Las Vegas Sands Abandons $30 Billion Spanish Casino Proposal
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Las Vegas Sands Corp., the casino company 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 today in a statement. Bloomberg News reported the decision earlier today.