Concord Casino Lawsuit: How Theft Charges Could Impact Their Casino License

The recent unfolding of events at New Hampshire’s Concord Casino has raised serious questions regarding the integrity required to hold a legitimate casino license. The establishment, officially known as Win Win Win, is now embroiled in a major lawsuit following allegations of deception that threaten its standing as a regulated operator. Attorney General John M. Formella has formally filed charges against the entity, linking its actions to theft by deception and unauthorized taking, a legal crisis that highlights the strict compliance standards every casino license must uphold.

This latest scandal follows the arrest of casino owner Andy Sanborn, who faces similar charges and is set to appear in Merrimack County Superior Court shortly.

Details of the Allegations

According to reports from New Hampshire Public Radio, authorities claim that the casino exaggerated its losses, which resulted in an improper gain of $188,474 from state funds. The investigation highlights discrepancies in the casino’s documentation, specifically regarding when it commenced operations.

If convicted, the casino could face severe repercussions, including a decade-long inability to secure a gaming license, which would substantially impact its potential sale to interested buyers.

Concerns Over the Casino’s Future

Sanborn’s attorney, Zachary Hafer, has accused the state of attempting to thwart a sale of the casino, asserting that the charges against Win Win Win are misplaced. He stated, “There is only one reason to charge Win Win Win: to block a sale that would benefit taxpayers and charities.” This sentiment reflects the concerns among the local community regarding the implications of these legal battles.

Previous Investigations and Findings

Prior to the current allegations, the Attorney General’s office had conducted an investigation that found Sanborn failed to disclose the casino’s operational status when applying for pandemic relief loans. This resulted in approximately $844,000 in loans, which were not available to casinos. Sanborn allegedly misappropriated federal funds for personal purchases, including luxury vehicles.

Although no charges were explicitly filed from that inquiry, the New Hampshire Lottery Commission responded sharply by suspending the casino’s gaming license and mandating its closure. State officials continually urge Sanborn to expedite the sale of Concord Casino, although he has sought multiple extensions to finalize this transaction.

Future Developments

In a bid to expand his business, Sanborn is also in the process of launching a second casino in Concord, planned to be a sprawling 43,000-square-foot establishment. However, this initiative encounters legal challenges from local residents like Kassey Cameron, who assert that the project contravenes local zoning laws.

The court proceedings regarding this new casino are presently ongoing, with the New Hampshire Supreme Court set to evaluate the issues surrounding its approval.

Conclusion

The ongoing legal troubles faced by Concord Casino signify a crucial moment in the New Hampshire gaming landscape. As allegations of theft surface and the state’s actions against the casino unfold, the community watches closely, anticipating the effects these developments could have on local jobs and economic health.