Summary Box: Spain likes its vision of 'Sin City'

March 28, 2012 • Business

In this Tuesday March 20, 2012 photo a man walks through one of the possible sites for the EuroVegas project, on the outskirts of Madrid. Madrid and Barcelona are both vying to woo Adelson and the $22 billion he wants to invest to erect “Eurovegas”, an array of six casinos, 12 hotels featuring 36,000 rooms, a convention center, three golf courses, shopping centers, bars and restaurants. (AP Photo/Paul White)

EURO VEGAS: Depending who’s talking, casino mogul Sheldon Adelson’s dream to build Europe’s first Las Vegas-style resort in Spain could be a boon or a burden. Both Madrid and Barcelona are wooing Adelson and the $22 billion he wants to invest in six casinos, hotels and retail. Gambling already is legal in Spain.

JOBS, YES: It would bring some relief to an economy lurching into another recession and struggling with a jobless rate around 23 percent.

BUT THE RIGHT ONES? Some critics warn that positions as hotel maids, waiters and croupiers lack potential. Others fear the casinos will encourage criminal activity. And the project has strings attached: Adelson wants Spanish laws bent to allow smoking inside and to let the buildings tower above the skyline.

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