Operator News
US – Maverick snaps up five casinos in Washington
By Phil - 29 August 2019
Maverick Gaming is buying five casinos in the Washington area; namely the Macau Casino in Lakewood, the Macau Casino in Tukwilla, the Caribbean Casino in Kirkland and the Caribbean Cardroom in Kirkland, and the Caribbean Casino in Yakima.
“This purchase gives Maverick eighteen card rooms in Washington and nearly 275 table games in that market” said Eric Persson, Owner of Maverick Gaming. “In the next month we expect to give details on another five Washington properties, and will begin to outline our growth strategy which includes a comprehensive entertainment product inclusive of restaurants, hotel rooms, meeting space and of course table games.”
“We are quickly becoming an employer of choice in Washington. With over 3,000 jobs – which have an average salary above $75,000 and great benefits, we have a great team and are looking forward to investing another $100 million into this State over the next few years” said Tim Merrill, President of Maverick Washington.
“Growing up in Hoquiam Washington, and as a member of the Shoalwater Bay Nation, I never dreamed an opportunity like this would one day exist. In my case, it’s definitely true that you can come home again” said Mr. Persson.
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.
