World

Mega casino projects that failed in Spain

Published

4 years ago

April 22, 2020

Beautiful casino megaprojects such as the Kingdom of Don Quixote, Gran Scala, and Eurovegas never saw the light of day in Spain. Barcelona World casino, on the other hand, supports a thread of hope that is becoming increasingly fragile. Why? There are no specific reasons for such fiasco, but there are some similar business strategies that could lead to bankruptcy. Another reason that may have affected the giants is a decline in interest among people to visit gambling establishments since online gambling clubs always at hand. For example, you can play top gambling games just by clicking on this link – www.casinonic.com/en-AU/games/top. Anyway, let’s take a look at each casino separately.

Kingdom of Don Quixote project in Ciudad Real

The Kingdom of Don Quixote project was presented in 2005. This casino was supposed to have an area of 10,000 square meters, a luxury hotel, a theater for 3,000 spectators, a golf course, 7,000 rooms, and 7,000 permanent jobs. For seasonal work should have involved 11,000 workers. This casino received funding from the gaming giant Caesars, which was supposed to operate the casino under the Harrah’s brand. That would be Las Vegas in Ciudad Real.

Negotiations are at an impasse and deadlines have not been met. On December 1, 2011, a meeting of shareholders declared bankruptcy. Caesars said it lost $ 27.1 million on this project.

The Don Quixote project has always been associated with another fiasco – Don Quixote Airport. The total debt amounted to 200 million euros. Sergio Alvarez, president of the Board of Shareholders, then told the local newspaper La Tribuna de Ciudad Real that his goal was to attract investors, seek funding and promote the project.

Gran Scala project between Zaragoza and Huesca

In December 2007, the government of Aragon introduced the Gran Scala project. The promotion company was International Leisure Development (ILD), which promised 32 casinos, seven theme parks, hotels for 25,000 guests, 250 stores, 26,000 direct jobs and nearly 65,000 seasonal. In total, investments amounted to 17,000 million euros.

The place chosen for the development of the Grand Scale project was the Monegros Desert, located between Zaragoza and Huesca. To implement this project, 4,000 hectares of land was needed.

Due to such a large amount of land, plots were acquired from private individuals. The conditions were as follows: owners received from 4 to 10% advance payment. If the investor did not pay the balance until February 2012, then the land was returned to the owners. And so, it happened. International Leisure Development did not pay the balance and the project itself remained only on paper.

Eurovegas Project in Madrid

In 2010, Las Vegas Sands began to be interested in opening a mega-casino complex in Europe. The owner of this company is billionaire Sheldon Adelson. The location of the future casino was considered either in Barcelona or in Madrid. Adelson said that it was Spain that was most suitable for hosting his “Gambling Eden”. He planned investment of 18 million euros. 250,000 thousand permanent and seasonal jobs, 12 hotels and restaurants with the ability to serve 50,000 people, several golf courses and 6 casinos with a large area.

Two years later, it was decided that the casino will be located in the capital of Spain. Three options were considered: Paracuellos del Jarama, Valdecarros and Alcorcon. The latter was chosen as the location.

Everything seemed to go smoothly, but delays, changes in the initial numbers, and requests for changes in laws began to appear. So, until 2013, after the resignation of Esperance Aguirre, the project fell apart.

So why these megaprojects closed?

The main groups opposed to the implementation of casino megaprojects were left-wing parties, environmental associations, and organizations against gambling. And the arguments are as follows:

Environmental Impact: This is a model that is contrary to sustainable development.
Gambling-based economic specialization.
Increase negative values.
The emergence of a marginal environment: drugs, mafia, and prostitution.
Low skilled labor.
Changes in laws: projects required changes in the law to meet the interests of the investor. For example, the government of Aragon approved the law on recreation centers of large capacity. For Eurovegas, it was necessary to amend the Tobacco Act, and in the case of Barcelona Word, a tax reduction was approved.

World

Creating Better Hiring Practices: How KENTECH Can Improve New Employees

Published

4 days ago

September 15, 2024

Rosario Farell

Although some may think background checks are only necessary for high-security jobs like government positions or teaching roles, most employers could benefit from the additional insights that a background check provides. In addition to providing information about an applicant’s criminal history, employers can use background checks to understand their abbreviated credit history or confirm information like employment, educational, and licensure history.

Why background checks are important

Unfortunately, while one would like always to assume the best, the truth is that not everyone is telling the truth. A study by SHRM found that 31% of people admitted to lying on resumes, while 56% admitted to “stretching the truth.”

This statistic makes it abundantly clear that business leaders must not feel comfortable simply trusting prospective employees’ applications at face value. It’s better to be safe than sorry, so a background check is used to confirm important information about an applicant and help make a better, more informed hiring decision.

At KENTECH, a leading background check technology provider, the team likes to say that they help their clients hire “not just the best person, but the right person.” After all, the cost of hiring and onboarding a new employee is extensive. Indeed reports that these costs can range from $4,000 to $20,000 per new employee.

If a hiring decision is made, only for that person to not perform well in the role and have to be let go shortly after, that’s a lot of money wasted. It’s better to make sure that you are making the right decision from the beginning.

KENTECH’s revolutionary background check technology

Some of KENTECH’s cutting-edge background check technology solutions include:

● Employment Verification Program (EVP): KENTECH’s Employment Verification Program is a web-based service designed to help streamline the background check process for employers. It gives employers one location through which they can manage the entire process from start to finish. Users can order background checks and verifications and easily manage documents — all from a single, convenient dashboard.

● Report Investigative Scoring Count (RISC): KENTECH’s RISC system helps organizations quickly interpret screening results at a glance. An organization can set up the criteria that matter most to them for screenings, and each background check will be labeled with a color code corresponding to the criteria set by the business. This provides employers with a visual cue for what applications may require closer scrutiny and helps identify which candidates may be most qualified.

● Rapid Application Center (RAC): KENTECH’s Rapid Application Center technology allows applicants to input their information and order background checks themselves. This saves hiring teams time with minimal burden to the applicant. An applicant signs onto a custom-built website and enters their information so administrative staff don’t have to. Administrators then receive email notifications when a candidate posts their information and when results are returned, allowing them to sign on at their convenience to view them.

● Unified Bulk Screening (UBS): For businesses that screen a high volume of candidates, KENTECH also offers a solution called Unified Bulk Screening (UBS). Once business leaders sign into their EVP account and import a list of candidates and their required information, they can see up-to-the-minute results in their portal or opt to receive a consolidated report that displays all results at once.

However, although the primary audience of these developments is the business and its leaders, there are also some significant benefits to the candidate experience. If a background check feels obstructive and frustrating to an applicant, they may form a negative first impression of the business or even give up. The KENTECH team designed their technology to be easy to use, often able to be integrated into the application and HR management system to make the process as seamless and intuitive as possible.

Although background checks might seem like an extreme step for the average employer, with the help of technology like that offered by KENTECH, it doesn’t have to be. KENTECH’s advanced background check technology helps streamline the process, allowing employers to get better insight into their prospective employees without significantly burdening themselves or their applicants. With this, background checks can become a standard, beneficial step in virtually every job application.