Judge Grants Extension of Sale of Andy Sanborn’s Concord Casino

Judge Gregory Albert ruled that extending the sale of Sanborn’s casino would benefit schools and charities that receive funding from the casino’s revenue, despite state objections. The state temporarily suspended the casino’s license amid allegations that it misused federal pandemic aid, the New Hampshire Bulletin reported.

Sanborn was charged with spending about $844,000 in COVID-19 relief funds on personal items, including expensive sports cars. If Sanborn fails to complete the sale by September 30, the casino will lose its license for two years, significantly reducing its value.

Despite criticism from state regulators, Judge Albert emphasized the importance of completing the sale. He noted that Sanborn is legally entitled to the proceeds from the sale of the casino, and that new management will be able to continue to support charities. Last year, more than 30 charities received about $170,000 from the casino's operations before it closed.

Sanborn's attorneys, Zachary Hafer and Adam Katz, sought an outright extension of the sale deadline, but Judge Albert said he did not have the authority to make that decision. Instead, he stayed his order, giving Sanborn the opportunity to file a motion for reconsideration. If either side files a motion within 15 business days, the stay could be extended to 50 days, giving Sanborn more time to complete the sale.

The New Hampshire Lottery Commission, which is responsible for approving the buyer and his license, said a background check on the buyer could be completed by Sept. 30, but gave no guarantees. Some potential buyers are cautious over concerns about legal issues with the previous owner.

The legal questions come amid allegations that Sanborn misused federal pandemic relief loans. The attorney general’s office said about $182,000 was spent on luxury cars, including a Ferrari Sanborn gave to his wife, state Rep. Lori Sanborn. However, Sanborn has not yet been formally charged.

Judge Albert’s ruling follows previous court rulings. Earlier, Administrative Judge Michael King temporarily suspended the casino’s license, giving Sanborn time to sell it. Albert’s new ruling could extend that deadline until mid-November while the lawsuit continues.

Sanborn's lawyers expressed hope for a successful conclusion of the deal and thanked the court for the additional time.