Mar 11, 2014
Madrid Eurovegas Plan Nixed
Posted on Dec 14, 2013
Due to some disagreements between the Spanish government and Las Vegas Sands—you know, basic things such as the U.S. casino operator’s demands for lower gambling taxes and exemption from indoor smoking bans—the project to make a European version of Las Vegas has fallen through. The casino-resort combo was meant to be built in the city of Alcorcón, located in the southwest region of Madrid’s metropolitan area.
According to the BBC:
Standing up for her people, Saenz said, “The government needs to preserve the general interests of all Spaniards,” a choice that ultimately led to the cancellation of the lucrative deal. Some nations, it seems, value their citizens’ well-being over money.
And while it surely comes as a blow to the unemployment-riddled country to lose the 250,000 jobs Eurovegas planned to create, Spain’s tourism industry is alive and well and likely doesn’t need as much of a boost as other sectors of the economy.
In the end, perhaps the world doesn’t actually need another Vegas, though Adelson doesn’t seem to think so. Since the Europe deal fell through, he’s decided to refocus his plans to change the world, one “integrated resort” at a time, on Asia.
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