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Spain gets Vegas style casino

6 December 2007

SPAIN -- As reported by the Daily Telegraph: "Europe is set to get its own version of Las Vegas in a desert region of eastern Spain where developers plan to build 32 hotel-casinos, two theme parks, a racecourse and stadium over the next decade.

"The project, approved last week by the regional government of Aragon, also calls for the construction of residential areas, an equestrian centre and a golf course on just over 2,000 hectares of land in the Los Monegros desert.

"Tentatively called 'Gran Escala,' which means large-scale, the development has a 17-billion-euro ($A28.47 billion) price tag that will be footed by International Leisure Development, a London-based consortium of investors.

"...The location - half-way between Madrid and Barcelona, Spain's second city - was selected over two other possible sites in Europe because it has good transportation links, favourable tax laws and relatively low land prices..."

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