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Finally, it seems that, although there is no official announcement, Las Vegas Sand Corporation has chosen Madrid to built Euro Vegas. Nevertheless, Catalonia is going to have its own amusement resort, called 'Barcelona World'. This enormous construction will combined six amusement parks and will be situated next to Port Aventura resort.

portaventura1 300x225 - 'Barcelona World': The answer to EurovegasSpanish billionaire Enrique Banuelos and his Veremonte firm said they will construct the so-called “Barcelona World” on 1.5 million square meters of land belonging to La Caixa in Tarragona province. The 4.5-billion-euro investment is expected to create 20,000 direct jobs.

The project will be self-financed by investors from the six global areas who want to set up businesses in their respective theme parks, explained Lluís Rollán, of Mediterranean Beach and Golf, a Veremonte affiliate.

“We are not worried about EuroVegas. In fact others should be worried about what we are planning,” said Catalan land commissioner Lluís Recoder, who suggested that Barcelona World will be completed before the EuroVegas project gets off the ground in Madrid.

“Competition is competition and we want to be the first,” said economic commissioner Andreu Mas-Colell.

Adelson has told Catalan officials that the initial investment for EuroVegas would be around 17 billion euros but he also tossed around a 27-billion-euro figure in Madrid. The offer was to build the mega casino-hotel complex on 800 square meters of land near Baix Llogregat, with 250,000 direct and indirect jobs up until 2025.

Source: elpais.com

 

Spain had tried already to create the European 'Miami'.

A combination of hotels, apartments and retirement homes for European pensioners and partly-retired professionals, all over the Spanish coast. The project included the construction and updating of communication infrastructures, such as the AVE, highways and airports. Now, big plans are coming again.

eurovegas - Eurovegas and Mallorca Harbor
Las Vegas

The first one is the Eurovegas,which is getting great presence in the media because the American company that will develop the mega casino is in Spain, checking two likely locations, Madrid and Barcelona. The entrepreneur Adelson demands, among other petitions: lands expropriation, special tax treatment, and smoking permission in public places. In returns, up to 250,000 employs will be created, Adelson say. Some sources make sure that most of Adelson’s requirements has been satisfied, and only the casino location is left to know.

 

catedral palma - Eurovegas and Mallorca Harbor
Palma de Mallorca Cathedral

The second project is in Mallorca. The developer Roland Ras has presented to the Govern Balear a plan in order to remodel Palma’s Habor. This undertaking could create up to 33,000 employs. The stipulated period to finish the redesign is around 5 years. The work would be over a surface area of a million square metres and the industrial area would be enlarge in nearly 400,000 square metres.

The project would be developed by a private group with American and German funds. ‘Now is a good moment to invest in Spain and we see an opportunity for it’ Ronald Ras said.

Source: SpainHouses.net

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Eurovegas is expected to attract 11 million visitors in 15 years

sheldon adelson mini las legas espana 300x200 - Eurovegas Rethinks Establishing Casino Complex in SpainSheldon Adelson, the man who wants to establish a Eurovegas casino, hotel and leisure park, has now said that there is nothing solid about the project as yet.

Last month he said it was 90% complete and all he had to do was to choose between sites in Madrid and Barcelona, but now it seems he is getting cold feet, linking the project’s viability to the future of the Euro.

The President of the Las Vegas Sands Corporation said, ‘It’s not a Spanish project, it’s a project for all of Europe. If something happens to destabilise the Euro we still have time to take a positive or negative decision’.

If built Eurovegas is expected to attract 11 million visitors in 15 years who will spend some 15.5 billion €, according to the company.