A $35 billion mini-Las Vegas strip planned for Spain


Although I have set my plans for a well-deserved break this year, I have interesting news for the travellers of the future. 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 located 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 travellers from Europe and former Soviet bloc.

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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]

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