Las Vegas Style Casino Complex for Spain

Eurovegas casinos project in MadridA huge casino complex based on the Las Vegas strip could be built in Spain if agreement is reached between the Las Vegas Sands Corporation, which is behind the development and the Spanish government. The massive new complex would cover an area of about half the size of the Las Vegas strip and would include over 10 casinos, several large hotels, conference centres, shopping outlets, theatre and entertainment centres and golf courses.The Eurovegas casino complex is a casino resort with an estimated cost of 17 billion euros. The American billionaire Sheldon Adelson and his company the Las Sands Corporation are behind the planned development. His company owns the Venetian and the Palazzo in Las Vegas and also the Venetian Macau on the Cotai strip in Macau. (See article: New Casino Developments in Macau). The Venetian Macau which was opened in 2007 is the world’s largest casino with over 3 400 slot machines and 800 gaming tables. Sheldon Adelson’s casino developments in Singapore and Macau are extremely successful and it is hoped that this type of success will bring both employment and an increase in tourism to which ever region of Spain in which the Eurovegas complex is built.At the moment the two Spanish cities in the running for the location of Eurovegas are Barcelona and Madrid. Both cities want the complex to be built in their region as it is hoped that the casino complex would create about a quarter of a million jobs. With unemployment at 23% in Spain at the moment both cities hope that the location of the Eurovegas casino complex in their area would almost half the local unemployment rate.

Sheldon Adelson, who recently visited Spain again to discuss the project is reported to be seeking a deal on taxes, on the land available, on labour laws and also on some changes to gambling laws from which ever city with which he can reach the most advantageous deal. Leaders in both Barcelona and Madrid are said to be willing to make concessions to encourage the development for their region.

However, not everyone is looking on the construction of such a large casino resort as a positive development. There is opposition to the plan particularly from opposition politicians and church leaders on the grounds that the availability of so many casinos would greatly increase levels of gambling addiction. There is also political opposition to using the development of casinos as part of an economic plan to create employment.

It remains to be seen whether the development of Eurovegas in Spain will be the great success of Sheldon Adelson’s recent casino developments in Macau and Singapore.

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