Embattled New Hampshire casino owner wants more time to sell
Regulation · 2024-09-06

Embattled New Hampshire casino owner wants more time to sell

Andy Sanborn is seeking a second extension of the state’s Sept. 30 deadline to sell his casino, this time alleging the state is purposely delaying its required review of the buyer in order to thwart the sale.

The extension request could leave Sanborn’s casino in limbo for months.

Sanborn’s attorneys have asked that the deadline be set for 15 days after the state completes a suitability review and determine whether it will approve the new buyer for a license. That review could take months.

In a filing Thursday, Sanborn’s attorneys said Sanborn has a signed 75-page purchase and sale agreement with a buyer and intends to use some of the sale proceeds to pay off nearly $844,000 in federal pandemic loans the state alleges he lied to get and then spent fraudulently.

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