The Las Vegas Sands Corp. selected Madrid, Spain, as the preferred location for its integrated gaming resort development. Both Madrid and Barcelona were contenders for the project, commonly referred to as "EuroVegas." The next phase of the plan, according to Sands, will be to determine the size, scope, specific location and financing options from capital markets. How Europe's current economic troubles are handled will be part of the consideration, according to a company statement. Sands also will focus on a variety of other development opportunities, specifically in Japan, Korea and Vietnam, according to chairman and CEO Sheldon Adelson.