Necochea Prepares Public Auction of Former Casino Theatre
Argentina.- 16 July 2026 www.zonadeazar.com The Municipality of Necochea is preparing the public auction of the former Auditorium Theatre, the last remaining asset of the historic Casino Complex. The sale will proceed once Banco Provincia completes the official valuation required to establish the auction date.
News Details
Municipal legal officials are finalising the documentation requested by Banco Provincia to complete the appraisal. Once the valuation is finished, a public auctioneer will be appointed by lottery and the registration process for potential bidders will begin.
The sale represents the final stage of the Casino Complex disposal process after the remainder of the property was sold on 10 June to A Toda Vela Mar S.A., owned by businessman Ă“scar Merlo, for ARS 4.878 billion.
Under the municipal ordinance authorising the transaction, any qualified investor may participate in the auction, including the purchaser of the rest of the complex. Merlo has already indicated that he may submit a bid for the former theatre.
Industry Context
The redevelopment of the Necochea Casino Complex is one of the most significant urban renewal projects in Buenos Aires Province. The initiative seeks to attract private investment while maintaining casino operations through a strategic partnership with Casino Victoria, the current operator of the Entre RĂos gaming venue.
Next Steps or Impact
Following completion of the official appraisal, the municipality will announce the auction date, appoint the public auctioneer and open bidder registration. The sale of the former Auditorium Theatre will complete the disposal process of the historic Casino Complex.
Edited by: @_fonta
