Gambling Casinos In Madrid Spain

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  1. Best Casino Hotels in Madrid on Tripadvisor: Find 467 traveller reviews, 645 candid photos, and prices for casino hotels in Madrid, Spain.
  2. Casino Gran Madrid was one of the 18 pioneering casinos in Spain and the first to open its doors in the Community of Madrid (Torrelodones) in 1981. It received government approval in 2011 to operate as an online casino, becoming the country’s first legal online casino.

Casino Aranjuez is a spacious casino located in the heart of Madrid, Spain sitting on a floor area of 376,737sq/ft featuring a variety of gaming machines and live table games. It is a gambling venue that caters.

Eurovegas Madrid
IndustryAmusement parks and resorts
FoundedCancelled
FounderSheldon Adelson
HeadquartersAlcorcón, Madrid, Spain
OwnerLas Vegas Sands
WebsiteEurovegas official website

Eurovegas was a gambling resort project proposed in September 2012, to be completed in 2025 or 2026 in Alcorcón, Spain. The project was cancelled after disagreements between the entrepreneur, Sheldon Adelson, and the local governments.

In September 2012 Sheldon Adelson proposed a major investment in Europe after he and his team had been in discussions with government officials in Madrid and Barcelona.

Finally, Las Vegas Sands Corp. announced Madrid had been chosen as the destination for the gambling resort project dubbed 'EuroVegas'.[1] More precisely, in February 2013 it was reported the town of Alcorcón, in the outskirts of the Spanish capital had been chosen as the site for the 'EuroVegas' project.[2] It was expected to take about ten years to build[3]

Eventually in 2025 or 2026 Eurovegas would have occupied approximately 2000 acres (7.5 square kilometers), and when completed, would have comprised:

  • twelve skyscraper hotels up to 500 feet (150m) high capable of accommodating several thousands of guests in luxury.
  • six casinos
  • three golf courses and other sports facilities, notably an indoor stadium and covered tennis complex,
  • a shopping mall and outlet stores
  • a major convention center and assorted meeting facilities
  • a wide range of restaurants,
  • assorted leisure centres including a spa and adventure park
  • an amphitheater for 20,000 people and various concert facilities
  • parks including nature reserve

The developer planned to begin the first phase in 2016 but reports that the Government of Spain was reluctant to grant the various legal exemptions necessary. In effect, the company wanted a legal tax haven in which the Europe wide ban on smoking in public places would not apply, and its management code would replace national employment regulations.[4] These issues relate to easements of various European Directives, and may be a smokescreen to obscure funding difficulties[5]

Eurovegas would have been the third resort macrocomplex to open outside of the United States after Macau and Singapore. The completion of the works was planned for 2022 and the official opening in 2025 or 2026.

Objections[edit]

Gambling casinos in madrid spain

Gambling Casinos In Madrid Spain Attractions

There was a campaign called 'Stop Eurovegas' supported by many trade unions, socialist leaning politicians and notably the Roman Catholic Archdiocese of Madrid, who claimed he project would provide money laundering for corrupt politicians, prostitution and poverty and excessive temptations for workers to cheat. But the main reason why Eurovegas was finally not accepted in Madrid was because Eurovegas promoters wanted to have smoking allowed inside the casinos and the Spanish Gambling Business Owner's Association opposed to that allowance as an act against competition.

Cancellation[edit]

On 13 December 2013 the Financial Times reported that Sheldon Adelson had cancelled his $30bn Eurovegas project in Spain.[6] The stated cause was the refusal of the Spanish government to accede to the legal concessions such as exemption from the Europe-wide prohibition of smoking in enclosed public places and providing long-term guarantees in regard of tax concessions and relaxation of employment regulations. The deputy prime minister of Spain at the time, Soraya Sáenz de Santamaría is quoted as saying: 'It is impossible to create a legal shield against regulatory changes because the courts are sovereign, majorities can change and the idea of indemnifying against future regulatory changes does not exist in our legal system.'

References[edit]

  1. ^'Las Vegas Sands Names Madrid As Preferred Location for European Development'. Las Vegas Sands. 7 September 2012. Archived from the original on 2012-09-11.
  2. ^'Spain's Alcorcon town chosen for EuroVegas resort'. 8 February 2013.
  3. ^'Vegas Sands picks Madrid for 'EuroVegas' project'. cbsnews.comEuropa Vegas. 8 September 2012.[dead link]
  4. ^'EuroVegas: Alcorcon, Madrid Suburb Chosen For Spain's Casino Mega Resort'. Huffington Post. August 12, 2013. Retrieved October 1, 2013.
  5. ^'Notices (in Spanish), photos and more'. 20 Minutos , Madrid edition newspaper. Retrieved 2013-10-01.
  6. ^Buck, Tobias (13 Dec 2013). 'Sheldon Adelson cancels $30bn Eurovegas project in Spain'. Financial Times. Retrieved 13 Dec 2013.
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Eurovegas&oldid=973009333'

They bet on almost anything, including lotteries, football and racing pools, horse racing (illegal betting shops, where punters bet on foreign horse and greyhound racing, are common in resort areas), bingo, slot machines, casinos, and the big jai-alai games in the Basque Country and Madrid. Prizes can be huge running into hundreds of thousands of euros.

The most popular form of gambling is the state national lottery ( Lotería Nacional) run in aid of charities and the Catholic Church. Lottery tickets are sold at lottery offices at face value or can be purchased from street vendors (10 per cent commission is added) and through ONCE (the Spanish organisation for the blind) kiosks manned by the blind or those with impaired sight. ONCE sells lottery tickets for a daily draw (Friday’s has the largest prize) and scratch cards (known as Rasca y Gana).

Spain’s and the world’s biggest lottery, ‘the fat one’ ( El Gordo), is held at Christmas and consists of 108 series of 66,000 tickets, each costing €200. Not surprisingly, €200 is too much for most people and tickets are divided into ten shares ( décimos). Many clubs and charities buy a décimo and offer shares (called partcipaciones) for a couple of euros, usually adding a small surcharge. The total amount wagered on El Gordo is over €1.7 billion, some 70 per cent of which is paid in prizes.

‘The fat one’ has its own website (http://www.elgordo.com) and there are several villages in Spain that regularly sell winning tickets for El Gordo, such as the tiny village of Sort (meaning ‘luck’ in Catalan!), in the Pyrenees where coachloads of hopeful lottery ticket buyers flock every autumn!

Tickets are usually sold out long before the draw on the 22nd December, which is televised live (it takes three hours) and traditionally made by the children of the San Ildefonso school in Madrid. Winning numbers are published in newspapers on 23rd December and the list is posted in lottery offices for three months following the draw. Winners must claim their winnings, as they aren’t sent to them automatically (unclaimed winnings go back to the state). If you win a big prize you can take your ticket to a Spanish bank, which gives you a receipt and collects your winnings on your behalf. Lottery prizes are free of all taxes. Spain’s second-largest lottery is called the kid ( El Niño) after the baby Jesus and takes place on 5th January.

Spain has some 20 casinos, and there’s also one in Gibraltar. The most common casino games are American and French roulette, black jack, punto y banca and chemin de fer, plus the ubiquitous slot machines and private gaming rooms. There’s usually an entry fee, and visitors must show their passports (to identify professional gamblers). Most casinos are open from late afternoon until the early hours of the morning, e.g. 5pm until 4 or 5am. Dress code is smart casual (no jeans, sandals or T-shirts).

Gambling Casinos In Madrid Spain Madrid

This article is an extract from Living and Working in Spain.
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