Wednesday, April 16th9.5°C
21417
20654

Las Vegas casino company cancels plans to build multi-billion 'EuroVegas' resort in Spain

MADRID - Las Vegas Sands Corp. says it has scrapped plans to build a multibillion-dollar "EuroVegas" resort in Spain.

A statement on the company's website Friday said the project near Madrid did not fit with the company's immediate development plans, which will be focused on its Asian business.

The casino company led by Sheldon Adelson had considered investing more than 22 billion euros ($30 billion) in the project that was to include 12 hotels, six casinos, a convention centre, golf courses, theatres, shopping malls, bars and restaurants.

Spain, where unemployment stands at 26 per cent, had hoped it might create some 260,000 jobs.

The plan had been fiercely opposed by many people who feared it would lead to a change in non-smoking laws, promote prostitution and provide only low-paying jobs.

The Canadian Press


Read more Business News

20151


Recent Trending




Today's Market
S&P TSX14446.52+142.60
S&P CDNX997.975.87
DJIA16424.85162.29
Nasdaq4086.225+52.064
S&P 5001862.31+19.33
CDN Dollar0.9078-0.0031
Gold1302.20+2.20
Oil103.82+0.07
Lumber325.80+1.60
Natural Gas4.532-0.035

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.05
Cantex0.045-0.005
Anavex Life Sciences0.375-0.005
Metalex Ventures0.0750.00
Russel Metals30.55+0.28
Copper Mountain Mining2.42+0.10
Colorado Resources0.2650.00
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.23-0.02

 
19691


20304

FEATURED Property
17395503571 Elliott Road, Westbank
3 bedrooms 2 baths
$244,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...


Quick and nimble

Photo: ContributedFor many businesses this has been a tremendously difficult time since the 2008 crisis. Business fell off. Sales techniques that always worked, well… stopped working. Customers...


Keeping a clear focus on the future

Many times when we are gripped by fear it can be one of two mental challenges that we can learn to overcome. Photo: ContributedThe Fear is completely imaginary. In this situation there may be no fact...

_



21604

21604


Member of BC Press Council


21188