We have already provided information about the plans of Las Vegas Sands concerning the building of a unique complex in Spain that will become a new gambling and entertainment Mecca in Europe. Now new information has been revealed about this large-scale project.
Sheldon Adelson, CEO of Las Vegas Sands Corp. headquartered in Nevada, told the press the company was ready to spend as many as US$35 billion into this project. The Spanish complex will be located either in Madrid or in Barcelona. This ”mini Las Vegas” will have the size of approximately a half of the Las Vegas Strip and will consist of 12 large resorts, each of which will have around 3,000 guestrooms. No wonder that the resort in Spain will become the main gambling destination in Europe. Las Vegas Sands calls this project “Las Vegas for the European market”.
In his interview to Reuters during the grand opening of a gambling resort Sands Cotai Central in Macau, China, Adelson told the project was scheduled to be completed within 10 years. The businessman has also expressed his hope that the economy of the EU will completely recover during this period. Currently the problems of the Eurozone are no secret to anyone. According to Eurostat, the 27 countries of the EU will have no domestic product growth in 2012. The planned growth for 2013 is 1.5%.