Sands Ends Bid for EuroVegas

MADRID-Las Vegas Sands Corporation has dropped its plans to build a multibillion-dollar “EuroVegas” resort in Spain, and in a statement the company said it will focus global development efforts in Asia.

“We have reiterated time and again that our internal development process would dictate the outcome of a proposed development in Spain,” said Las Vegas Sands chairman and CEO Sheldon Adelson in a press release. “That process has been extremely thorough and while the government and many others have worked diligently on this effort, we do not see a path in which the criteria needed to move forward with this large-scale development can be reached. As a result we will no longer be pursuing this opportunity.”