Spaniards have been out in the streets to protest stinging government budget cuts. Spain’s unemployment is 25 percent and shows no signs of dropping. The country may be forced to seek a huge European Union bailout.

Against that backdrop, it’s not surprising that a multi-billion dollar resort promising thousands of jobs is generating buzz: both positive and negative.

That’s because it involves casinos.

Las Vegas style with plenty of blackjack tables, poker chips, and one arm bandits to go around.

So can you name this [place in Spain] ...that may soon be transformed into Euro Vegas?

...Surrounding it are thousands of acres of dry scrubland. It’s hard to imagine this spot could one day become Europe’s version of the Las Vegas strip, with all its glitzy casinos and hotels. But that’s the plan. It’s mastermind? America’s 8th richest man according to Forbes Magazine casino magnate Sheldon Adelson, founder of the Las Vegas Sands empire.

Adelson wants to build six casinos, 12 hotels, three golf courses [here]..., a mega project that backers claim will create more than 200,000 jobs...

...The Secretary of Spain’s conservative Popular Party, Maria Dolores de Cospedal, told Spanish TV that any project that brings jobs is welcome...a lot of people agree. Liquor store worker Antonio Banduyas says this town desperately needs a lift.

“I think it’s a good project,” Banduyas said. “It’s going to bring jobs. We’re in a crisis. It’ll pump some life into this place. Businesses are closing all over the place.”

But like casinos everywhere, Euro Vegas has many detractors. A retired widow named Beatriz Pereda overhears Banduyas’s comments and begs enthusiastically to differ.

“Las Vegas has more corruption and prostitution than anywhere else,” Pereda said. “And they want to bring that here?"

Click here to read the entire article and learn exactly where EuroVegas will be built.