Spain cancels the Caesars

Author: Gambling news

15 Oct

Without doubt the Caesars Palace in Las Vegas is a flagship site for any lover of the high-flying casinos. Maybe you did not know but Harro’s Entertainment had announced the construction of a giant hotel casino on Spanish soil, his name would be nothing less than Caesars Spain and the plans of the Harro’s was the manufacture of a complex of 10,000 m2 would have an auditorium for 3,000 people, spa baths with the best style ancient Rome and a major center for luxury conventions and conferences.

The company had declared their willingness to invest some 650 million dollars in the construction of Europe’s largest casino with a view to open it in early 2011. But Gary Loveman, chief executive of the company responsible said in a recent presentation to analysts that the draft Caesars Spain was “paralyzed”.

“The situation in the housing market and capital in Spain is even worse than in the United States.” “It’s a project that we have always had great affection, but not until those markets are more favorable is unlikely to have much progress there,” said Loveman, obviously saddened by his back on the matter.