New Casino complex to be built in Spain

Las Vegas-based Harrah's Entertainment will join forces with El Reino to build to a casino complex near Madrid in Spain. The 29-acre complex will include a luxurious hotel, a spa, several restaurants and bars, a conference center and a large theater. Construction will begin sometime next year and its completion is scheduled for 2008.

El Reino will own 40 percent of the casino complex and invest over 500 million euros. Harrah's will own the other 60 percent and promises that the complex will have a Las Vegas look to it.

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