Although I have set my plans for a well-deserved break this year, I have interesting news for future travelers. Hot on the wheels of China’s underground resort, is the news of a mini-Las Vegas strip coming up in Spain. Sheldon Adelson, chairman and CEO of Las Vegas Sands Corp has announced his plans to spend $35 billion on a mini-Las Vegas strip in Spain, either in Barcelona or Madrid. Speaking at a press conference ahead of the opening of his new $4 billion casino property in Macau, the world’s largest casino destination, he stated,”We are looking at 12 integrated resorts, 3,000 rooms each. A mini Las Vegas, about half the size of the Las Vegas strip in Spain for the European market.” Each building is estimated to cost between $2.5 – $3 billion and intended to lure travelers from Europe and the former Soviet bloc.
It is reported that some time back, Las Vegas Sands was speculating about an investment of almost 15 billion Euros ($20 billion) over a period of 10 years in a casino complex in Spain that would include 36,000 hotel beds 18,000 slot machines, and three golf courses. While currently under its $31 billion Macau unit, Sands China Ltd, the group already has two casinos open in the former Portuguese colony.
[MSN]
