Friday, February 18, 2011

Las Vegas Sands plans €15bn gambling hub in Spain


Spain's economy has been handed a welcome vote of confidence after US casino operator Las Vegas Sands revealed plans to build a €15bn (£12.6bn) Iberian gambling hub that could create as many as 180,000 jobs.

 
Is this part of the turn in Spain's economy. Now we're talking some real money.

A couple months back Spain also told its green energy companies and investors it won't be paying the rate it contractually agreed to for solar and wind generation. Some multinationals stand to lose basically billions of euros worth on those deals.


Greece is also showing signs of turning the corner. They made some huge deals with the Chinese state owned companies on shipping deals. The Chinese see that Greece can be used as a entry point for masses of product moving into Southeast Europe and also as a trans-shipment port to move Chinese goods into the Mediterranian countries.

The Greeks were talking about selling their ports and rail corporatiosn to the Chinese state owned companies. And the Chinese talking about expanding that infrastructure and setting up a network of warehouses and trucking points within Greece.

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