Major project

Spain: Cordish proposes new Eurovegas project in Madrid

Reading time 1:31 min

Multinational company Cordish said that it has its eyes set on Madrid, where it seeks to build one of the most important casino projects in the world. The place chosen for this project is Torres de Alameda, where the firm plans to build several casinos and gambling halls, as well as leisure areas such as restaurants, cinemas, and shopping malls.

If Cordish succeeds in carrying out this project, the company would be able to gain ground on the European continent and enter the booming Spanish market.

Carlos Sáez, mayor of Torres de Alameda, assured that the multinational is "in love" with this town, and estimates that the completion of the project would not only boost the local economy, but it would also create more than 56,000 jobs.

The mayor is not satisfied with just installing a large gaming area, instead, he seeks to turn the enclave into a place of reference for activities, congresses, and conventions at a national and international level. This would undoubtedly represent direct competition to facilities that so far carry out this type of event, such as IFEMA.

Everything depends on what the community of Madrid decides in the coming months. The first project known as Eurovegas was rejected for unusual reasons, such as the fact of thinking that this type of enclave was more typical of America than of Europe and that it was necessary to make an effort to promote the Spanish culture instead of the American one. That is why, this time, the "largest flamenco tablao in the world" has been included in the project.

Cordish sent a proposal to the Community of Madrid, and several politicians echoed the information. Aguirre was the mayor who rejected the Eurovegas proposal in 2012, and nine years later, it will be Ayuso and her party who will decide whether, this time, one of the most important projects of the last few years will see the light of day.

It is still too early to know what the decision of the community of Madrid will be. What is clear is that the news has already spread throughout Spain, and only time will tell if a project that could drastically lower unemployment rates in the community of Madrid, and provide employment to thousands of citizens, will come to fruition.

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