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Billionaire eyes Athens for investment

A recent article in Bloomberg shows that among cities being eyed for investment by billionaire casino tycoon Sheldon Adelson is Athens.

According to Bloomeberg billionaire Sheldon Adelson said he is “considering building individual integrated resorts in major European cities,” among which Athens.

Adelson also mentioned Madrid, Barcelona, Rome, Milan, and Paris as possible sites for new resorts, adding that only cities with tourism infrastructure, including hotels, restaurants, transportation and exhibition facilities, would be considered.

The self-made billionaire (11th on Forbes billionaire list) has sought assurances that tax rates and other conditions wouldn’t be changed by future governments, a reason why a 30 billion euro investment deal in Spain soured.

He is the chairman and CEO of the Las Vegas Sands Corporation, the world’s largest casino operator, and the parent company of Venetian Macao Limited which operates the Venetian resort Hotel Casino and the Sands Expo and Convention center, as well as the Israeli daily newspaper Israel Ha Yom. He is a life-long donor and philanthropist to a variety of causes, and has founded with his wife's initiative the Adelson Foundation.

Adelson has sparked controversies over his switching political allegiances to the Republican party and his off-the-cuff comments and has spent millions to support pro-Israeli and anti-Iranian positions and lobby groups.

The latest tax cuts, benefited Adelson by about $2 billion.