Adelson Looking Elsewhere In Europe For Casino

Rome, Milan, Athens, Paris Are Possible Sites

Billionaire casino boss Sheldon Adelson apparently isn’t giving up on Europe just yet.

Bloomberg reported that Adelson and his Las Vegas Sands Corp. are taking a look at other European cities after the firm abandoned tenative plans for a casino complex in Madrid.

“I’m looking at a different model of doing Singapore-like or Japan-like or Korea-like individual [integrated resorts] in individual cities,” Adelson said in an interview in Israel on Saturday. “We will just take the major cities in Europe and see whether or not there is a possibility to pursue that.”

Earlier this month, Sands abandoned its casino project in Madrid after Spain’s government failed to meet some of the company’s tax demands.

Sands wanted assurances of compensation should future legislation make business difficult and also an exemption from a nation-wide smoking ban.

Sands had said it would spend $30 billion on the Madrid project.

Rome, Milan, Athens and Paris are possible sites for new resorts, Adelson said.

Source: http://www.cardplayer.com

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