Spain May Become New Las Vegas With Sands Leading The Way
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Casino gambling is here to stay, and if Sheldon Adelson has his way, casinos will be prominent in every major country in the world. The latest country to be mentioned in association with Adelson and Las Vegas Sands is Spain.
Adelson revealed his plans to build a Las Vegas-style strip in Spain. If completed, the $20 billion project would make Spain one of the most recognizable gaming destinations in Europe, and a major competitor for the top gaming destination in the world.
Several years ago, Adelson took a chance when his company was struggling. Adelson invested millions of dollars of his own fortune to bring casinos to Macau. The resorts have turned into some of the most successful casinos in the world, and Macau has become the gaming capital, surpassing Nevada.
Recently, Adelson has attempted to branch out from his success in Macau. Sands has built a property in Singapore that is receiving rave reviews and has been highly successful. Now, Adelson has set his sights on Europe, a relatively untapped area of the world when it comes to American gaming companies.
Adelson has already looked into what he would need in order to build the facility. The gaming giant wants concessions from the Spanish government that he could acquire the land necessary to build the gaming complex. He also would want to be assured that he could build the casino complex in a timely manner, and that he would receive all necessary permits swiftly.
Las Vegas gaming companies have started to expand out of the US at the same time that smaller companies are opening casinos throughout the country. Dozens of states have expanded their casino industries in the past couple of years, and staying one step ahead, Las Vegas companies started expanding overseas. Las Vegas and Atlantic City have both been hurt by expansion in surrounding states.
February 20, 2011
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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