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Las Vegas Sands Corp. CEO Sheldon Adelson announced that the company is looking to build a "Euro-Vegas" in Spain on Thursday. He revealed a €15 billion (approx. $20.3 billion) plan for a massive strip-style casino resort in Madrid or Barcelona. Sands is in talks with officials from both cities about the project which could create as many as 180,000 jobs.
"I want to do a mini-Las Vegas in Europe," Adelson said during the announcement. "I hope we can use the name Europe Vegas or Euro-Vegas...We're very seriously considering this, we're very actively pursuing this. There's no reason why we can't do it."
Las Vegas Sands Corp. already runs many resorts around the world. They recently invested close to $6 billion to build the Marina Bay Sands casino resort in Singapore, which opened last year, and they own the Sands Macau and the Venetian Macau along with the Sands Casino Resort Bethlehem in Pennsylvania and the Venetian and the Palazzo in Las Vegas.
Adelson said that he plans to meet with contractors sometime in the next two weeks and that he is already assembling a team of architects and builders that would construct several resorts at once. He said all that they are waiting on at this point is concessions from the Spanish government for land and guarantees that building plans would quickly be approved. With any luck the company should be able to begin construction sometime in the next two years.
As always, stay tuned to Casinofan for more news and updates.
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