If the deal does go through, Sands will invest 16.9 billion euros over the next 13 years to build a complex featuring hotels, casinos, theaters, a golf course and dozens of restaurants. Sebastian said it would create about 50,000 jobs within the complex and another 160,000 jobs throughout the process. It could be a well-needed boost for Spain’s core industry–construction.

The mini-Vegas would be be built in the suburb of Valdebebas near Madrid’s Barajas Airport. Valdebebas is about eight kilometers (nearly five miles) from the business district in the north of Madrid. The Valdebebas Woodland Park is a neighborhood currently being constructed to house 40,000 people in about 12,500 apartments. It is also home to the Real Madrid Club de Fútbol training facilities.

The Spanish and gambling

Some may ask why Madrid, and not Paris, London, Berlin or another larger European city, was chosen for the next Vegas. Simply put, the Spanish are infamous gamblers. You cannot walk into a “cervecería” or “cafeteria”–local bar or coffee shop–without see the flashing lights of one or two slot machines. Every neighborhood has one or more small casino filled with the slots, horse racing screens and bingo halls. And there is no denying the lottery is a way of life in Spain.

The PortAventura theme park in Spain is investing €20 million (£17.3 million) in the construction of the tallest and fastest rollercoaster in Europe.

Dubbed a 'hypercoaster', the ride, which does not yet have an official name, will reach a height of 76 metres and travel at speeds of up to 134km per hour.

It will also feature the largest drop in Europe of 78 metres.

I get my stuff from various sites (eg economista, expansion), aggregators and twitter links.

Eurofund is already the owner of two other commercial parks in Spain and says the new project next to the CV-35 road, opposite Heron City will be called Puerto Ademuz.

The British fund has been planning the centre for some nine months, and CEO of Eurofund in Spain, Ian Sandford, said they already had agreements with many of the businesses.