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Old April 2nd, 2013, 10:31 AM   #81
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Originally Posted by NIEGOLAMAYOR View Post
Hotel con Plazas a diferentes alturas. Alcorcón. Madrid. Las Vegas Sands. Eurovegas.

If they are planning to build this; please in all that is holy install twenty feet tall glass walls so that no idiot would try to jump off of them? XD
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Old April 3rd, 2013, 10:32 PM   #82
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Andelson will be dead before this even sees the light of day.
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Old April 4th, 2013, 02:52 AM   #83
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Originally Posted by circuitfiend View Post
Andelson will be dead before this even sees the light of day.
Or maybe not. He's 79, he could very well reach 85
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Old December 13th, 2013, 11:22 PM   #84
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Bad news

Sheldon Adelson cancels $30bn Eurovegas project in Spain

Last updated: December 13, 2013 5:49 pm

Sheldon Adelson, the US casino mogul, has dropped plans to build a $30bn gambling complex outside Madrid, cancelling one of the largest investment projects in Spain in recent years but also one that attracted public opposition and bitter political controversy from the outset.
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Old December 14th, 2013, 01:08 AM   #85
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Las Vegas Review-Journal

Las Vegas Sands cancels $30 billion EuroVegas development in Spain


Las Vegas Sands Corp. on Friday canceled plans for a $30 billion resort and gaming complex in Madrid, saying the so-called EuroVegas development was no longer in the best interests of the company’s shareholders. In a statement, Las Vegas Sands said it would focus on development opportunities in Asia. The company, which operates The Venetian and Palazzo resorts on the Strip, collects roughly 80 percent of its annual revenues and cash flows from its hotel-casinos in Macau and Singapore.

Las Vegas Sands Chairman Sheldon Adelson said the company’s internal development process dictated the outcome for Spain, which was to include 12 hotels with 36,000 hotel, six casinos, a convention center, golf courses, theaters, shopping malls, bars and restaurants. “That process has been extremely thorough and while the government and many others have worked diligently on this effort, we do not see a path in which the criteria needed to move forward with this large-scale development can be reached,” Adelson said.

The Spanish government viewed the development as an economic development effort that could create more than 260,000 jobs. The project was to be carried out in phases over 10 to 12 years.

In recent months, however, EuroVegas had picked up opposition from various groups, including those not wanting to see the country’s anti-smoking laws reduced in favor of the casinos. “It was becoming more apparent that the Spanish government could not meet all the conditions that Las Vegas Sands had requested, and we would have viewed a decision to go forward without these conditions as a negative,” RBC Capital Markets gaming analyst John Kempf told investors.

Spain’s Deputy Prime Minister Soraya Saenz de Santamaria told The Associated Press that Las Vegas Sands made late demands for legal and financial guarantees that “did not comply with Spanish law or that of the European Union.” She told the wire service the demands included tax benefits, financial compensation in the event of any future law change that could affect the project, and an assurance that new operators would be not be allowed in the sector.

Adelson said he envisioned developing integrated resorts in Europe for the past nine years, but the company’s efforts need to be trained on Asia. “Right now our focus is on encouraging Asian countries, like Japan and Korea, to dramatically enhance their tourism offering through the development of integrated resorts there,” Adelson said.

Macau has been a huge money maker for LVS. Adelson clearly lacks the patience necessary to navigate the process in Europe.
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