Maverick Gaming Closes Purchase Of Red Lion Casino, Gold Country Casino and High Desert Inn.

 

LAS VEGAS, June 2nd, 2019  -- Maverick Gaming (Maverick) announced today that the company has completed the purchase of the Red Lion Casino, Gold Country Casino and High Desert Inn.

"With this acquisition we have increased our position in Northern Nevada to four casinos with inventory nearing 1200 hotel rooms, and over 1500 slot machines,” said Eric Persson, majority owner of Maverick Gaming.  “We intend to acquire more assets in Northern Nevada in the near future.”

“With this acquisition complete, our team will now shift its focus to Washington where we are hopeful we will close both the Nevada Gold (UWN) purchase as well as the Great American Gaming purchase in June of this year.”

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, Red Lion Casino, Gold Country Casino and High Desert Inn.  Last September the company announced its intention to acquire Nevada Gold & Casinos, Inc. (NYSE: UWN). Upon closing Maverick will add nine casino locations, seven of which are in the greater Seattle vicinity, and the other two located in the eastern Tri-Cities area. The UWN facilities have approximately 120 table games. In April of 2019, Maverick announced a purchase agreement with Great Canadian Gaming to buy their three casino assets in Washington State in the Seattle area.  The Great American Gaming casinos have 45 table games. 

The Washington transactions are pending the approval of the Washington State Gambling Commission. They are expected to close in June 2019.

When all disclosed purchases are consummated Maverick will have approximately 1,500 slot machines, 200 table games and 1,200 hotel rooms nationwide.