Spain is hoping to revolutionize their travel industry with a $35 billion project being called “EuroVegas.” UrbanTimes.com explains:
Alcorcón, a quiet suburb of Madrid, is poised to begin transforming into “EuroVegas” by the end of the year. The controversial project consists of hotels, conference space and entertainment around a replica of New York’s Times Square. Last week, Las Vegas Sands Corp. — headed by Sheldon Adelson, the 14th richest person in the world — announced financing of $13.1 billion to begin construction, accompanied by flashy renderings of the planned development.
Madrid won the project over Barcelona in a heated competition last fall, and the site in Alcorcón was selected early this year. The development would include six casinos with18,000 slot machines and 1,000 gambling tables, 12 hotels featuring a total of 36,000 rooms, a convention center, three golf courses, bars, restaurants and shopping centers on a 750-hectare site — all for a total of $35 billion.