A judge has again given Andy Sanborn at least 50 more days to sell Concord Casino, a significant win, saying the additional time would cause little harm to the state and undoubtedly benefit public education and the charities that rely on casino revenue.
Had Administrative Law Judge Gregory Albert decided otherwise and Sanborn failed to sell by the state’s Sept. 30 deadline, the casino would have lost its gaming license, its only asset, for two years and been virtually worthless. Nearly 30 charities shared about $170,000 last year in revenue from Concord Casino before the state shut it down in December.
The ruling does not mention and does not impact the state’s criminal investigation into Sanborn and the casino for alleged pandemic fraud, which led to the casino’s forced closure and sale. No charges have been filed.
