Las Vegas Sands
One of Europe’s biggest building sites will arise this year when the first shovel hit the ground in Spain just outside of Madrid. The aim of this construction project will be to build Europe’s biggest casino and conference center and will even have a full size replica of New York’s Time's Square.
After the first stone is laid late this year it will become one of Europe's biggest building sites, creating tens of thousands of jobs in recession-hit Spain, as a vast complex of hotels, casinos and conference centers – possibly complete with a replica of New York's Times Square – emerges from dusty fields outside Madrid.
But on Friday, just as multibillionaire Sheldon Adelson's Las Vegas Sands corporation announced that it now had the €9.8bn (£8.3bn) financing needed to start building Europe's biggest casino and conference center, protesters were claiming the 36,000-hotel-room complex would bring gambling addiction and prostitution to Spain's capital.