A hard rock-themed casino resort is proposed for Spain.
The government of Catalonia has given permission to the famed Hard Rock company located in Florida to construct a lavish casino-hotel complex in the tourist area of Vila-seca. Hard Rock is putting in around 2 billion euros for this project, which is predicted to take 5 years to complete.
Following many months of delays, the authorities of Catalonia have finally given the operators of the well-known Hard Rock Cafes the go-ahead to establish a massive casino resort in northeastern Spain. This entertainment complex will be approximately 110 kilometers from the mega-city of Barcelona in the province of Tarragona, in the south of the autonomous region of Catalonia, and will consequently be dubbed "Hard Rock Hotel & Casino Tarragona."
On a property measuring 745,000 square meters, the first phase of construction will involve the development of two hotels with a combined total of 1,100 rooms, as well as a gaming area with 1,200 slot machines and over 100 gaming tables. The complex will also offer a shopping center featuring 75 stores, a concert and theater hall capable of accommodating 15,000 spectators, and a swimming pool area measuring 6,000 square meters. Unsurprisingly, there will also be a Hard Rock Cafe. More specifics are anticipated in the coming weeks.
Because of the building license, the Hard Rock group is obligated to deposit a security sum of 10 million euros, per Spanish law. Additionally, the group has already allotted a budget of 700 million euros for the first phase of development, per the law, which requires it to be implemented within the following 3 years.
It is predicted that the entertainment complex will launch in 2023 and become one of Europe's largest land-based casino resorts. Hard Rock International anticipates earning more than 1.3 billion euros annually.
Competition for the European Market
The Hard Rock Group - which already owns a number of casinos in the US, but is primarily renowned for its more than 170 Hard Rock Cafes in over 50 countries - was not the sole US company vying for the Vila-seca location. Two other major American casino firms, "Las Vegas Sands" and "Cordish" from Baltimore, also contended for the tourist hub of Catalonia, but were defeated due to the stringent demands from the local authorities.
Jim Allen, President and CEO of Hard Rock International, is clearly elated and proud following their victory in the race for the building permit:
"For many years, the biggest gaming companies in the world have been striving to capitalize on the opportunity to create an integrated complex in Europe. We're proud that Hard Rock has been chosen for this, providing us with the chance to introduce our top-tier entertainment brand to the region."
According to Hard Rock experts, the endeavor will eventually create 11,500 new positions. It is estimated that 2,176 full-time jobs will be necessary just in the initial years of construction.
A Barcelona-based subsidiary named "Hard Rock BCN IR, SAU" will now be in charge of overseeing all construction work and operating the complex from 2023 onwards, directly from Barcelona's capital.
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