Maverick Gaming received regulatory approval from the Washington State Gambling Commission for its acquisition of Evergreen Gaming Corporation. Maverick Gaming assumed operations control of the property as of December 21 2022. Under terms of the transaction, Maverick Gaming paid $80,475,000 in cash for all of Evergreen Gaming’s shares and assets.
Evergreen Gaming consists of four cardrooms in Washington State: Chips Casino in Lakewood, Goldies Casino in Shoreline, Palace Casino in Lakewood and Riverside Casino in Tukwila.
“Strategically this acquisition is crucial to Maverick’s continued dominance in Washington State. We expect there to be enormous consolidation as well as operational and marketing benefits to our company as a result of this transaction. Maverick will move swiftly to integrate these two companies in all aspects, and we expect to see benefits from this purchase by January” said Eric Persson, CEO of Maverick Gaming.
As a result of this transaction Maverick Gaming will own thirty-one casinos, hotels and manufacturing companies across Washington, Nevada and Colorado.
Maverick Gaming assets include over 360 Tables, 2700 Slot Machines, 1300 Hotel Rooms, 50 restaurants and approximately 3500 team members. Maverick’s debt is rated BBB- by Moody’s and S&P and is super majority owned by Eric Persson and COO Justin Beltram who collectively have over 40 years’ experience in gaming, including 16 years at Las Vegas Sands the world’s largest gaming company by market cap.