John Cora has showcased his plans for “Elysium City,” a “smart city” in Spain with casinos, hotels, villas, a shopping mall, a marina, and a sports stadium.
Elysium City would be built in western Spain, at a cost of $3.5 billion, according to Cora. It would be the first sustainable project in Europe to be built from scratch.
Cora believes he can do it all for just $3.5 billion.
However the region is known as “La Siberia” because of its remoteness, so an investment into transport infrastructure would be required.
The region’s government provides reduced taxes and knockdown prices on gambling licensing fees for investments in leisure facilities of at least €1 billion that will generate 2,000 jobs and 3,000 hotel rooms.
Philip Conneller, writing in Casino.org, notes that there will always be opposition to a Vegas-style development in Europe – but he points out: “Cora’s Disney background will stand him in good stead.”