EuroVegas project at risk for Las Vegas Sands

|About: Las Vegas Sands Corp. (LVS)|By:, SA News Editor

Though Sheldon Adelson's vision to develop a $22B casino complex near Madrid for Las Vegas Sands (LVS -0.9%) always had an air of being a mirage in the desert - now the project is truly at risk.

A harsh anti-smoking law instituted by Madrid's regional government is a potential deal-breaker to Las Vegas Sands, and so far, no plans to amend the law are in place.

LVS investors have had a love-hate relationship with the EuroVegas project, with some likely to cheer a demise of the planned investment.