En esta foto del 12 de abril de 2012, el presidente de Las Vegas Sands, sheldon Adelson, habla en una conferencia de prensa en Macao. La empresa eligi? a Madrid y no a Barcelona como sede del proyecto multimillonario del casino Eurovegas, el viernes 6 de septiembre (AP Foto/Kin Cheung, archivo)
En esta foto del 12 de abril de 2012, el presidente de Las Vegas Sands, sheldon Adelson, habla en una conferencia de prensa en Macao. La empresa eligi? a Madrid y no a Barcelona como sede del proyecto multimillonario del casino Eurovegas, el viernes 6 de septiembre (AP Foto/Kin Cheung, archivo)
In this photo released by the Madrid Regional Government on May 6, 2012, CEO of Las Vegas Sands Corp. Sheldon Adelson, centre with sunglasses, waves while visiting Alcorcon, which was one of the possible sites for the EuroVegas project on the outskirts of Madrid, with others unidentified. It is announced Friday Sept. 7, 2012, casino giant Las Vegas Sands Corp. has chosen Madrid over Barcelona for a multi-billion dollar gambling resort project dubbed "EuroVegas". With Supporters point out the prospects of construction jobs and service casino jobs will bring improvement to the high jobless rate and shrinking economy in Spain, but critics predict that gambling will attract criminals. (AP Photo/Comunidad de Madrid)
In this photo released by the Madrid Regional Government on May 6, 2012, CEO of Las Vegas Sands Corp. Sheldon Adelson, left in foreground, waves while visiting Alcorcon, which was one of the possible sites for the EuroVegas project on the outskirts of Madrid, with others unidentified. It is announced Sept. 7, 2012, casino giant Las Vegas Sands Corp. has chosen Madrid over Barcelona for a multi-billion dollar gambling resort project dubbed "EuroVegas". With Supporters point out the prospects of construction jobs and service casino jobs will bring improvement to the high jobless rate and shrinking economy in Spain, but critics predict that gambling will attract criminals. (AP Photo/Comunidad de Madrid)
MADRID (AP) ? The decision by Las Vegas Sands to choose Madrid for a big casino project is likely to be welcomed here, but potential obstacles include the company's decision to fund only 35 percent of the resort and to demand changes in local laws.
Las Vegas Sands Chairman and CEO Sheldon Adelson announced the decision to choose Madrid over Barcelona for the multi-billion dollar gambling resort project dubbed "EuroVegas" on Friday night.
However, with Spain in recession and considering a bailout, raising 65 percent of the cost could be difficult. And there is no guarantee officials would agree to change Spanish laws to let gamblers smoke inside the casinos and the new buildings to soar above the skyline.
Analyst Ramon Zarate said Saturday, "I find it difficult to believe they will be able to raise capital in Spain or from the banking sector."
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