Harmony On line casino has but to be acquired by one other proprietor because the deadline for the New Hampshire property’s sale is only a few months away.
Harmony On line casino, pictured above. The New Hampshire gaming property have to be offered this 12 months. (Picture: New Hampshire Bulletin)
In January, the charitable on line casino’s proprietor, Andy Sanborn, was to begin searching for a purchaser to take over the enterprise. There’s reportedly little progress thus far. The transaction have to be organized earlier than July 1, in keeping with a ruling from New Hampshire officers.
There’s been no change within the standing of the Harmony facility,” Charlie McIntyre, government director of the New Hampshire Lottery Fee, was quoted by the Harmony Monitor earlier this week. “There was no sale.”
If Sanborn, a former politician, doesn’t promote the on line casino inside the time-frame, the property could get its license revoked. Sanborn does have the choice to request an extension of three months to discover a purchaser, in keeping with the Monitor.
The brand new proprietor additionally have to be accredited by the New Hampshire Lottery Fee beneath a ruling introduced in December.
License Suspended
The on line casino’s license is at the moment suspended.
The ruling got here after Sanborn allegedly improperly acquired $844K in COVID funds. Casinos had been among the many ineligible companies to obtain aid cash from the federal government.
However Sanborn’s representatives misled authorities officers on the mortgage utility, in keeping with New Hampshire regulators.
Sanborn is accused of utilizing $181K of that cash on two Porsche race vehicles, and $80K on a Ferrari for his spouse, state Rep. Laurie Sanborn, R-Bedford, officers stated. He additionally used greater than $183K on hire, officers additional declare.
The misrepresentations on the (COVID) utility and the next use of the proceeds for expenditures not allowed by that mortgage represent conduct by the licensee that undermines the general public confidence in charitable gaming,” Michael King, a listening to examiner, said in his ruling, in keeping with the Monitor.
King selected to not rule on whether or not there have been fraudulent statements within the mortgage utility however he did conclude there was “clear false and/or deceptive data,” in keeping with the NESN TV community.
Throughout the listening to, officers claimed Sanborn didn’t need to proceed as an proprietor of a charitable on line casino.
The Harmony On line casino is positioned inside The Draft Sports activities Bar and Grill in Harmony. The Sanborns are additionally trying to open a second on line casino in Harmony.
Spouse Resigned from Submit
In response to the investigation, Laurie Sanborn final 12 months stepped down as chair of a New Hampshire panel assigned to evaluation rules on charitable casinos.
She determined to go away the put up after state and federal officers introduced they launched an inquiry.
