Re: Re: Las Vegas Sands plans mini-Vegas in Spain (Euro-Vegas)

#115096
DBMarcos99
Participant

Article here (in Spanish) on the likely winners

http://www.intereconomia.com/noticias-negocios/empresas/quien-gana-eurovegas-20130208

No surprise that the owners of that land come out on top – particularly Metrovacesa. The biggest shareholder of Metrovacesa is Santander, so perhaps it was inevitble their shares would rise today (currently up 1.74%)
The article states it’s good news for people about to be employed in the construction process. It’s also good news for property owners in Alcorcón – even if they don’t want to be close to this development, the new economic activity will push up house prices (and ensure the current empty places get taken up).