Georgia COAM Class B Master License Auction
Online Auction
Bidding Opens Monday, June 5th at 2PM
Bidding Closes Wednesday, June 7th at 2PM
Dear Bidders:
On behalf of Lucky Fortune, we will offer by online auction ending on Wednesday, June 7th, 2023 at 2PM:
- The Class B Master License Number 17007 held by Lucky Fortune, LLC ( the “ Master License”).
Interested bidders will be required to pre-qualify prior to the auction date to participate. Pre-qualification packets, terms and conditions of the auction, requirements to bid and forms will be available here to be downloaded.
The assets will be sold by online auction. The Seller, in his sole discretion, reserves the right to accept or reject any winning bid or bids. Only the Class B COAM Master License will be offered in this auction. No ownership interest in the Lucky Fortune, LLC entity is being conveyed.
Timeline:
Description | Dates* |
Online Bidding Opens | Monday, June 5th, 2023 at 2:00 PM |
Online Auction Closes | Wednesday, June 7th, 2023 at 2:00 PM** |
10% Down Payment & Signed Contract Due | Friday, June 9th, 2023 by 2:00 PM |
Letter of Credit for Remaining Balance, GLC Application & GLC Fees Due | Friday, June 16th, 2023 by 2:00 PM |
*The Seller reserves the right to make changes to dates, terms, bidding process etc. at any time.
**Bidding begins closing at 2:00 PM with a 5-minute auto extend feature. See Exhibit E for details.
***All bids will be open to acceptance until Wednesday, June 14th, 2023 at 5:00 PM.
All questions regarding the Auction should be directed to Bo Benton at coamauction@gmail.com or 478-731-9200. All pre-qualification documents should delivered, mailed or emailed to:
L.W. Benton Company, Inc
107 Oak Valley Drive
Macon, GA 31217
coamauction@gmail.com
PLEASE NOTE: The Georgia Lottery Corporation (GLC) is not associated with this auction. If you have any questions about the COAM law or rules, please contact the COAM helpline at 1-800-746-8546. Any questions pertaining to this Auction should be directed to Bo Benton at L.W. Benton Company (Auction Company) at 478-731-9200.
HOW DO I REGISTER TO BID?
Step 1:
Download the Auction Information & Pre-Qualification Forms
Step 2:
Complete the following forms found in the information packet:
Pre-Qualification Auction Participation Form (Exhibit A)
Proof of Funds Letter (Exhibit B) or letter of credit acceptable to the Seller
Step 3:
Submit the forms
Email to:
coamauction@gmail.com
Step 4:
Arrange Payment of Registration Deposit:
Wire Transfer
Step 5:
Approval
Once the pre-qualification forms and registration deposit has been received and approved, the bidder will be emailed a username and password to the email listed on the pre-qualification form and will be ready to bid online. Bidding opens Monday, June 5th at 2PM and begin closing on Wednesday, June 7th at 2PM. It is encouraged to get your forms in as soon as possible to allow time to request any additional information that may be necessary before approving the registration.
L.W. Benton Company, Inc.
107 Oak Valley Drive
Macon, GA 31217
478-744-0027
bo@bidderone.com
PLEASE NOTE: The Georgia Lottery Corporation (GLC) is not associated with this auction. If you have any questions about the COAM law or rules, please contact the COAM helpline at 1-800-746-8546. Any questions pertaining to this Auction should be directed to Bo Benton at L.W. Benton Company (Auction Company) at 478-731-9200.