a major us bank had booked a