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

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.
Comments (3)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    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
    , contributor
    Comment (1) | Send Message
     
    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
    , contributor
    Comment (1) | Send Message
     
    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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