Bettor Investment Group Makes Bid for Troubled Concord Casino

Bettor Investment Group Makes Bid for Troubled Concord Casino

By Michael Harrison

December 10, 2024 at 05:25 PM

Bettor Investment Group has reportedly made an offer to purchase the troubled Concord Casino in New Hampshire, according to documents from the New Hampshire Lottery Commission. However, the potential deal faces uncertainty following recent court rulings.

Andy Sanborn smiling

Andy Sanborn smiling

The casino's co-owner, Andy Sanborn, was previously ordered to close and sell the property after an investigation led to his license suspension. While an unnamed entity showed interest in acquiring the property, Administrative Judge Gregory Albert recently ruled that state officials can proceed with revoking Sanborn's casino license for two years, complicating any potential sale.

Bettor Investment Group has a track record in the gaming industry, having participated in financing, designing, and opening several Las Vegas properties including The Palazzo, The Linq Hotel & Casino, and The Cosmopolitan, as well as the Hard Rock Casino Lake Tahoe.

Full House Resorts Inc., which operates seven gaming properties across five states, has also expressed interest in acquiring the property. The company met with the New Hampshire Lottery Commission in June, with reports suggesting a potential $30 million deal was under consideration.

The sale complications come amid legal troubles for Sanborn, who was arrested in October for allegedly fraudulent use of COVID-19 relief funds. He's accused of inflating the

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