THE M3: EUROPA VEGAS; FEB GGR

The Macau Metro Monitor, March 1, 2012

 

 

EUROPA VEGAS DRAWS MADRID AND BARCELONA INTO BATTLE OVER MEGACASINO The Guardian

"We believe we have the necessary package of agreements with the government which we need to provide assurance of success. We're just finalizing the last components of [Europa Vegas, the €17bn (£14.3bn) project ]," said LVS CEO Adelson.   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.

 

Both Madrid and Barcelona hope Europa Vegas will have the same success that Adelson has had in Singapore and Macau.  But opposition politicians in both cities are worried. "We don't agree with this sort of economic model, which would create a tax haven that comes close to being a form of slavery," said a socialist Madrid regional deputy José Quintana.  Local bishops in Madrid are rebelling against the project. "As a recent parliamentary session pointed out, gambling addiction brings with it an increase in illegal acts, suicides and bankruptcies," the bishopric of Alcalá said in a note to parishioners.

 

MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DSEC

Februrary GGR came in at MOP 24.286BN (HK23.58 BN, USD3.04 BN), up 22.3% YoY.