In September 2012, the American billionaire Sheldon Adelson, head of Las Vegas Sands Corporation, proposed a major investment in Europe after he and his team had been in discussion with governments in Madrid and Barcelona and possibly elsewhere in Europe.
Finally, Las Vegas Sands Corp. announced the town of Alcorcón, in Madrid, had been chosen as the destination for the gambling resort project dubbed EuroVegas (with a 36,000-hotel-room complex, 6 casinos, 3 golf courses, among other facilities). This project also requires many concessions from the public administration (local, regional and national) and the modification of many laws. For instance, Las Vegas Sands has requested that labor laws be relaxed, that rules designed to combat money-laundering be eased, that it be freed from paying Social Security and all taxes for its first two years of its existence and that visa restrictions be lifted for foreign employees. The company has also requested that smoking, which was outlawed in all enclosed public spaces last year, be permitted.
The project has many opponents, ranging from environmental groups, to religious representatives, ex-gamblers associations and more classical social movements. They highlight the economic, environmental and social negative implications of Eurovegas. Environmental concerns include the use of land, water and the waste produced. Some of them, also point out that the project would attract prostitution, crime and money launderers. The opponents have been organising demonstrations, events and workshops to raise awareness on the consequences of the project.
Adelson has chosen Spain because of its weather and high levels of tourism and Leven said that the project would only be cancelled if they failed to reach agreement with various administrations to make the legislative modifications the investment requires.
On 13th December 2013, Las Vegas Sand Corporation announced the cancellation of the project due to a lack of agreement between the company and the Spanish government.