Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
The company said it has completed its initial feasibility study and will now move to determining the size, scope, specific location and financing options/FILE

Kenya

Sands chooses Madrid for next gambling resort

The company said it has completed its initial feasibility study and will now move to determining the size, scope, specific location and financing options/FILE

LOS ANGELES, Sept 8 – Las Vegas Sands Corp. has chosen Madrid, Spain as the preferred location for building its next gambling resort, the company announced Friday.

The company said it has completed its initial feasibility study and will now move to determining the size, scope, specific location and financing options.

“The regional government of Madrid has been a strong advocate for this potential development and we are appreciative of the energy they have brought to this process,” said Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp.

“Barcelona is an outstanding tourism destination and choosing Madrid over Barcelona was not an easy selection.”

However, Sands cautioned that progress towards resolution of the current economic challenges within Europe will be an important consideration in the implementation of the project.

Adelson said that while the process in Spain played out, the company will still continue to focus aggressively on a variety of other development opportunities, specifically in the Asian countries of Japan, Korea and Vietnam.

The company owns The Venetian and Palazzo luxury gambling resorts on the Las Vegas as well as numerous casinos in Macau and Singapore.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...