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The Greenbrier is fighting to keep control of its resort and casino operations as a legal battle over nearly $289.5 million in overdue loans plays out in federal and state court.
For West Virginia readers, the key point is that the dispute involves The Greenbrier’s Casino Club, a major part of the resort’s business since helping the property emerge from bankruptcy in 2010. The source reports that the outcome could affect the casino because the rival party tied to the takeover effort, Omni Hotels’ parent company, does not currently operate any casino resorts.
U.S. Sen. Jim Justice has owned The Greenbrier since 2009, when he rescued the property from bankruptcy. According to the source, the resort’s loans came due on April 1, 2026, and court filings describe the business as carrying accumulating debt, negative working capital, and late tax bills.
White Sulphur Springs Holdings, an affiliate of Omni Hotels, filed suit on April 17 seeking a takeover-related remedy. Omni also filed a federal lawsuit seeking to place The Greenbrier into receivership. In response, the Justice family filed state litigation alleging a “fraudulent conspiracy” tied to the debt purchase and arguing that the sale of the debt to White Sulphur Springs Holdings should not have been allowed.
The Greenbrier’s attorneys have asked both courts for more time, until Aug. 7, 2026, to complete a proposed $500 million financing deal with Kennedy Lewis Investment Management. The source says that financing would be used to pay off debt held by Omni, cover other liabilities, and fund hotel renovations. At the time of the report, neither court had ruled on those extension requests.
What West Virginia readers should watch
No immediate change to The Greenbrier’s casino operations was reported. The next major question is whether the courts grant more time for the refinancing effort and whether the Kennedy Lewis deal closes. Those decisions could help determine whether the resort remains under current ownership or moves closer to receivership or a takeover attempt.
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Source: As reported by casino.org.
