{"id":14640,"date":"2025-12-02T08:30:00","date_gmt":"2025-12-02T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=gambling&#038;p=14640"},"modified":"2025-12-02T07:42:54","modified_gmt":"2025-12-02T12:42:54","slug":"necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation","status":"publish","type":"gambling","link":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/","title":{"rendered":"Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation"},"content":{"rendered":"\n<p>The seaside city of Necochea in Buenos Aires Province is pushing ahead with plans to auction its long-neglected casino complex, proposing a starting price that has ignited political debate over how to value one of the town\u2019s most emblematic \u2014 and decayed \u2014 landmarks.<\/p>\n\n\n\n<p>The local Executive has sent a draft ordinance to the City Council that would authorize a <strong>public auction of the Casino Complex with a base price of ARS 4.878 billion<\/strong>. That figure is based on <strong>75 per cent of a \u201cpotential\u201d valuation<\/strong> prepared by Banco Provincia, which assumes future changes in urban zoning that would allow higher-density developments on the oceanfront land.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"727\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/impactful-accelerate-your-brand-with-mundovideo-ads.jpg\" alt=\"\" class=\"wp-image-14348\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/impactful-accelerate-your-brand-with-mundovideo-ads.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/impactful-accelerate-your-brand-with-mundovideo-ads-300x218.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/impactful-accelerate-your-brand-with-mundovideo-ads-768x558.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\"><\/a><\/p>\n\n\n\n<p>By contrast, the same bank report warns that under <strong>current zoning rules<\/strong> and in its present state of deterioration, the property would be worth around <strong>ARS 3.75 billion<\/strong> and would be \u201cdifficult or nearly impossible to sell\u201d without major investment.<\/p>\n\n\n\n<p>City officials argue that Necochea can no longer afford to keep the site in limbo. The municipality says it is spending <strong>between ARS 10 million and ARS 25 million per month on electricity alone<\/strong>, depending on the season, in addition to staffing costs to guard the abandoned buildings against vandalism. The auction, they contend, is a way to stop the financial bleed and attract private capital for redevelopment.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"880\" height=\"512\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation2.jpg\" alt=\"\" class=\"wp-image-14642\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation2.jpg 880w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation2-300x175.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation2-768x447.jpg 768w\" sizes=\"auto, (max-width: 880px) 100vw, 880px\" \/><\/figure>\n\n\n\n<p>The proposed ordinance specifies that the <strong>Teatro Auditorium will be excluded from this first auction<\/strong>, although it leaves open the possibility of a separate sale or process for that structure in the future.<\/p>\n\n\n\n<p>The project has been reviewed in the Council\u2019s committees on Economic Policy, Infrastructure and Legislation, where officials such as Ernesto Povilaitis and Paula Farami\u00f1\u00e1n have defended the methodology, auction format and payment terms before councillors.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"694\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation3.jpg\" alt=\"\" class=\"wp-image-14641\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation3.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation3-300x208.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation3-768x533.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>Opposition councillors and some neighbourhood groups accuse the administration of pushing a <strong>\u201cfast-track\u201d sale<\/strong> on the basis of an optimistic, hypothetical valuation tied to zoning changes that have yet to be approved at the provincial level. Others question the lack of a broader public debate about the future of a site that once housed <strong>50 gaming tables, bowling lanes, a disco, skating rink, swimming pools and the iconic <\/strong><strong><em>\u201cflying saucer\u201d<\/em><\/strong><strong> auditorium over the dunes<\/strong>, now a symbol of decline on the Atlantic coast. As Necochea weighs whether to cash out of its historic casino, the auction proposal has become a test case for how Argentine coastal cities manage aging gaming infrastructure in an era of budget stress and shifting tourism patterns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The seaside city of Necochea in Buenos Aires Province is pushing ahead with plans to auction its long-neglected casino complex, proposing a starting price that has ignited political debate over how to value one of the town\u2019s most emblematic \u2014 and decayed \u2014 landmarks. The local Executive has sent a draft ordinance to the City [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14643,"menu_order":25,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[4379,57],"class_list":{"0":"post-14640","1":"gambling","2":"type-gambling","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sin-categoria","8":"tag-argentina","9":"tag-casinos","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"The seaside city of Necochea in Buenos Aires Province is pushing ahead with plans to auction its long-neglected casino complex, proposing a starting price that has ignited political debate over how to value one of the town\u2019s most emblematic \u2014 and decayed \u2014 landmarks. The local Executive has sent a draft ordinance to the City [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/\",\"name\":\"Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation.jpg\",\"datePublished\":\"2025-12-02T13:30:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#primaryimage\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation.jpg\",\"contentUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation.jpg\",\"width\":880,\"height\":512},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gambling News\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/\",\"name\":\"Mundo Video Entertainment | Casino News in Latin America and the World\",\"description\":\"Gambling news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation - Mundo Video Entertainment | Casino News in Latin America and the World","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/","og_locale":"en_US","og_type":"article","og_title":"Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation - Mundo Video Entertainment | Casino News in Latin America and the World","og_description":"The seaside city of Necochea in Buenos Aires Province is pushing ahead with plans to auction its long-neglected casino complex, proposing a starting price that has ignited political debate over how to value one of the town\u2019s most emblematic \u2014 and decayed \u2014 landmarks. The local Executive has sent a draft ordinance to the City [&hellip;]","og_url":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/","og_site_name":"Mundo Video Entertainment | Casino News in Latin America and the World","og_image":[{"width":880,"height":512,"url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/","url":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/","name":"Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation - Mundo Video Entertainment | Casino News in Latin America and the World","isPartOf":{"@id":"https:\/\/www.mundovideo.com.co\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#primaryimage"},"image":{"@id":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation.jpg","datePublished":"2025-12-02T13:30:00+00:00","breadcrumb":{"@id":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#primaryimage","url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation.jpg","contentUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/12\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation.jpg","width":880,"height":512},{"@type":"BreadcrumbList","@id":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/necochea-moves-to-auction-crumbling-beachfront-casino-complex-amid-controversy-over-valuation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/www.mundovideo.com.co\/en\/"},{"@type":"ListItem","position":2,"name":"Gambling News","item":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/"},{"@type":"ListItem","position":3,"name":"Necochea moves to auction crumbling beachfront casino complex amid controversy over valuation"}]},{"@type":"WebSite","@id":"https:\/\/www.mundovideo.com.co\/en\/#website","url":"https:\/\/www.mundovideo.com.co\/en\/","name":"Mundo Video Entertainment | Casino News in Latin America and the World","description":"Gambling news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/gambling\/14640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/gambling"}],"about":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/types\/gambling"}],"author":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/comments?post=14640"}],"version-history":[{"count":1,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/gambling\/14640\/revisions"}],"predecessor-version":[{"id":14644,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/gambling\/14640\/revisions\/14644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media\/14643"}],"wp:attachment":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media?parent=14640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/categories?post=14640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/tags?post=14640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}