Failed EuroVegas Bid Was Still a Boon for Spanish Casinos

New York Times – Even though Sheldon G. Adelson, the American billionaire casino magnate, abandoned his plans for a $30 billion casino and leisure resort on the outskirts of Madrid last month, he has nevertheless helped get the roulette wheels spinning here for the first time in almost a century. In mid-December, Mr. Adelson dropped plans to build a resort with six casinos, known as EuroVegas, after the Spanish government refused to accept his demands for financial concessions. Just days later, however, two small casinos opened in central Madrid, operated by Spanish companies that applied for new licenses in the…

Las Vegas Sands Could Delay EuroVegas

Las Vegas Sands Corporation could delay development of a planned EuroVegas $22 billion resort complex in Spain. That is, unless the government lifts a ban on smoking inside casinos. This according to a wire service report. However, in a statement to Spanish media last week, the company said reports that the proposed development was not progressing were “inaccurate.” According to United Press International, Las Vegas Sands Chairman Sheldon Adelson said construction on EuroVegas in Madrid will not start unless Spanish Prime Minister Mariano Rajoy amends laws that ban smoking in most public places. Lifting the ban is opposed by Spanish…