Saturday, January 16, 2021

Tag: extremadura

First phase of Extremadura’s Elysium City IR slated for 2023 opening

Extremadura, cora alpha, first phase
Further details have emerged regarding Californian development firm Cora Alpha’s multi-billion euro IR project in Extremadura. The US-based company, fronted by John Cora, a former Disney executive with an extensive background in theme park operations and resort development, is looking to build a mega-resort dubbed Elysium City in the comarca of La Siberia in Badajoz province. On 17 December, it was...

Cora Alpha plans to create $13.5bn IR in Extremadura

Cora Alpha, Extremadura, spain, development
Headed by former Disney executive John Cora, American developer Cora Alpha has announced plans for an integrated resort in the comarca of La Siberia in Badajoz province. Extremadura looks set to finally see the fruit of new legislation which opened the door for the creation of integrated resorts in the region, as a US-based company confirmed it aims to built...

New rumours of large-scale casino project in Extramadura

Extremadura, new investor
Earlier this year, the local government in Extremadura passed a new bill which opened the door for the creation of integrated resorts in the autonomous community. On 28 August, the Official Bulletin for Extremadura published the text of Ley 7/2018 or the Extremaduran Law for Large Leisure Complexes (Ley Extremeña de Grandes Instalaciones de Ocio or Legio). “The law defines a...

Extremadura passes new IR law but lacks investors

ICR 192 EUROPE EXTREMADURA
Extremadura has passed a new law allowing for the creation of integrated resorts, but the autonomous community now lacks investors after a major development project failed to pan out. The local government in Extremadura has passed a new bill which opens the door for the creation of integrated resorts in the autonomous community, but at present, the region lacks any...

Fempex lends its backing to Extremaduran IR bill

Extremadura
The Extremaduran Federation of Municipalities and Provinces (Fempex) has lent its backing to a new bill which could open the door for the creation of integrated resorts in the autonomous community. Speaking before Commission of Economy, Infrastructure, Tourism, Industry, and Energy, Francisco Buenavista, president of Fempex stated that the Extremaduran Law for Large Leisure Complexes (Ley Extremeña de Grandes Instalaciones...

Triple Five Group opts for Andalusia over Extremadura for Spanish IR project

ICR 190 EUROPE TRIPLEFIVEGROUP
A representative for Triple Five said that the previous site for the groups Spanish IR project in Castilblanco in Badajoz province “wasn't the right location”, prompting the company to look to neighbouring Andalusia. While Canada-based Triple Five Group had previously proposed an integrated resort development in Extremadura, it now appears that the company is considering situating the project in neighbouring...

More details emerge of EuroDreamResort IR project in Badajoz

ICR 189 EUROPE EXTREMADURA
Legislators suggest that a new bill allowing for the creation of integrated resorts in Extremadura could be passed before 2019, while further details have emerged regarding a proposed casino resort project in Badajoz province, dubbed EuroDreamResort. A new bill which could open the door for the creation of integrated resorts in the autonomous community of Extremadura in the southwest of...

IR bill moves forward in Extremadura

Extremadura
The Council of State has ruled that a new bill which could allow for the creation of integrated resort complexes is “in accordance” with the Constitution, paving the way for the legislation to be presented to the regional Parliament. In Extremadura, a new bill which could allow for the creation of integrated resort complexes in the autonomous community has cleared...

Extremadura Socialist Party throw backing behind future resort

Extremadura
The Spanish Socialist Workers’ Party (PSOE) has lent its backing to a new bill which would allow the creation of integrated resorts in the Southwestern autonomous community of Extremadura. The proposal would create a legal framework which would allow for the construction of large tourist resort complexes, which could include casinos, bingo halls and slot parlours. If the bill finds support...

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