MADRID, Feb. 8 (Xinhua) -- The macro leisure resort Eurovegas will be built in Alcorcon, 13 km from the Spanish capital of Madrid, President of the Community of Madrid Ignacio Gonzalez said Friday after a meeting with a delegation from Las Vegas Sands Corporation.
The 750-hectare project will be built in three different periods starting end 2013 and finished by 2022.
Las Vegas Sands, headed by American magnate Sheldon Adelson, said it would create around 80,000 direct and indirect jobs when the first stage of the building is completed. This is good news for Alcorcon which has around 15,000 people unemployed, not to mention Spain's almost 6 million.
Eurovegas will consist of four resorts with 3,000 rooms per hotel along with areas for meetings, theaters and conventions, Las Vegas Sands Chief Operating Officer Michael Leven said in Madrid.
Las Vegas Sands has guaranteed they will cover 35 percent of the total investment while assuring to have enough resources to complete the construction of the complex.
However, opinion over the mega project is divided in Spain. Many support the project given that Las Vegas Sands Corporation expects to have 11 million tourists in 15 years who will spend around 15.5 billion euros (20.7 billion U.S. dollars).
However, others such as the group "Eurovegas No" believe there is not enough information about the environmental impact, labor conditions or information on who will finance the remaining 65 percent of the project.
Another macro complex is now expected to be built 100 km from Barcelona. Called BCNWorld, the project will require an investment of 4.7 billion euros (6.3 billion U.S. dollars) and create 40,000 direct and indirect jobs.