Share 
The Greenbrier says it may close its Casino Club as soon as Aug. 14 while it tries to complete a $500 million refinancing deal that still needs review from the West Virginia Lottery.
According to the resort, the delay in approving the transaction is forcing it to consider shutting the casino in order to move the deal forward. The dispute comes as The Greenbrier also fights an effort by Omni Hotels to place the resort into receivership in federal court.
Refinancing deal still awaits Lottery approval
The proposed financing involves Kennedy Lewis Investment Management, or KLIM. If completed, the transaction would create a new parent entity called Greenbrier TopCo, with KLIM holding a 51% controlling stake.
Because the deal involves a state gaming license, the West Virginia Lottery has to review KLIM’s suitability before approving the transaction. The Greenbrier said in a court filing that, with no other practical option to close the deal and avoid additional delay costs, it intended to close the casino and complete the transaction on Friday, Aug. 14.
The financial pressure is significant. The resort said a $289.5 million loan matured on April 1, 2026, and that daily interest on that debt is about $145,000.
Omni receivership fight adds pressure
Omni Hotels, through White Sulphur Springs Holdings, LLC, is seeking to place The Greenbrier into receivership in the U.S. District Court for West Virginia’s Southern District.
According to the source report, Omni’s subsidiary bought the loan vehicle in March 2026 after The Greenbrier had originally taken out the financing through Carter Bank. Omni says the loan was not repaid when it matured.
The possible casino shutdown would affect a gaming floor that includes about 160 slot machines, 30 table games, and a FanDuel Sportsbook. The Casino Club also employs about 90 people.
What the WV Lottery said
Acting director David Bradley said the Lottery had not been given enough time to complete its due diligence or legally schedule the special meeting The Greenbrier wanted.
In a letter cited by the source, Bradley said the resort did not provide necessary final draft transaction documents until Aug. 5, 2026, and that a requested Aug. 7 special meeting would have violated the West Virginia Open Governmental Proceedings Act, which requires at least five business days’ public notice.
Bradley also said the Lottery would not ignore that law and must have time to finish its review.
For West Virginia players, the immediate issue is operational: the source report says the Casino Club could close if the refinancing cannot be completed under the current timeline. The next key questions are whether the Lottery approves KLIM’s suitability review, whether the financing closes, and whether the court grants Omni’s receivership request.
—
Source: As reported by casino.org.
