Arab Today, arab today crisis sheds doubt on spanish las vegas plans
Last Updated : GMT 11:26:36
Arab Today, arab today
Arab Today, arab today

Crisis sheds doubt on Spanish Las Vegas plans

Arab Today, arab today

Arab Today, arab today Crisis sheds doubt on Spanish Las Vegas plans

Madrid - AFP

The eurozone crisis and financing problems have cast a shadow on plans to build a giant Las Vegas-inspired casino complex in Madrid or Barcelona, Michael Leven, the number two of Las Vegas Sands Corp said Tuesday. The \"Eurovegas\" was projected by its backers to create up to 250,000 jobs in a country where a quarter of the workforce is unemployed. Leven would not rule out that the project could be scrapped but he said at a press conference that a decision whether to go ahead can now be expected \"by September 1\". The announcement was initially to be made earlier this year. Asked what caused the delay Leven said talks had been held \"with about 30 banks already\" but that there were financing issues. \"I think it\'s more difficult today because of the international global situation but it\'s certainly not impossible,\" he said. \"The project could be cancelled for two reasons: one is that the agreements that we are involved in discussing with the government might not pass the legislature.\" The second reason was that if the project cannot be \"financed by the banks, in other words if the world gets worse in the next six or seven months, then of course we would not be able to do the project\". Opponents of the project argue that Las Vegas Sands demands a change to Spain\'s strict anti-moneylaundering legislation and a 10-year moratorium on a gambling tax. Fifty anti-Eurovegas demonstrators took to the streets in central Madrid late Tuesday banging pots. Opponents also warn of a repeat of the property bubble that burst in 2008 plunging Spain into its current crisis. Eurovegas would see four integrated casino complexes come to life over 10 to 15 years, and would comprise 12 hotels with 36,000 rooms, nine theatres and three golf courses. Initially, 12,000 rooms and four buildings would be built, complete with the necessary infrastructure, for about 6.8 billion euros ($8.5 million), 35 percent of which would come from Las Vegas Sands, said Leven.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today crisis sheds doubt on spanish las vegas plans Arab Today, arab today crisis sheds doubt on spanish las vegas plans

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today crisis sheds doubt on spanish las vegas plans Arab Today, arab today crisis sheds doubt on spanish las vegas plans

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday