Quote:
Originally Posted by overdrive1979
We have high unemployment rate because the bursting of our own real state bubble in 2008, so is an incredibly huge mistake to try to relaunch economic activity by another hazardous and speculative short them profit, which only benefit our politicians and few powerfull businessmen as Sheldon Adelson. 
Is a bad idea to put all the eggs in one basket by building a huge resort and neglecting the rest of our own territory! 
I wish to emphasise that Las Vegas Sand was almost brankruptcy in autumn 2008. Las Vegas city itself was on the brink of becoming a bankrupt city as Detroit is, so who want something like this in its own country?
Nobody explicitly rejects casinos in Spain as we already have some small of them in big cities. All we ask is that we don't want huge gambling resorts, and they must conform to spanish and european legal framework. |
You really don't understand. During the financial meltdown in 2008 the Sands was hit hard. But it did not go bankrupt because Sheldon simply reinforced it with a billion dollars of his own money. And right after that period he continued the massive investment into Singapore which has now yielded large profits.
Spain may have done the right thing in turning Adelson down but make no mistake. Sheldon was more likely to produce gold than anyone else. He is no gangster and is actually an overly righteous sob.
But dumping Adelson without an alternative does not make a whole lot of sense.
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