The decision by the Las Vegas Sands ends the prospect of a development that proponents said would have helped improve Spain's ailing economy and the 26 percent jobless rate.
December 13, 2013 at 08:00 AM
1 minute read
Las Vegas Sands Corp., the casino operator controlled by billionaire Sheldon Adelson, abandoned a plan to build a mega-resort in Spain for more than $30 billion and will focus on Asia instead.
“We do not see a path in which the criteria needed to move forward with this large-scale development can be reached,” Adelson said Friday in a statement.
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