Would relaxing all restrictions work in Tenerife, as it does in Las Vegas?

[Red Devil]

I wasnt particularly comparing Tenerife and the rest of the world to Las Vegas as such, investment wise.
We in Europe (particularly the UK) seem programmed to make petty rules about everything-personally I thought the "no rules" mindset was brilliant.

[TF1]

There's a "Vegas Style" mega-casino project currently being constructed near to Madrid, it will be interesting to see how long it takes the Russian, Chinese and Romanian gangs to control the area.
The Canaries have their own tax-free zone for commercial and industrial investment, the Z.E.C. The area is also accepting IT based companies within its portfolio of lower tax band activities. This has, up to now, failed because multinationals are not comfortable investing in areas with poor infrastructure (slow, unreliable internet, electricity supply unstable, etc).