City casino EuroVegas, the American equivalent of Las Vegas, was officially registered in Spain. A huge entertainment complex to be built in the suburbs of Madrid - Alkorone. The project includes 12 hotels, six casinos and three golf courses, according to the portal ee24.com referring to the Spanish media.

U.S. company Las Vegas Sands, which is owned by multibillionaire Sheldon Adelson, will lead the construction of EuroVegas. In general, the construction will cost €17 billion. Previously reported, that Europe's largest entertainment complex to be built for €9.8 billion, but after six months, prices have risen.

EuroVegas area will be 750 hectares. Besides the casinos, hotels and golf courses shopping centers, gyms, restaurants and movie theaters will be built. The peak of the project will be a 250-meter skyscraper. A copy of the New York Times Square will also appear in the city.

Officials in Madrid are convinced that the construction of an entertainment center will be a stimulus to restore the Spanish economy, which is in depression now. In addition, thanks to an ambitious project, Spanish economy will gain 100,000 new jobs.

Hotel complex EuroVegas will be used to accommodate guests of the Olympics in 2020, if the capital of Spain win the right to conduct a sports forum. In the 12 hotels there will be 36,000 rooms, which will help Madrid to compete with other applicants for the Summer Olympic Games XXXII - Tokyo and Istanbul.

Previously, the opening of the complex was scheduled for 2020. Specific terms of the beginning of works is not yet known. Construction is expected to begin in late 2013. Earlier ee24.ru portal reported that the first part of the complex, which consists of 3,000 hotel rooms and more gaming establishments will open in 2017.

Curiously, the Spaniards are not too happy with the plans of large-scale construction in the suburbs of Madrid. When the public became aware of EuroVegas, there was a protest on Madrid's Puerta del Sol. People are still worried about the lack of transparency in the project, and the declared number of jobs causes mistrust. Skeptics believe that the entertainment complex EuroVegas will lead to increase in crime and prostitution.
Photo: Las Vegas Sands