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Las Vegas Sands (LVS) has chosen Madrid for its multi-billion-dollar hotel and casino...

  • Sunday, September 9, 2012, 5:42 AM ET
    Las Vegas Sands (LVS) has chosen Madrid for its multi-billion-dollar hotel and casino "EuroVegas" project, although it depends on the eurozone debt crisis being resolved. Having received indications that it had lost the bidding for EuroVegas, the bailout-seeking region of Catalonia has approved a €4.8B rival project.
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  •  
    Well this is a plus for Spain. Huge international traffic from Europe and Eastern Europe will occur. Spanish officials should cut labor costs and get this going immediately since they have 25% unemployment.
    How will WYNN follow, probably with a deal in Italy.
    9 Sep 2012, 09:26 AM Reply Like
  •  
    If this casino is a success, every country in Europe will want to
    get into the easy tax money that will be generated from its operation.
    They will think the gambling tax revenue will finance all their socialist
    programs. The tax pie will get so diluted it will hardly make a dent in their spending deficits. This happened in the United States when
    casino gambling became legal in most of the 50 states. Poor Nevada
    is a shell of its self in the gambling industry.
    10 Sep 2012, 03:12 AM Reply Like
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