LAS VEGAS, NV – August 22nd 2019 – Maverick Gaming LLC (“Maverick” or “Maverick Gaming”) today announced the signing of a definitive purchase agreement for the Wizards Casino in Burien Washington.
“Today, we continue our commitment to the State of Washington and the card room industry. Wizards is located in a suburb of Seattle and once again our footprint grows in this important market” said Eric Persson, owner of Maverick Gaming
“In the next month, we expect to announce the purchase of four more card rooms in Washington, as well as another property in Nevada. Once all of our contemplated purchases close, we expect to be at 31 casinos in multiple states and jurisdictions” added Mr. Persson.
“As our footprint grows in Washington, we are very interested in helping the State see the potential tax revenue sports wagering can generate for Washingtonians, which we estimate if done right can be in excess of fifty million dollars annually. We believe Maverick’s geographic diversity coupled with our sports betting expertise, make the Maverick properties natural partners with the State in Sports wagering”
This transaction is expected to close in the next month, pending Washington State Gambling Commission approval. Terms of the transaction were not disclosed.
Maverick intends to fund this transaction primarily with cash on hand and debt financing from HG Vora Capital Management, a private investment firm.
ABOUT MAVERICK GAMING LLC
Maverick Gaming is majority owned and was founded by gaming industry veterans Eric Persson, who previously served as Global SR Vice President of Slots at Las Vegas Sands and Justin Beltram, former Vice President of Slots at Bellagio and Marina Bay Sands. Together they bring over 30 years of gaming experience spanning gaming markets around the world including the Las Vegas Strip (Venetian, Palazzo, Bellagio), Macau (Sands China Limited), Singapore (Marina Bay Sands), and many regional markets in North America. Maverick Gaming currently owns the Wendover Nugget and Red Garter Hotel, the Red Lion Casino, and the Gold Country Casino, and thirteen card rooms in Washington State. Currently Maverick Gaming owns seventeen casino and card rooms in Nevada and Washington State with approximately 1,500 slot machines, over 225 table games and 1,200 hotel rooms nationwide.