Four Washington casinos to close after Maverick Gaming files for bankruptcy
The casino operator’s 22 other properties will continue to operator fo now.
US.- Four Washington casinos are expected to close after the operator Maverick Gaming filed for Chapter 11 bankruptcy in Texas. The operator’s portfolio comprises 27 properties across Washington, Colorado and Nevada, the majority of them in the Evergreen state.
For now, only four of Maverick’s 21 venues are reportedly affected by the bankruptcy proceedings: Dragon Tiger Casino (Mountlake Terrace), Palace Casino (Lakewood), Silver Dollar Casino (Renton) and Roman Casino (Seattle). Its remaining Washington and Colorado properties will continue to operate.
According to the The Nevada Independent, Maverick has confirmed that its four rural Nevada casinos (Maverick Casino & Hotel, Gold County Casino, Wendover Hotel & Casino and Red Garter Hotel & Casino in West Wendover) as well as the non-gaming hotel High Desert Inn in Elko will also remain open for the time being. Nevada Gaming Control Board chairman Mike Dreitzer said the agency is monitoring proceedings.
The absence of advanced surveillance capabilities reportedly limited smaller operators like Maverick from sustaining viable operations in Washington.
“This decision follows the Washington Gaming Commissioners’ choice to shut down the centralized surveillance petition, which was intended to support Washington Cardrooms,” Maverick Gaming stated on its website.
“In the decision considerations, the gaming board compared Washington cardroom casinos (15 tables) to mega casinos that attract higher volumes of traffic, impacting our operations. The lack of centralized and advanced surveillance technology, in contrast to what is available in larger establishments, has further hindered our ability to compete effectively.”
The company underwent a debt restructuring last year after buying All Star Lanes & Casino in Silverdale in 2023. It has disclosed assets and liabilities ranging from $100 to $500m in its bankruptcy filing.
