2010-02-08

European Las Vegas planned

- For the past few years in the triangle Slovakia, Austria and Hungary plans a casino project gigantomaniac proportions.

The Upper Austrian real estate group Asamer plans to open in the Hungarian border region a "Euro Vegas", that is, with numerous hotels, shops, casinos and other entertainment offerings to lure customers. The plans for this already exist since 2006, but in the realization there were always problems, because potential partners jumped and there was not unanimous. Now Asamer allegedly found a new, potent investor. Namely, the hard rock group. Hard Rock will all be a term. Which is now owned by the Seminole Indians located group operates the world famous Hard Rock Cafes, and a variety of hotels and casinos. The know-how and capital for such a huge project would be available.

In the first construction phase, approximately 700 million euros will be invested in the project, which is somewhat a lot. Especially when you consider that currently the world complain, many casinos because of the prolonged recession of severe revenue declines.

As clearly raises the question of whether used in the middle of the Hungarian Pampa those resources are and how economically project is truly a monster. It would be interesting to know what capacity is needed to operate profitably.

After all, a failure just around the corner with the Magna Racino a similarly ambitious gambling project that was admittedly much smaller dimensions gigantic. But the planners are such things have naturally thought, finally, we all know that project managers do not make mistakes.

No comments: