In a surprising turn of events, Judge Jonathan L. Carpenter announced in court today that he sees good reason to grant casino owner Roland Sanborn more time to sell his struggling establishment, the Lakeside Casino, in Hampton. However, there is a catch – Sanborn must be permitted to actively market and seek potential buyers for the property.
The Lakeside Casino has been facing financial difficulties for several months now, with profits steadily declining and mounting debts piling up. Sanborn, who has owned the casino for over a decade, has been desperately trying to find a buyer in order to avoid foreclosure on the property.
In a recent court hearing, Sanborn’s lawyer presented a detailed plan outlining the potential benefits of allowing his client more time to sell the casino. According to the plan, Sanborn is currently in talks with several interested buyers who have expressed a strong interest in purchasing the property. Granting Sanborn more time to negotiate with these potential buyers could result in a higher sale price, ultimately benefiting all parties involved.
Judge Carpenter, after carefully considering the arguments presented by both sides, expressed his support for granting Sanborn the additional time he needs to sell the casino. However, the judge also emphasized that Sanborn must be given the freedom to actively market the property and pursue potential buyers without any restrictions.
This decision comes as a welcome relief to Sanborn, who has been tirelessly working to sell the casino in order to salvage his business and avoid losing his livelihood. The news has also been met with optimism by the local community, who fear the consequences of the casino shutting down permanently.
As the legal proceedings continue, all eyes are now on Sanborn as he prepares to take the necessary steps to market and sell the Lakeside Casino. With the judge’s support and a renewed sense of hope, Sanborn remains determined to find a buyer and secure the future of his beloved establishment. Only time will tell whether this decision will prove to be the lifeline that the Lakeside Casino desperately needs.