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Greenbrier Closes Casino to Secure $500M Deal | Parkersburg News
The Greenbrier resort is shutting down its 16-year-old casino and laying off 90 employees to secure a $500 million lifeline from a New York investment firm—critical to pay off $387 million in debt to a Texas lender and avoid mounting daily interest costs of $145K. The casino’s closure is a necessary step to transfer its gaming license to a new holding company, pending state regulator approval that’s been delayed despite months of cooperation. Compounding the crisis, the IRS has slapped over $8 million in payroll tax liens, while the Justice family accuses their current creditor of sabotaging…
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