{"id":326820,"date":"2024-08-01T14:56:33","date_gmt":"2024-08-01T19:56:33","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=326820"},"modified":"2024-08-01T14:56:33","modified_gmt":"2024-08-01T19:56:33","slug":"greenbrier-hotel-heads-to-auction-block-justice-blames-politics","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/","title":{"rendered":"Greenbrier Hotel Heads to Auction Block, Senate Candidate Justice Blames Politics"},"content":{"rendered":"

The Greenbrier Hotel in White Sulphur Springs, W. Va. is in default and could be auctioned off to the highest bidder. The property is home to one of the state\u2019s four casinos.<\/p>\n

\"FanDuel\"
West Virginia GOv. Jim Justice outside his Greenbrier Hotel. He said foreclosure on the property is a political stunt. (Image: Dan Beiser\/USA Today<\/em>)<\/figcaption><\/figure>\n

Gov. Jim Justice (R-WV) — the frontrunner in the state\u2019s US Senate race — said the foreclosure is political stunt by JP Morgan Chase, which is the bank holding the loan on the property. Justice acquired Greenbrier out of bankruptcy in 2009. In 2014, Justice received a loan for Greenbrier from the bank backed by a promissory note for $142 million. That agreement made Chase the holder of the deed of trust.<\/p>\n

Last month, Chase informed the governor the loan on Greenbrier had been sold to Beltway Capital. In a statement, Justice claimed that upon purchasing the loan, Beltway immediately declared it in default.<\/p>\n

The Governor and JPMorgan have been working in good faith under a mutual agreement since 2021 and under that agreement the Governor\u2019s debt to JPMorgan has been reduced to $9.4 million, according to a statement issued by the Justice family. \u201cPerformance and payments to JPMorgan have even been made as recent as the end of June of this year.\u201d<\/p><\/blockquote>\n

MetroNews<\/em> reported that the property being foreclosed on includes the Greenbrier Hotel and the parking lot, but because other firms own the golf course and tennis courts, those assets are not part of the foreclosure. However, the casino is in the hotel, meaning it\u2019s part of the default proceedings<\/strong>.<\/p>\n

Justice Claims Foreclosure Is Political Stunt<\/h2>\n

Greenbrier is the only traditional casino hotel in the state with the other three gaming venues classified as racinos — casinos combined with racetracks. The Mountaineer Casino, Racetrack & Resort is operated by Century Casinos<\/a> (NASDAQ: CNTY).<\/p>\n

\n

Justice, a two-term governor who switched parties in 2017, called the foreclosure proceedings a \u201cpolitical stunt\u201d and an attack on his business interests motivated by partisan gain.<\/p>\n<\/div>\n

\u201cThis deceitful move by JPMorgan is nothing more than the latest political stunt by the Democrats to undermine the next Republican Senator from West Virginia. In recent days, JPMorgan CEO Jamie Dimon\u2019s staunch ties to the Democrat party and his support for the Biden-Harris administration and continued control of the Senate by the Democrats have been well documented,\u201d added the Justice family in the press release.<\/p>\n

While Dimon has traditionally donated to Democrats, there has been speculation that if former President Trump reclaims the White House in November, he\u2019d name the JPMorgan chief executive officer as Treasury Secretary<\/strong>.<\/p>\n

Auction Could Affect Greenbrier Casino<\/h2>\n

Should the Justice family not find a workable solution to maintain control of the Greenbrier, it\u2019s possible that the new owners make changes to the casino or potentially close that part of the property, putting it different use. That hasn\u2019t been determined of yet. The public auction for the property will be held in Lewisburg on Aug. 27.<\/p>\n

Greenbrier is also home to a FanDuel sportsbook<\/a> and that operator was the first to offer mobile sports wagering in West Virginia.<\/p>\n

Today, the state is home to a variety of online sportsbooks and is one of just six to permit iGaming.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Greenbrier Hotel in White Sulphur Springs, W. Va. is in default and could be auctioned off to the highest bidder. The property is home to one of the state\u2019s four casinos. Gov. Jim Justice (R-WV) — the frontrunner in the state\u2019s US Senate race — said the foreclosure is political stunt by JP Morgan […]<\/p>\n","protected":false},"author":46,"featured_media":81854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810,86432,61,86438],"tags":[81903,81898,86697,81901,86457],"acf":[],"yoast_head":"\nGreenbrier Hotel Heads to Auction Block, Justice Blames Politics<\/title>\n<meta name=\"description\" content=\"Greenbrier Hotel Heads to Auction Block, Senate Candidate Justice Blames Politics.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenbrier Hotel Heads to Auction Block, Justice Blames Politics\" \/>\n<meta property=\"og:description\" content=\"Greenbrier Hotel Heads to Auction Block, Senate Candidate Justice Blames Politics.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-01T19:56:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/greenbrier.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"525\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/\",\"url\":\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/\",\"name\":\"Greenbrier Hotel Heads to Auction Block, Justice Blames Politics\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/greenbrier.png\",\"datePublished\":\"2024-08-01T19:56:33+00:00\",\"dateModified\":\"2024-08-01T19:56:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Greenbrier Hotel Heads to Auction Block, Senate Candidate Justice Blames Politics.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/greenbrier-hotel-heads-to-auction-block-justice-blames-politics\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/greenbrier.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/greenbrier.png\",\"width\":1000,\"height\":525,\"caption\":\"West Virginia GOv. 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