Spain's Colossal Casino Project Dealt a Bad Hand

Las Vegas Sands and its billionaire owner Sheldon G. Adelson have cancelled outlandish plans to build a $30 billion megacasino near Madrid.

"Sheldon G. Adelson, the billionaire casino magnate, on Friday abandoned his plans to build a $30 billion gambling and leisure resort on the outskirts of Madrid after failing to win financial concessions and other favors from the Spanish government," report Raphael Minder and Landon Thomas Jr.

"The decision by Mr. Adelson’s company, Las Vegas Sands, to drop its EuroVegas resort project is an economic blow not just for Madrid but for Spain as a whole," they add. "The country has been pining for foreign investment to help revive its economy and cut its 26 percent unemployment rate."

Full Story: Las Vegas Sands Drops Giant Spanish Casino Project

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
poster

A Short History of America

From comic book artist Robert Crumb, poster shows how the built environment has changed throughout the decades.
$14.95

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00