Las Vegas Sands' Adelson plans $35 billion on Spain casino investment
Billionaire Sheldon Adelson said on Wednesday that he plans to spend $35 billion on a mini-Las Vegas strip in Spain, where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.
Las Vegas Sands Corp
Adelson was speaking at a press conference ahead of the opening of his new $4 billion casino property in Macau, the world's largest casino destination.
Las Vegas Sands said in February that it was studying an investment of as much as 15 billion euros ($20 billion) over 10 years in a casino complex in Spain, which would include 36,000 hotel beds, 18,000 slot machines and three golf courses.
Under its $31 billion Macau unit Sands China Ltd <1928.HK>, the group already has two casinos open in the former Portuguese colony.
(Reporting By Farah Master; Editing by Chris Lewis)
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