Here's the concise, value-focused rewrite:

Bettor Investment Group has reportedly made an offer to purchase the troubled Concord Casino in New Hampshire, according to documents from the New Hampshire Lottery Commission cited by the Concord Monitor.

The potential acquisition faces uncertainty following a recent court ruling that allows state officials to proceed with revoking current owner Andy Sanborn's casino license for two years. This license suspension could complicate any potential sale.

Bettor Investment Group has significant experience in the gaming industry, having participated in the financing, design, construction, and opening of several Las Vegas properties, including The Palazzo, The Linq Hotel & Casino, and The Cosmopolitan, as well as the Hard Rock Casino Lake Tahoe.

Full House Resorts Inc., which operates seven gaming properties across five states, has also expressed interest in acquiring the property. The company met with the New Hampshire Lottery Commission in June, with reports suggesting a potential $30 million deal was under consideration.

The sale efforts come amid serious legal troubles for current owner Andy Sanborn. In October, he was arrested for allegedly fraudulent use of COVID-19 relief funds, including:

• Inflating the casino's gross receipts by approximately $1 million
• Improperly using $844,000 in COVID relief loans
• Spending $182,000 on luxury vehicles, including two Porsches and a Ferrari

Administrative Judge Gregory Albert has ruled that state officials can proceed with the license revocation, though Sanborn's lawyers have indicated they will continue fighting in court to facilitate a sale.

Related Articles

Previous Articles