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# Greenbrier casino keeps WV license after emergency renewal vote amid debt dispute
The West Virginia Lottery Commission approved a last-minute renewal for the Casino Club at the Greenbrier on June 30, keeping the casino’s license from expiring at midnight. The emergency conference call came after a required audit report was filed months after the commission’s internal March 20 submission deadline.
The renewal means the Greenbrier casino remains licensed to operate in West Virginia, but the commission added a condition requiring quarterly financial reports for the rest of the fiscal year.
What the Lottery Commission approved
The regulatory action centered on the Casino Club at the Greenbrier, the casino at the Greenbrier Resort in White Sulphur Springs. According to the source report, the West Virginia Lottery Commission held an emergency conference call on June 30 and approved the renewal hours before the existing license was due to lapse.
The article says the required audit arrived months late. Even so, the commission approved the renewal and required additional quarterly financial reporting through the remainder of the fiscal year.
A Lottery Commission chairman described the outcome as a “good conclusion reached with no impact on the people of West Virginia.”
Why the renewal drew extra scrutiny
The source report ties the late filing and emergency renewal to broader financial and legal disputes surrounding the Greenbrier’s ownership and debt.
The Greenbrier is owned by U.S. Sen. Jim Justice and his family. The ownership breakdown cited in the report is 49% for Jim Justice, 30% for Jay Justice, and 21% for Jill Justice. Jim Justice bought the Greenbrier out of bankruptcy in 2009, and the casino opened in 2010.
The article says the resort’s debt exceeded $360 million. In early April, Carter Bank and Trust sold the Justice family loans to White Sulphur Springs Holdings, operating under TRT Holdings. TRT then filed a federal receivership motion in April seeking outside operational control of the Greenbrier, alleging defaults, mismanagement, and diversion of resort revenue to other businesses in the Justice family portfolio.
The Justice family, in turn, filed a lawsuit in Greenbrier Circuit Court alleging a deceptive takeover and misuse of confidential financial information.
What it means for the casino and WV oversight
For now, the practical result is that the Casino Club at the Greenbrier remains open under a renewed West Virginia license, with added reporting obligations to the Lottery Commission.
The source report also says the casino itself remains profitable despite the larger dispute. In 2025, the Casino Club at the Greenbrier generated nearly $15 million in revenue, had approximately $7.8 million in expenses, and posted roughly $6.9 million in net income.
That leaves West Virginia regulators monitoring a licensed casino that is still producing revenue while its parent resort faces ongoing financing and court battles.
What comes next
The next major question is whether a proposed refinancing closes. The Justice family is pursuing a refinancing arrangement with Kennedy Lewis Investment Management for up to $500 million.
U.S. District Judge Frank Volk set July 16 as a closing deadline, though attorneys for the Justice family said closing could require the week of July 20.
The source report also leaves open how the West Virginia Lottery Commission will assess the financing transaction’s effect on the casino license, whether the federal receivership fight will resume if refinancing fails, and whether the quarterly reporting condition will remain in place beyond the fiscal year.
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Source: As reported by gamingamerica.com.
