Sheldon adelson spain casino
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Obama Camp Works to Undercut Sheldon Adelson Venture
Las Vegas Sands is an American-owned corporation — which generates profits and taxes for an American corporation with American shareholders. It is shameful, despicable, and un-American for an American President to skewer Sheldon Adelson, a private citizen because of his political beliefs. If Barack Obama wins, millionaires and billionaires pay their fair share. Surely, Axelrod knew that this letter would end up in the media. Similarly, one would expect President Obama not to oppose American business interests when those businesses and their owners are overseas.
Sheldon Adelson scraps plans for ‘EuroVegas’
Obama campaign warns Spanish socialist party about the "Eurovegas" entrepreneur. It is considered unacceptable etiquette for Americans to criticize the President when they travel overseas. Similarly, one would expect President Obama not to oppose American business interests when those businesses and their owners are overseas. Yet, the Obama administration did so recently — attacking an American business via a socialist foreign political party.
As President Clinton reminded us last week, sometimes the answer is as simple as arithmetic. If Barack Obama wins, millionaires and billionaires pay their fair share. Surely, Axelrod knew that this letter would end up in the media. Unacceptable, un-American — and perhaps a sign of socialist unity between Obama and the Spaniards. Las Vegas Sands is an American-owned corporation — which generates profits and taxes for an American corporation with American shareholders.
He is a proud patriot who is working to create profits for an American company by providing a unique opportunity for a European economy that needs help. It is shameful, despicable, and un-American for an American President to skewer Sheldon Adelson, a private citizen because of his political beliefs. Though I hope I am not sent to the gulag for writing this op-ed. Freedom Center pamphlets now available on Kindle: Click here.
The government in Spain, where unemployment stands at 26 percent, had hoped it might create some , jobs, especially among the young, where unemployment is around 50 percent. But the plan had been fiercely opposed by many who feared the resort would lead to a change in non-smoking laws, promote prostitution and provide only low-paying jobs.
Negotiations over the terms of the deal hit a wall and Las Vegas Sands Corp. It said in a statement that the project was not in line with its immediate development plans, which will be focused on its Asian business.
Initially, Adelson had also assessed Barcelona, on the Mediterranean coast, as a possible location for EuroVegas before opting for Madrid. One obstacle had been that Las Vegas Sands would fund only 35 percent of the complex. Other investors were supposed to make up the rest. Banks are mainly focused on coping with losses from failed construction projects, not embarking on ambitious new investments. The planned multibillion-dollar project was due to have been built in wasteland on the edge of the relatively colorless suburb of Alcorcon, 17 kilometers US billionaire businessman Sheldon Adelson.
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