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While Las Vegas Sands (LVS +1.7%) keeps raking in money from its Macau resorts, it's the planned...

Tuesday, May 1, 2012, 1:07 PM ET
While Las Vegas Sands (LVS +1.7%) keeps raking in money from its Macau resorts, it's the planned mini-Las Vegas in Spain that could really pay off in the long-term despite the hefty $35B price tag for the project. With Spain's economy tanking, the company is in perfect position to leverage costs lower for a complex that would be roughly half the size of the Vegas Strip and stand a chance of anchoring the continent's scattered gambling population.

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This news story has 3 comments:

youngman442002 Comments (4982)

And what is sad is that it will probably be successful....people out of work..living on the dole...will spend it gambling....

1 May 2012, 01:17 PM Reply Like

dylanella Comment (1)

You cannot spend what you do not have. Your philosophy of glass half empty means they may as well crawl in a hole and wait for a miracle. Positive attitude and thinking create great things and improve the opportunities of the ambitious.

1 May 2012, 02:25 PM Reply Like

mknamm Comment (1)

This can only help the Spanish population. Thousands of construction jobs, thousands of jobs in the hospitality industry, and thousands upon thousands of jobs that support those industries. A win-win situation.

1 May 2012, 03:03 PM Reply Like

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