The company Las Vegas Sands has just recently announced that they have decided to pick Madrid over Barcelona as the location for a massive multi-billion dollar resort of gambling. This resort is going to be called EuroVegas, and they are hoping it will have the same pull of that of Vegas in America for Europeans.
Las Vegas Sands already own some of the world’s largest and most successful casinos such as the Venetian and Palazzo in Vegas. They also own the Marina Bay Sands Casino which can be found in Singapore, whilst also owning four casinos in China.
Madrid will become the gambling capital of Europe, which could supply the city with some extra tourism cash to help with the current economic status of the country.
This announcement caused mass celebration amongst the population of the city, which is actually the capital of Spain and by far the most populated city in the country. The city is actually suffering one of the worst financial slumps in its history which has caused a staggering unemployment rate of around 25 percent.
This resort is set to create thousands of new jobs, particularly within the construction and hospitality sectors. The construction could go on for 10 years in total, though most will be accessible after the first few casinos get up and running. In total there is set to be 6 casinos, 3 golf courses and around 12 hotels.
The whole project is set to cost a mind boggling $7.7 billion to construct, and is set to be the largest Casino resort in the world just behind…you guessed it Las Vegas.
Big Names Expected At The London Poker Festival
The event has already been going on for over a week, yet this is the week where the action is really set to heat up. With the Unibet Open London Main Event set to start up. It will start on the 13th of September and run until the 16th.
Nearly 200 people have already signed up to take part in the 1,500 Euro buy-in, including the former footballer Thomas Brolin being amongst them. There will also be poker professionals such as Mikka Anttonen, Peter Harkes and Mateusz Moolhuizen hoping to take down the title.
This is just the first of many other events taking place this week through the London Poker festival, there will be plenty of smaller side events and definitely something for everybodies level of stakes. This festival has plenty of other forms of entertainment too, with parties and comedy nights being put on throughout the tournament.
We will certainly be interested to hear who manages to win some of the more prominent events, and once we do hear, you will the next to know!