Euro Vegas - another multi-million attraction for bargain property buyers in Murcia, Alicante and Almeria

Since Las Vegas Sands announced in September that it chose Madrid to the detriment of Barcelona,

That Eurovegas (the name may change) will be launched in 2017. By then, there will be four hotels and two casinos, wrapped in skyscrapers, the highest in Spain, 80-stories surrounded by restaurants, auditoriums, golf courses, a recreation of the Times Square ...

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Las Vegas Sands will cost 2,700 million euros from out of the box to start the works, expected later this year, and from 2014 will include another 4,000 million provided by investors and banks, including some Spanish investors, as confirmed yesterday. The money, he said, is assured. At least in the first phase. The second would come a year and a half later, but will depend on how the project progressess.

The key incentive is the promise that Eurovegas will create tens of thousands of jobs. They carefully avoided setting a figure, but gave the example of a similar complex in Singapore, with 10,000 people on staff, and it has generated, he said, another 10,000 indirect jobs. In Madrid they will build four resorts like that, but internal synergies can significantly reduce the 40,000 jobs that would come.

In any case, it is sufficient in a region with 561,919 registered unemployed. Nominally, Las Vegas Sands will participate in an open competition organized by the Community to award the project. 

The land on which Eurovegas will Eurovegas rise are rustic, and thanks to a judgment of the Superior Court of Justice of Madrid (under appeal to the Supreme Court) designed to lift up to 30,000 homes in that area. It also includes the future Sports City from Atletico Madrid, that would become another attraction of the resort.