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    Default ' Euro-Vegas '- Madrid vs Barcelona

    Las Vegas Sands to build 'Euro-Vegas' in Spain



    The Marina Bay Sands in Singapore $5.7 billion to build

    SINGAPORE — US gaming giant Las Vegas Sands is "very actively pursuing" plans to build a Las Vegas-style casino strip in Spain at a cost of up to 15 billion euros ($20.4 billion), its chief said Thursday.

    Sheldon Adelson told the Foreign Correspondents Association in Singapore that Las Vegas Sands is already in talks with city officials from Barcelona and Madrid to build a gaming strip in either of their cities.

    "I want to do a mini-Las Vegas in Europe. I hope we could use the name 'Europe Vegas' or 'Euro-Vegas' or something," he said.

    "I want to build like 20,000-plus rooms and millions of square feet of shopping and MICE space," he added, referring to the meetings, incentives, conventions and exhibitions sector.

    "Now, we are very actively pursuing it. I'm already building up a team of development professionals in architecture, design, project development etc. In two weeks I'm meeting with three huge general contractors to possibly build several places at once."

    Adelson said the project would create 180,000 jobs, with investment costs unprecedented for a private company.

    "This will cost close to 10 to 15 billion euros. No private sector company has ever invested that kind of money, and we need the support of the (Spanish) government," he stated.

    The gaming mogul called on the national authorities in Madrid to set up a taskforce to fast-track their development plans as well as assign them a sizeable and suitable plot of land.

    "Can you imagine having 10 Marina Bay Sands in a strip? Pretty ambitious project," he said.

    Marina Bay Sands is Las Vegas Sands' sprawling casino establishment in Singapore, which cost $5.7 billion to build.

    It opened in April last year and visitors had since averaged a million a month, Adelson stated.

    "We have 11 million visitors, about a million people a month here since we opened," he said.

    Adelson expressed confidence that after all the attractions in the Marina Bay Sands open, Singapore's target of attracting 17 million tourists to the city-state in four years' time will be met.

    "The goal of 17 million by 2015, I think we're going to shoot right through that," he said.
    He added that the Asian gaming market had unlimited growth potential, due to the Chinese "culture" of gambling.

    "I don't think there's going to be any limit in this market. We will continue to grow, the only thing that I can't say with surety is how much."

    http://www.google.com/hostednews/afp...13cdfb59e7.581

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    Spain's dilemmas over 'Eurovegas' mega casino plans





    Spain's two great rival cities, Barcelona and Madrid,
    are vying to attract a mega casino project planned
    by US multi-billionaire mogul Sheldon Adelson.
    Dubbed "Eurovegas", the vast 16bn euro ($21bn; £13bn)
    complex of hotels and casinos will, say Spanish officials,
    generate up to 200,000 jobs.


    By Tom Burridge
    BBC News, Madrid


    For a country with a struggling economy and high jobless rate, the temptations are clear. But Mr Adelson's investment comes with conditions, and some argue he should have to play by the same rules as others in Spain.


    The contest to win over the 14th richest man in the world has become a casino version of the El Clasico derby that Spaniards are more used to witnessing on the football pitch. Barcelona, the Catalan capital, has beaches and a port where cruise ships dock on a daily basis. Madrid, the national capital, has the bigger, and better-connected, airport.


    Mr Adelson owns casinos in Las Vegas and in Macau, China. Three years ago he opened Marina Bay Sands, a huge complex of hotels, shops and casinos in Singapore.


    'Low-tax haven'

    Sheldon Adelson's company, Las Vegas Sands, says the project will generate, directly or indirectly, 260,000 jobs. The Spanish capital's tourism boss, Ignacio Fernandez gives a slightly more conservative, but still impressive, figure of 200,000 jobs. Either way, with Spain's unemployment standing at 23%, Mr Fernandez openly admits that the casino project's job-creation potential is its "biggest attraction" and makes it something "politicians have to get for their country".


    The main sticking point for negotiations between Spanish politicians and Mr Adelson is a list of conditions which, according to Madrid's tourism authority, the American businessman has given in order to agree to invest in Spain.


    It says Mr Adelson is unhappy about the level of social security he would have to pay his workers; he would also like immigration laws to be relaxed so it would be easier for him to bring some workers in from abroad.


    The tourism authority also says he would like to defy Spain's nationwide smoking ban in public places by allowing people to light-up in certain parts of the casino complex.


    Mr Adelson's company insists it has not made its investment dependent on a list of conditions, describing its talks with the Spanish government as "positive". "While we are not going to discuss specific topics we have discussed, those conversations should not be characterised as our company presenting a list of demands," the company said in a statement.


    But the reports have led to criticism, particularly from politicians on the left, that the resort would become a low-tax haven. Gregorio Gordo, of Spain's United Left party, disputes claims that the project would be a true source of real employment, pointing out that Mr Adelson would bring some workers in from abroad. He also argues that local hotels would lose business to the 12 hotels which are planned as part of the complex.


    Political risk

    Catalan President Artur Mas admits his region has always been behind Madrid in the race, but he believes in recent weeks Barcelona has been "catching up". As one of his officials points out, Barcelona has the sea and is a "much cooler" city. But politicians in the Spanish capital have been working on Mr Adelson for much longer. They also have the added bonus of political harmony: the city, regional and national governments are all controlled by Spain's ruling Popular Party (PP).


    The Spanish national government will ultimately decide whether to grant Las Vegas Sands their requested concessions. However it has pledged to remain neutral. If Spain's government was to allow an American billionaire to build an enormous casino project, which was subject to different rules that the rest of Spain, a political risk would come attached. However, Eurovegas would potentially pull in a new market of thousands of tourists, generating significant revenue.


    Sheldon Adelson's visits to Spain, most recently to Barcelona, suggest he is serious about the project. And he does not seem to have been put off by the eurozone crisis. He told Forbes' magazine that the project would take four to five years to build, by which time he believes "everything will be solved".


    From what officials in Madrid and Barcelona are saying, the economic potential of the project means it is a gamble either city is willing to take. First though, they need the consent of Spain's national government.


    http://www.bbc.co.uk/news/world-europe-17436502







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    They say MADRID is ahead on the contest.

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    They say today could be the D-Day. I bet for Madrid...



    Casino Plan Runs Into Opposition in Spain

    By RAPHAEL MINDER
    Published: August 15, 2012



    MADRID — Two struggling Spanish cities, Madrid and Barcelona, have been eagerly courting the billionaire casino magnate Sheldon G. Adelson for months, each of them trying to become the site of his planned casino and leisure resort.


    But now a possible stumbling block has emerged, as opponents of Mr. Adelson’s plans are raising questions about his company’s dealings in Macau, which have come under investigation in the United States and China. On Wednesday, an environmental party, ICV-EUiA, called on Mr. Adelson to appear before the Catalan Parliament in Barcelona to explain why his company, the Las Vegas Sands Corporation, had run into legal problems.


    Las Vegas Sands is being investigated by American authorities on suspicion of violating antibribery laws linked to its expansion in Macau, the Chinese gambling capital and a major source of income for the company. The company has denied wrongdoing and has said the investigation stems from the accusations of a disgruntled former employee. The Chinese authorities have also been investigating some of the company’s activities.


    Jaume Bosch, a lawmaker from the Catalan Green Party, expressed concern that the Spanish authorities had recently welcomed Mr. Adelson “like a head of state, while the most powerful countries in the world have placed him under suspicion.”


    Las Vegas Sands’ plans to build a giant casino complex in Spain have created a bidding battle between the two biggest cities in the country. Officials are eager to attract development while Spain is in the midst of its second recession in three years, with record unemployment of almost 25 percent. The government is struggling to convince investors that the country will not sink deeper into crisis and require a full European bailout.


    Mr. Adelson and other Sands executives have made several visits to possible building sites in Madrid and Barcelona. The two cities also recently sent delegations to Las Vegas in a bid to win over company executives. The Sands complex, to be called EuroVegas, would have 12 hotels with a total of 36,000 rooms, 6 casinos with 18,000 slot machines and 3 golf courses.


    Esperanza Aguirre, the head of Madrid’s regional government, has urged the national government to meet concessions requested by Mr. Adelson, including some tax exemptions, as well as an easing of Spanish restrictions on smoking in public spaces. Ms. Aguirre’s request, however, has led to questions over whether granting special treatment to Las Vegas Sands would open the door to similar concessions for other investors.


    While a final decision was initially expected before the summer, the Sands has pushed back any announcement until September. The Sands still hopes to start construction in mid-2013 and complete the complex within 10 years, said Michael A. Leven, the company’s president. Mr. Leven said in June at a news conference in Barcelona that the decision to build a casino complex in Spain should not be compared to “a soccer match between Madrid and Barcelona.”


    Still, some Spanish politicians are acutely aware that the longstanding rivalry between the two cities is helping the politically savvy Mr. Adelson.
    “It has worked great for him to have two cities competing so fiercely, with everybody trying to make the maximum efforts to meet his wishes,” Xavier Trias, the mayor of Barcelona, said earlier this year. “But if he thinks the European casino model can become the same as in China or Vegas, I think that he is wrong, because there are laws here that really cannot and shouldn’t be changed.”


    As an example, Mr. Trias said, “In Vegas you can cross a casino to a hotel room with children, but that isn’t possible here.”
    Some civic groups oppose plans for EuroVegas on environmental grounds. Other opponents say they fear that by promoting gambling, Spain might encourage criminal activities like prostitution and money laundering.


    “Our politicians are presenting this as a project that will save us from the economic crisis, but they’re ignoring several reasons why this goes against what this country should push for,” said Sonia Pomares, a member of Aturem EuroVegas, or Stop EuroVegas, a protest association formed this year in Catalonia.

    http://www.nytimes.com/2012/08/16/bu...-in-spain.html

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    In fact, the Spanish press says Adelson has bought 12 million square meters in Alcorcon, a town located 13 km to the South-West of Madrid, to develop the Euro-Vegas project. The official announcement by Adelson seems imminent...

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    Las Vegas, Macau and Madrid is going to become the great capitals of the gambling, betting and casinos worldwide... This new venture can turn Madrid into one of the cities with more visitors and tourists in the coming years. Madrid has worked hard to improve its infraestructures in recent decades.

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    Congratulations for Madrid election, if finally occurs.


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    The winner is MADRID...
    CONGRATULATIONS TO SPANISH CITY CAPITAL !!!
    Looks like Catalonia Government wants to develop now a new mega-project in Salou (Tarragona, about 1 hour drive away to Barcelona) beside Port Aventura Theme Park.
    I guess the new situation could help to impulse the planed PARAMOUNT THEME PARK in Murcia as a new tourist destination in coming years. Murcia must fight for its opportunity, however it will certainly be a hard work to all reach the proposed goal n Alhama. An strategic alliance between PARAMOUNT and RUSSIAN CASINO OPERATORS, as Russian billionaire Oleg Boiko, could be a winning team on the run opened in Spain in latest times to leadered the gambling and casino business market.
    ----------
    Mi padre dice siempre q hasta los "tontos" aciertan alguna vez de tanto intentarlo... P q no van por una vez a encontrar un negocio bueno para Murcia los políticos ? El consejero Cruz ha hecho tantas cagadas q a lo mejor a la de cien da la casualidad de q acierta... sin q sirva de precedente jajaja

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    Or maybe Boyko prefers invest now in Catalonia...
    --------------------
    Seamos realistas: ¿ Puede Alhama competir frente a Salou y Alcorcón ? Ambas localidades tienen en su entorno a Madrid y Barcelona y parques temáticos ya asentados (Warner Park y Port Aventura), además de miles de plazas hoteleras construidas y dos aeropuertos internacionales de gran capacidad. Lo de invertir en Alhama ante semejante panorama (añadido al de la crisis reinante en la actualidad) es de locos. Sólo Murcia ciudad podría intentarlo (dentro de la Comunidad de Murcia) y sería un lucha desigual, pues tiene un parque hotelero relevante (aunque no muy grande y con pocas plazas de 3 estrellas y ninguna de 5), dos aeropuertos internacionales en su entorno y un casino operando en el centro de la propia ciudad.

    Por otro lado, no olvides que el dueño de la licencia Paramount es Samper y este señor, cosa que la gente omite en sus análisis, tiene importantes intereses inmobiliarios en Huelva y Málaga, aparte de Argentina, México y Brasil. Si la operación de Alhama no cuaja, siempre puede cambiar el emplazamiento y llevarse la inversión final a otro lugar (no creo que Paramount fuese a poner muchos inconvenientes al respecto...) No olvides que en lugares como la Costa del Sol ahora mismo a lo mejor no le harían tantos ascos a un proyecto de este tipo tras el gran incendio de hace unas semanas que les puede restar capacidad operativa para los próximos años, porque a lo mejor se podría intentar reubicar algo por el estilo sobre la zona incendiada para favorecer una más rápida reactivación de aquella área turística ahora diezmada.

    Hay que tener claro una cosa en toda esta historia: el amigo Samper se va gastar en el proyecto de Paramount unos 250 millones de euros, que son lo que sacó (después de impuestos y costes de ejecución del proyecto) de la venta del centro comercial Nueva Condomina y que es lo que valdría construir sólo el parque diseñado por Paramount.

    Aquí lo que nos estamos jugando es que la plusvalía obtenida en Murcia ciudad (graciaosamente dada por el alcalde Cámara en un convenio urbanístico lleno de sombras) se quede en Murcia o se vaya, tal vez, a otro sitio del mapa. Lo primero que el alcalde de Murcia no debía haber tolerado jamás (si fuera un buen alcalde de verdad,... que no lo fue nunca jamás...) es que el dinero que ganó Samper en Murcia se fuera de la ciudad (o de su término municipal) hasta Alhama para favorecer a un señor que tiene allí suelos y una fábrica de choped o a algunos bancos que habían recomprado los terrenos y la casas de una promotora desaparecida en combate hace ya algún tiempo. Lo que me temo es que el dinero a lo mejor se va ir hasta de la Región y va acabar siendo invertido en otro sitio...

    Tiempo al tiempo y que no me equivoque... pero el Sr. Cámara debiera salir a recordarle al Sr. Samper que ha ganado una montonera de millones en Murcia y que ese dinero lo tiene que invetir en Murcia o sus cercanías. Bastante jodida está la cosa como para que con lo de Murcia se financien otras historias en otros lugares, para eso pidió un convenio urbanístico estupendo y se lo dieron en su día...

    Pincho de tortilla y caña a que vende el club de fútbol y se lleva la licencia a otro lugar para meter allí lo que tan fácilmente y por la cara le regalaron en Murcia ciudad... La gente en Murcia si nace más tonta, nace oveja...

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    September 7, 2012


    Las Vegas Sands Names Madrid as Preferred Location for European Development

    LAS VEGAS, NV -- (Marketwire) -- 09/07/12 -- Las Vegas Sands Corp. (NYSE: LVS) announced today that it has chosen Madrid, Spain as the preferred location to build an integrated resort development for the European market. The company said it has now completed the first phase of its extensive due diligence efforts and will move to the next phase of those activities, which will include among other things, determination of size, scope, specific location, and financing options from the capital markets for the project. The company has consistently said it will allocate approximately 25-35 percent equity for the proposed development. The company added that the process is still very much in the early phases and progress towards resolution of the current economic challenges within Europe will be an important consideration.

    "We would like to thank people in both Madrid and Barcelona for the time and effort they have dedicated to this process. We have met so many tremendous supporters of both cities and are thankful for the friendships we have developed," said Mr. Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp.

    "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," continued Mr. Adelson. "Barcelona is an outstanding tourism destination and choosing Madrid over Barcelona was not an easy selection. We also want to express our deepest gratitude to the people both within the Barcelona government and those who served as consultants or advisors to us there while we went through our evaluation process."

    Mr. Adelson said that while the process in Spain plays out, the company will still continue to aggressively focus on a variety of other development opportunities, specifically in the Asian countries of Japan, Korea and Vietnam.

    About Las Vegas Sands

    Las Vegas Sands (NYSE: LVS) is a Fortune 500 company and the leading global developer of destination properties (Integrated Resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.

    THE VENETIAN® and THE PALAZZO®, Five-Diamond luxury resorts on the Las Vegas Strip, and SANDS® Bethlehem in Eastern Pennsylvania are the company's properties in the United States. MARINA BAY SANDS® is the company's iconic Integrated Resort in Singapore's downtown Marina Bay district.

    Through its majority-owned subsidiary Sands China Ltd., the company also owns a portfolio of properties on Macao's COTAISTRIP®, including THE VENETIAN® Macao, Four Seasons Hotel Macao, and Sands Cotai Central, a 13.7 million square foot 6,400-room Integrated Resort, the first phase of which debuted in April 2012. The company also owns the SANDS® Macao on the Macao Peninsula.

    Las Vegas Sands is also committed to global sustainability through its SANDS Eco 360 program and is an active community partner through its various charitable organizations.

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