Las Vegas Sands chooses Madrid to build Eurovegas

08 September 2012

 Las Vegas Sands Corp. announced yesterday afternoon that Madrid is chosen to build Eurovegas.

In the announcement, the company said it chose Madrid over Barcelona in large part because the regional government has always supported the development potential of the project, including the construction of 12 hotels and six casinos in the next 10 years.

The company has said that the choice of Madrid completes the first phase of the project. The next step will be to determine the size, objectives, and the permanent location of the project financing plan.

"Barcelona is a fantastic tourist destination. The choice of Madrid has not been an easy decision, "said Sheldon Adelson. "We want to express our gratitude to the political authorities of both cities, and all those who have worked as consultants for us during the evaluation process"

Adelson also sais that wants to invest $22 Billion dollars in the project, but the company statement made it very clear that Las Vegas Sands group will allocate no more than 35% of that amount. 

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