Veteran entrepreneur and auctioneer Joel Langer has been tapped to handle the auction of an estimated $200 million in prime Jamaican property on April 29 as the island paradise prepares for the arrival of large-scale casino gaming.
“This is a terrific opportunity for Jamaica and casino developers,” said Langer. “I’m looking forward to assisting casino developers in creating a unique addition to the island’s tourist attractions.”
Langer has more that 35 years’ experience in marketing and auctions, specializing in facilitating the sale of premier assets to a global audience. He has conducted the sale of a $1.75 billion IN debt portfolios for the U.S. Court system, one of the largest live auctions in U.S. history. He was hired to auction the 1968 Shelby prototype convertible, and he once auctioned off a copper mine in Arizona.
He created International Real Estate Auctions to bring the concept of global bidding to a live audience. His firm sold prime assets across the world, including the auction of a Caribbean island, a $10 million Italian villa and a Jamaican golf course.
In 2006, he created the Chicago Debt Exchange, a live trading auction of debt portfolios where millions of dollars are bought and sold from commercial and consumer portfolios to public traded companies.
Langer has helped to raise more than $15 million for many worthwhile causes. He was selected to be the live auctioneer for the Garth Brooks Charity Gala in Dallas, which raised more than $300,000 for Teammates for Kids. He raised money for charities supported by Mike Ditka, football Hall of Fame member and Super Bowl winner, and he has worked with actor Harrison Ford and actress Shirley MacLaine.
“In Jamaica, we’ve picked properties that will appeal to gaming tourists and their families,” said Langer. “Jamaica is already a well-known tourist paradise, and the addition of casino gaming will simply add to the island’s luster.