NH Regulators Under Fire for Allegedly Blocking Concord Casino Sale Deal
A legal dispute has emerged over the planned sale of Concord Casino in New Hampshire, with owner Andy Sanborn's legal team accusing state authorities of obstructing the transaction.
Man in business suit smiling
Attorney Adam Katz, representing Sanborn, maintains there's a qualified buyer ready to purchase the casino, emphasizing the potential buyer's spotless record. "There is no criticism of the buyer's background, credentials, or record," Katz stated, noting Sanborn's eagerness to complete the sale.
However, Senior Assistant Attorney General Jessica King strongly disputes these claims. She asserts the state has actively cooperated, with the New Hampshire Lottery Commission meeting with the buyer multiple times and maintaining constant communication throughout the process.
The sale became necessary after Sanborn was ordered to divest the charitable gaming property following his license suspension. The situation has grown more complex due to Sanborn's October indictment on state theft charges, allegedly involving the misuse of COVID relief funds. He's accused of inflating revenue figures to obtain approximately $140,000 more than entitled and using $844,000 in relief funds to purchase luxury vehicles, including Porsches and a Ferrari.
The matter is currently under review by Hearing Officer Gregory Albert, with Sanborn receiving extensions to complete the sale. The identity of the potential buyer remains undisclosed, though they have participated in pre-sale meetings and must receive state approval to proceed with the purchase.