First, it proclaims that
the casino goes (s) sold, or rather, given in concession
to a private company for 30 years, arguing that it is a
loss. But the casino is not currently at a loss : it is
clear from the recent budget data, which provide a
potential revenue, gross of tax but retains the common,
of 59 million euros for 2011 and 36 million by 2012. The
so-called "leakage" of the Casino were caused by the
fact that the City withdrew from the Casino most of what
he perceived, that is higher than the actual earnings
figures. So the City has not only indebted to the
Casino, but it also wants to sell off just because it is
in debt ! What a nerve! Before contradiction of this
controversial operation!
Consider then that the € 36 million that the casino
could have provided this year are low. Sell an
investment when its value is at a minimum is always
recommended. Well, you might think that the return of
the casino could further deteriorate. But no, because it
is the municipality itself, even to the mouth of the
company in charge of estimating the sale transaction,
which predicts that the market will bounce back! So why
sell the casino right now that is the worst time Another
contradiction!
As just mentioned, before handing the management of the
Casino, the City has done to estimate the value of the
transaction by a authoritative company that specializes
in this type of assessment (a so-called " advisor ").
The City Council, however, had already decided to
figures from the auction and asked the advisor to
perform only an estimate of what could make the
operation of the private sale with those digits.
Consequently, the estimate produced results that were
comfortable to our directors, namely, that if the casino
is given in concession for little money the City
receives little money anyway. But the city
administration has not asked to make a comparison
between the case of the sale of the Casino and that of
maintaining the status quo . Only this comparison would
make everyone understand if the sale transaction is
convenient for real.