Las Vegas Casino giant Las Vegas Sands Corp. has chosen Madrid for a multi-billion dollar gambling resort project which have been dubbed “EuroVegas” and can be Europe’s biggest casino and conference centre.
The latest plans for this exciting project were revealed by the company’s chairman and chief executive officer Sheldon Adelson on the Jerusalem International Tourism Summit.
The 79 year old entrepreneur, philanthropist and businessman, whose career spans six decades, was honoured for his tremendous contributions within the travel and tourism industry earlier today on the Summit.
Widely credited for reworking Vegas from a gamingcentric regional location into the leading convention and exhibition city inside the U . s ., the tycoon now has his sights set on Madrid .
He revealed to delegates on the Jerusalem forum that his vision is to make Madrid “the convention centre of the world”.
Having secured the £8.3bn financing needed for EuroVegas, Adelson, has earmarked 12 3,000 room properties with 2,400 meeting facilities, set to seriously change the 3 square mile site.
The first stage of the project – including four separate “resorts” with casino facilities attached – is predicted to open in 2017.
The outcome should be a 72-storey hotel building including six casinos, a practice centre, three golf courses, theatres, shopping malls, bars and restaurants.
A total of 240,000 direct and indirect jobs are expected to be made out of the project, in accordance with reports.
Adelson also has his sights set on major Integrated Resort projects in South Korea, Japan, Vietnam and Thailand.
Las Vegas Sands Corp. is now the world’s largest casino corporation, posting profits of $1.27 billion in 2011.
It owns the Venetian and Palazzo resort casinos at the Las Vegas Strip and the quay Bay Sands in Singapore.
The Venetian was named North America’s Leading Casino Resort by the arena Travel Awards in 2010, meanwhile Las Vegas Sands Corp was named World’s Leading Integrated Resort Company by the Word Travel Awards in 2012.