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Tag Archives: EuroVegas

Spain – Extremadura opens the door to EuroVegas style project with new law

The Assembly of Extremadura has approved a new bill, which facilitates the creation of large leisure facilities. The new rules will allow for a fast and efficient process that will allow the region to compete on equal terms with other autonomous communities. According to the spokesperson of the Spanish Socialist Workers Party (PSOE), Valentín García,…

US – EuroVegas ruling favours Hungary

The International Center for Settlement of Investment Disputes (ICSID), in Washington, DC, has ruled in favour of the state of Hungary, rejecting compensation sought by Israeli investors because of a failed casino investment. The Israeli investors sought for more than HUF 100 bln (€326m) in damages from the state of Hungary under an international investment…

Spain – Sands cancels plans to bring EuroVegas to Madrid

Las Vegas Sands has axed its plans to develop a mega-resort in Alcorcon, just outside of the Spanish capital of Madrid. After months of on-going discussions with various levels of the Spanish government and continued internal due diligence, Las Vegas Sands confirmed that its ‘formal proposal to invest more than $30bn to develop a series of integrated resorts…

Spain – Benidorm to counter EuroVegas and BCN World

With the dual threat of EuroVegas and BCN World looking to lure tourists to Spain to the wider regions of Madrid and Cataluña, the Valencian government is looking to adopt new gaming laws to boost its own appeal as a gaming destination. The intention is to counter the threat of the two super casino projects…

Spain – EuroVegas still facing local and central differences over smoking

Las Vegas Sands’ owner Sheldon Adelson’s is still facing a major hurdle with his planned Eurovegas project in Spain due to the central government’s rejection of any changes to legislation to allow smoking in casinos. In response to a written request by the UPyD party for clarification of the administration’s stance on Mr. Adelson’s insistence…

Spain – Euro Vegas ‘morality’ is 40 years out

Former President of Madrid and President of Madrid’s People’s Party, Esperanza Aguirre has reacted strongly to those who are opposing the new EuroVegas resort on moral grounds pointing out that casinos have already been a reality in Spain for almost 40 years. Writing in her weekly column for news portal ABC and also on her personal blog…

Spain – Official details of EuroVegas revealed

Despite the recent suggestion put forward by General Secretary of the Socialist Party of Madrid, Tomás Gómez that plans for the new Euro Vegas in Spain have ‘fallen through” Las Vegas Sands has officially registered a feasibility study for the new EuroVegas complex. In what has been described by the President of the Community of Madrid Ignacio González…

Spain – Concern over Euro Vegas ‘truth’

The General Secretary of the Socialist Party of Madrid, Tomás Gómez has stated to local press that plans for the new Euro Vegas in Spain have ‘fallen through’ and has demanded that the government make an official announcement in order to clarify the issue. Mr. Gómez has demanded that the President of the Community of Madrid, Ignacio…

Spain – Spanish smoking decision could be autonomous

As it looks to embrace the economic benefits offered by Europe’s first Las Vegas style gaming destination; Euro Vegas near Madrid, the Spanish government has asked its legal advisors to find a way to allow smoking in casinos. The landmark ruling would be an exception to a general ban on smoking in public places and…