In the face of continuous judicial scrutiny and regulatory pressure, former state senator Andy Sanborn of New Hampshire was granted a short reprieve by receiving an extension to sell his Concord Casino. Notwithstanding the state’s reservations, Judge Gregory Albert’s ruling gives Sanborn further time to complete the deal.
Judge Albert sparked a discussion about accountability when he gave Sanborn more time to sell his casino. The extension was viewed as a means of keeping up charitable organizations and public schools that receive revenue from casinos. Judge Albert stressed that charity contributions would be able to continue if the casino was reopened under new management, in spite of the state’s concerns. Prior to its shutdown, the casino gave away almost $170,000 to almost thirty charitable organizations in the previous year.
The state had suspended Sanborn’s gaming license following allegations that he misused $844,000 in federal COVID-19 relief funds for personal luxury purchases, including expensive sports cars. If Sanborn fails to sell by the September 30 deadline, the casino could lose its license for two years, significantly devaluing the business.
Legal Proceedings and Buyer Concerns
Sanborn’s attorneys, Zachary Hafer and Adam Katz, initially requested a direct extension of the deadline. However, Judge Albert stated he lacked the authority to grant one, instead opting to pause his ruling, allowing Sanborn the opportunity to request a rehearing. This pause could extend up to 50 days, depending on further motions, providing Sanborn additional time to secure a sale.
The New Hampshire Lottery Commission is conducting a suitability check on the prospective buyer’s gaming license. While the commission indicated that their background investigation could conclude by the deadline, they made no guarantees. Prospective buyers have expressed hesitation, concerned about the legal issues tied to Sanborn’s past ownership.
Sanborn is facing legal issues due to claims that he embezzled federal monies and spent $182,000 on expensive cars, including a Ferrari that was given to his wife, state representative Laurie Sanborn. To date, Sanborn has not been formally charged in spite of these allegations. The current verdict is an extension of other court rulings, such as Judge Michael King’s suspension of Sanborn’s license last year, which allowed for a sale to be delayed.
Sanborn’s legal team is nevertheless upbeat and applauds the court’s ruling for giving them enough time to finish the deal.
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