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A Vegas in Spain? Adelson, Sands Looking to Make it So

25 February 2011 by admin

The Las Vegas Sands has significant brick and mortar interests in the United States. They then built themselves up in Asia, specifically in Macau, while they wait for Las Vegas to recover in the US recession. But there has always been an interest in creating a Euro-Vegas. Now the Las Vegas Sands and its Chairman, Sheldon Adelson, are eyeing Spain to be the home of a mini Las Vegas style strip.

Of all of the brick and mortar casino companies and corporations, the Las Vegas Sands Corp. is in the best position to move forward and make a Euro-Vegas happen. “Euro-Vegas has been talked about for many years by various gaming interests with no movement to date. Las Vegas Sands is by far the most credible and capable to pursue such a project,” said Union Gaming Group principal Bill Lerner.

To go along with its recognized ability to build the beginnings of a Euro-Vegas, the Las Vegas Sands is on the prowl for a new casino project. The casino corporation just opened a new entertainment feature at their Marina Bay Sands in Singapore, but that is no deterrent for the casino giant. Adelson said that the Las Vegas Sands was eyeing to begin a $20 billion project in either Madrid or Barcelona. “We are seriously looking at dong what we call a ‘Strip,’ which is essentially a mini Las Vegas. We are looking to do that in Europe and we are sort of zeroing in on Spain,” Adelson said.

This comes after reports of Adelson having met with the new Florida governor, Rick Scott. With the state looking at a potential bill to allow large scale, Las Vegas style destination casino resorts and Adelson’s lunch with the governor, rumors started flying that the Las Vegas Sands was going to be one of the lucky casino companies that would get to build a destination casino resort in Florida. However, the bill is only a potential bill and it does not appear that Florida is moving forward in the direction of destination casino resorts…at this time.

Then came word that the Las Vegas Sands and Adelson were eyeing Spain to build a Euro-Vegas. The plans for a Sands project in Spain, according to Adelson, would have 20,000 hotel rooms, retail offerings and convention space; it is predicted that the Las Vegas Sands’ Euro-Vegas project could generate 180,000 jobs. Rather than one huge casino resort, it sounds like the plan would feature several smaller casino resorts to give the feeling of multiple casinos and creating that Vegas Strip feeling.

And finally, “The rain in Spain falls mainly on the plain.” Sorry, could not help myself.

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