After submitting for chapter in 2025, Maverick Gaming has introduced the closure of two casinos in Tukwila, Washington, leaving 238 workers with out jobs.
Maverick operates casinos and poker rooms in Washington, Colorado, and Nevada. High-stakes poker participant Eric Persson co-founded the corporate and serves as CEO.
The information of closing the Great American Casino and the Riverside Casino in Tukwila was revealed when the corporate filed a (*2*) (WARN) with the state.
The metropolis of Tukwila is situated a brief drive south of Seattle. The closures are set for Nov. 1.
Closings Follow Bankruptcy Filing
The pink slips will have an effect on cashiers, bartenders, sellers, cooks, and administration, in accordance with MyNorthwest.
The closures come as the corporate works by way of a Chapter 11 chapter submitting. Maverick relies in Kirkland, Washington.
The submitting got here after Maverick restructured debt in 2024. As a part of Chapter 11, the gaming operator listed between $100 million and $500 million for each property and liabilities. Chapter 11, often known as reorganization chapter, permits companies to restructure debt and proceed operations.
A weaker native financial system affected Maverick’s operations, in accordance with a Bloomberg report. A string of layoffs within the expertise trade additionally had an affect on the client base.
Additionally, the corporate suffered from excessive working prices, together with hire, which exacerbated monetary struggles. S&P Global rankings agency withdrew all rankings on the corporate in June 2025 “because of a lack of sufficient information.”
Other Casino Closures
At the time of the Chapter 11 submitting, 4 of the corporate’s cardrooms have been shut down. The state barred Maverick from utilizing a centralized surveillance system.
Along with the closure of the 2 Tukwila properties, the corporate additionally posted WARN notices in May for the Crazy Moose Mountlake Casino in Mountlake Terrace, the Silver Dollar Mill Creek Casino in Bothell, and Silver Dollar SeaTac Casino in Seattle. Closures and layoffs at these properties went into impact on July 31.
Maverick now has round 20 gaming properties. The firm’s enterprise mannequin included buying undervalued properties and instituting operational adjustments to higher safe earnings. Those efforts have been a wrestle over the previous few years.
“Despite successes in turning around many of the gaming assets it has acquired, the company has faced a variety of factors that have severely limited its growth in the last few years, precipitating the current financial distress and inability to address its capital structure that have led to commencement of these Chapter 11 cases,” Chief Restructuring Officer Jeff Seery mentioned within the chapter submitting.
Persson had been an everyday high-stakes poker participant, together with a well-publicized heads-up match with Phil Hellmuth. Since the chapter submitting, nonetheless, he hasn’t appeared in a live-streamed sport, in accordance with High Roll Poker. He had been an everyday on exhibits like Bally Live Poker, High Stakes Poker, Hustler Casino Live, and others.
The CEO has been extremely essential about how Washington regulates non-tribal gaming operators. At a May 8 assembly of the Washington State Gambling Commission, Persson and different cardroom operators and staff argued that the trade has been over-regulated. They additionally claimed that tribal operations didn’t face the identical diploma of scrutiny.
