Barcelona and Madrid Jockeying for Eurovegas Complex
by Michael J. ShapiroMarch 28, 2012
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Las Vegas Sands will determine in April or May whether it will build a casino resort complex in Madrid or Barcelona, said company president Sheldon Adelson in an interview published this week in Spain. The mega-development, known as "Eurovegas," will include six casinos, 12 hotels, nine theaters and three golf courses. According to wire reports, the project will create more than 200,000 jobs; it has the support of government officials in both cities, which are struggling with the country's economic crisis and astronomical unemployment rate. The first phase of construction reportedly would consist of 12,000 hotel rooms, and the entire project would require approximately 10 years to complete.