"Codemig informs that it was only contacted by foreign investors interested in using the Administrative City of the State of Minas Gerais and emphasizes that it did not propose the use of the space for other purposes. The Company notes that the complex of buildings was transferred to the State, which is responsible for managing its property, plant and equipment.
The Government of Minas Gerais confirms the intention of the Administrative City to integrate a real estate fund capable of profitable use for the State, keeping property under its control, avoiding the risk of privatization and guaranteeing income that can bring resources to the State coffers.
Codemig considers that the demand of foreign investors could be positive if the legislation under discussion allows the reactivation of the casinos. There are many entrepreneurs who take for granted the approval of the gaming law in Brazil and even cite the Federal Government's willingness to release a provisional measure on the topic.
The interest of the Government of Minas Gerais is that the state's mineral reserves should not be adversely affected by the eventual opening of casinos considering that, if the legislation favors only the big resorts in the Las Vegas style, Minas Gerais would suffer a great loss. As in neighboring countries, like Uruguay, the opening of casinos could further boost tourism in Minas Gerais and bring development to the state.
Therefore, Codemig supports the regulation of gaming, which would allow the resumption of tourist flow to the hydromineral resorts. Finally, we point out that the management of the complex of the Administrative City is in charge of the Secretary of State for Planning and General Coordination. "
Codemig Press Office
The Minas Gerais Economic Development Company (Codemig) is a public corporation incorporated in the form of a Corporation and controlled by the State of Minas Gerais. Codemig knows the riches resources of Minas well. Its performance is increasingly focused on the fact that these resources can generate new investment opportunities, increase competitiveness and provide good business for the mining sector.
