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Sands Eyes Another Big Project

Sands Eyes Another Big Project

After the mega-project Marina Bay Sands Casino, Sands Corporation Chief Executive Sheldon Adelson is eyeing another multi-billion project in Spain. According to the news, the Las Vegas Sands Corp. is thinking of investing up to 15 billion Euros in a colossal strip-style casino project in Spain. Adelson confirmed the news by telling the Singapore media that his company is in talks with the Spain officials in Barcelona and Madrid. The project would be huge in every aspect. The place would have a living space of 20,000 hotel rooms as well as enormous space to house retail and convention centers. The CEO added that the company would require government concessions for land and guarantees. He seemed eager to get the plan approved as quickly as possible.

More to Come

The company’s ‘big’ list already includes names like Singapore’s Marina Bay Sands, the Venetian Macau, and the Sands Macau. There are also the Venetian and the Palazzo in Las Vegas and the Sands Casino Resort Bethlehem in Pennsylvania to add to the colossal list. The project would be beneficial for the company, as well as create millions of jobs in Spain thereby boosting the country’s economy. The casino would be on the lines of the master of casinos — Las Vegas. In fact, it is being touted as a “mini Las Vegas” if Adelson is to be believed. He has even planned to christen it the Europe Vegas or Euro-Vegas.

Adelson is all-excited about the mega project and is planning to hold a meeting with the contractors soon. The company would also soon recruit a big team of builders and architects to carry out the construction of numerous resorts all at once. Adelson seems to be taking the project very seriously and he was optimistic that the company can certainly pursue the dream of building a mammoth casino in Spain. The CEO is in a rush because he says that the company cannot wait for six months and wait for a reply from the building department once it makes a plan.

Marina Bay Sands

Marina Bay Sands is another feather in the company’s cap. The gigantic ship-shaped casino was built last year with a huge investment of $6 billion. In fact, Adelson has revealed that the company is still asking for more land from the Singapore government. This land is being sought to expand the casino’s already huge convention center because the demand is very high. Marina Bay is receiving rave reviews and has already become one of the most successful casinos in its short stint.

Casinos are here to stay and if Adelson and his company’s dreams keep growing bigger, the day is not far when every country in the world will have a casino. However, for now the plans rest at Spain. Spain could become one of the most familiar places for casino gaming in Europe.

The country could give tough competition to top gaming destinations like Las Vegas. Adelson has been successful with taking big risks in the past. He invested millions of dollars in Macau to build casinos there when his company was facing a crisis. His decision proved fruitful and now Macau has turned into the gaming capital of the world. Macau has even left Nevada behind. It will be worth the wait to see if Adelson’s plan to tap the European market becomes successful. The American market is slowly tapping the European market now and casinos are being opened everywhere. Only time will tell if Adelson’ latest attempt will taste success.

Atualizado em 26 de June de 2019.

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