Madrid is selected for casino resort
Source: Agencies |
September 9, 2012, Sunday
|
Print Edition
Print Edition
CASINO giant Las Vegas Sands Corp has chosen Madrid over Barcelona for a multi-billion dollar gambling resort project dubbed "EuroVegas."
The Spanish capital emerged as the best choice for the development, Las Vegas Sands CEO Sheldon Adelson said Friday in Las Vegas.
"The regional government of Madrid has been a strong advocate for this potential development, and we are appreciative of the energy they have brought to this process," Adelson said.
"Barcelona is an outstanding tourism destination, and choosing Madrid over Barcelona was not an easy selection," he said.
The decision was highly anticipated in Spain, where a high jobless rate and a shrinking economy make the prospect of thousands of construction and service jobs attractive to project supporters. But critics predict that gambling will attract criminals and say positions as hotel maids, waiters and blackjack dealers aren't a recipe for success for young people.
The Spanish capital emerged as the best choice for the development, Las Vegas Sands CEO Sheldon Adelson said Friday in Las Vegas.
"The regional government of Madrid has been a strong advocate for this potential development, and we are appreciative of the energy they have brought to this process," Adelson said.
"Barcelona is an outstanding tourism destination, and choosing Madrid over Barcelona was not an easy selection," he said.
The decision was highly anticipated in Spain, where a high jobless rate and a shrinking economy make the prospect of thousands of construction and service jobs attractive to project supporters. But critics predict that gambling will attract criminals and say positions as hotel maids, waiters and blackjack dealers aren't a recipe for success for young people.
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