Necochea proposes casino complex auction with 4.878bn-peso reserve price
Necochea's municipal executive presented a draft ordinance proposing a public auction of the Casino Complex, with a reserve price of 4.878 billion pesos. The sale requires legislative approval; if approved, the municipality would arrange for an auctioneer to be selected by public draw. The winning bidder would have to ensure gambling activities are incorporated, coordinating with Buenos Aires province's lottery authority or an existing concessionaire.
The proposal could change ownership of the municipal casino complex and requires its buyer to provide for gambling activity.