Mexico's tax authority will auction a majority stake in the company that holds the operating permit for 65 casinos and the Hipódromo de las Américas racetrack.
The shares were seized from operator Codere over unpaid federal tax debts.
The Servicio de Administración Tributaria (SAT) said the sale covers shares of Impulsora de Centros de Entretenimiento de las Américas (ICELA), the parent company of Administradora Mexicana de Hipódromo (AMHI), which holds the permit for the racetrack and casino network.
Bidding opens to the public on August 11 and closes on August 18.
Codere owns 84.8% of ICELA, with the remainder held by Corporación Interamericana de Entretenimiento (CIE), which transferred control of the racetrack and casinos to Codere in 2012. SAT will auction 97.6% of Codere's 652,477,000 ICELA shares to the highest bidders.
The process includes one auction for a 50.8% stake valued at MXN625m, with a minimum bid of MXN417m to participate. A separate set of 93 auctions will offer the remaining 46.7% of shares in smaller lots, with minimum bids ranging from MXN6,667 to MXN10m, a structure that could attract a broader pool of bidders.
The combined value of the shares up for auction is MXN1.168bn, against minimum bids totaling MXN800m.
The seizure follows a series of tax disputes between Codere and Mexican authorities. Mexico's Supreme Court upheld a MXN1.272bn federal tax claim against the company in 2025.
Separately, Codere has contested another MXN578m federal tax assessment, while the state of Nuevo León has pursued additional local betting tax claims.
SAT's auction listing includes Centro Banamex and Granja las Américas among ICELA's assets, and bidding closes on August 18
