Tuesday, 17 December 2013
The proposed $30 billion EuroVegas casino development which was due to built in the outskirts of Madrid has been scrapped.
US casino groups Las Vegas Sands confirmed the news on Friday saying that it was no longer in the best interests of its shareholders. "We have reiterated time and again that our internal development process would dictate the outcome of a proposed development in Spain,” said Las Vegas Sands Chairman and Chief Executive Officer Sheldon G. Adelson. “That process has been extremely thorough and while the government and many others have worked diligently on this effort, we do not see a path in which the criteria needed to move forward with this large-scale development can be reached. As a result we will no longer be pursuing this opportunity.” Initial plans submitted in August included provisions for six casinos and 12 hotels as well as a host of shops and theatres as well as parking spaces for up to 40,000 cars. Despite the prospect of a boost in tourism and 250,000 new jobs the development ran into stiff opposition from religious and political groups. Anti-tobacco campaigners also opposed the plans after Adelson called for the resort to be exempt from no smoking laws. According to the Spanish government, negotiations finally ground to halt after Sands demanded legal and financial guarantees that ran contrary to Spanish and European Union law. Deputy Prime Minister Soraya Saenz de Santamaria said, "New conditions were put forward concerning taxes and legal protection ... which could not be taken on board by the administrations involved." Sands will now be turning its attention towards the Asian market. “Developing integrated resorts in Europe has been a vision of mine for years, but there is a time and place for everything and right now our focus is on encouraging Asian countries, like Japan and Korea, to dramatically enhance their tourism offering through the development of integrated resorts there," Adelson added.
Juicy Stakes and Intertops Poker will hold their special May Day online poker tournament with a guaranteed $2,000 in the prize pool on May 1 and players are being offered the chance to qualify from Monday to April 30 via a series of satellites.
The Easter holidays are now upon us and Juicy Stakes and Intertops Poker are celebrating by holding a pair of special online poker tournaments.
Juicy Stakes and Intertops Poker will be launching their three-stage Vegas Milli Maker tournament series from tomorrow offering players the chance to win a prize package to compete in the upcoming Millionaire Maker event at the 48th annual edition of the World Series Of Poker (WSOP) in Las Vegas.
Intertops Poker and Juicy Stakes are about to kick off three-stage online satellite tournament series that are promising to award winners with prize packages to compete in the upcoming European Poker Championship in Velden, Austria.
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