Harrah’s, the world’s largest casino entertainment company, based in Las Vegas, projects to open a massive resort in Spain. It should have opened one also in the Bahamas, but than it lost its interest, now it concentrates itself just on Spain.

This resort will be Spain’s first large scale casino resort. It’ll be a part of the El Reino development about 120 miles south of Madrid. This big project will include also hotels, golf courses, spas and entertainment complexes. The initial investment in this project was about $ 670 million from both sides Harrah’s and its partner the El Reino. The top of this project will be a big layer of restaurants, bars and lounges. Both partners waited long for the Spanish government agreement to realize the project.

Harrah’s reported a big loss last year and there are still bills to pay.
The US analysts in the Bahamas are still supposing what the company is going to decide.
In the United States the tourism is in recession, while in Europe it’s increasing and that’s why the economic environment is more stable in Europe and it’s more convenient to invest there.

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