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Everyone knows when the sun goes down in Las Vegas, the stars come out. Entertainers, sports heroes, celebrity chefs, powerful businessmen, and politicians can be spotted at nearly any hotel or event.
International businessman Jurgen Krauss will be in Las Vegas to meet with gaming industry leaders, business leaders and to enjoy the amenities and nightlife of the entertainment capital of the world. Krauss, who owns resorts, factories, and office buildings in Spain, Italy, Portugal and Indonesia, is in the process of developing the second largest resort in the Dominican Republic, which he hopes to turn into "Las Vegas in the Caribbean." Some of Krauss' holdings include a penthouse and office building in Napes, a fishing resort (1,000 square meters) inclusive and a private jet, a complete island in Florida totaling 650,000 square meters, a beauty farm with a medical central station in Spain visited by international guests, a marble factory in Portugal specializing in special stones, floor marbles, etc., a furniture store in Indonesia specializing in antique furniture and a private resort in Majorca (2,000 square meters) with a zoo and a helicopter.
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Now that he's obtained a gaming license for the property, Krauss hopes to develop the $225 million dollar resort which already boasts a five-star hotel (Royal Residenz) along with many luxury houses all recently built, a marina for yachts, three golf courses, nearly four miles of beach, and luxury housing into a Caribbean gaming destination.
Herr Krauss and his business associates, Wolfgang Donnebrink (Chief Executive Officer of DABAG /AG, a German Financial Firm with over 6,000 employees) are planning to create a 1.2 billion dollar trust to develop the resort as a gaming property. Krauss, whose properties include the Villa Italia in Majorca, frequented by international VIPs, politicians and entertainers like Tom Cruise, Claudia Schiffer, Elton John and Mick Jagger, is seeking partners in the fund to be launched who can operate the gaming side of the properties.
All negotiations and preparation for the first 250 Million Euro block of equity in the Fund to the development of the project is being handled by Ricercar Holdings /SA, Dabag /AG and Integral Zurich Invest /AG.
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