started · updated
Part of situation:
Greenbrier Resort finalizes $500M deal and ownership shift (4 clusters)
Greenbrier threatens casino closure amid license review delays
The Greenbrier has threatened to close its casino rather than continue waiting for a critical license review necessary for essential refinancing. The situation involves complex financial and political dynamics in West Virginia, including the Justice family's business operations and their impact on the property's financial stability.
Kennedy Lewis is set to control 51 percent of the operation. The ongoing delay in the lottery's review process has placed approximately 90 jobs at risk as the property seeks to stabilize its financial position.