Re: Re: Press articles about the Spanish property situation


An article in the Guardian on the battle between Barcelona and Madrid for Euro Vegas

Last week Adelson was in Spain again, looking at a vast beachfront stretch of land close to Barcelona’s airport that has been offered to him despite environmental protection orders.

“This would turn Catalonia and Barcelona into the leading tourism zone in Europe,” said the regional Catalan president, Artur Mas.

But Mas accepts Madrid is in the lead. Its regional prime minister, Esperanza Aguirre, has met Adelson five times. “We should change whatever norms have to be changed,” she said recently. “We have to encourage this … though there are some demands that can be accepted and others that cannot.”

Both regions hope Europa Vegas will have the kind of runaway financial success that Adelson’s new outposts in Singapore and Macao are enjoying.

From what I can gather in the Spanish press, Madrid are ahead in this battle. But Barcelona are claiming Chinese interest in building their own casino complex there. We shall see…

If the complex is built north-east of Madrid, then a certain “Soto de Henares” estate may become hot property (and any other building developments on that eastern side).

Incidentally it’ll be interesting to see if the AVE extension to the casino (one of the demands) is also built. I don’t think that is out of the question, they’ve already put a link to the airport.