RELEASES
MAVERICK CARES SPONSORS A JULY 4TH COMMUNITY EVENT BENEFITING OVER 16,000 WASHINGTONIANS
Participating Maverick Gaming locations distributed free July 4th care packages: hot dogs, buns, juice boxes, watermelon, Fla-Vor-Ice, potato and macaroni salad and age-appropriate toys for kids Maverick Cares partnered with almost 40 local community non-profit organizations to support 4000 families today across the State of Washington In partnership with local community leaders, Maverick Cares, a ‘good neighbor’ program of Maverick Gaming that is managed by its team members, today sponsored a giveaway of free July 4th care packages for families that included hot dogs, buns, juice boxes, watermelon, Fla-Vor-Ice, potato and macaroni salad and age-appropriate toys for kids. These care packages were distributed today at participating Maverick Gaming locations in accordance with public health requirements regarding the novel coronavirus pandemic. To learn more about how Maverick Gaming is partnering with the community to protect public health and safety, please visit Maverick Gaming’s information page on its response to COVID-19. Maverick Cares was proud to partner with local community organizations such as Alderwood Boys & Girls Club, Annie’s Community Kitchen, Boys & Girls Club Pasco, Boys & Girls Clubs of Snohomish County, Concern for Neighbors Food Bank, Holly House Kids Organization, Hope Creek Charitable Foundation, Imagine Housing, Kennewick Police Department, Mukilteo [READ MORE...]
MAVERICK GAMING FOREGOES PURCHASE OF ELDORADO SHREVEPORT AND MONTBLEU RESORT LAKE TAHOE
Las Vegas Nevada, April 24th 2020: Maverick Gaming has agreed to forego the purchase of Eldorado Shreveport and Montbleu in Lake Tahoe. “At this time it is more important for Maverick to nurture and protect their existing assets than it is to expand our asset base” said CEO of Maverick Gaming. “They are great assets, and in a normal environment, we would be very excited to own them” he added. “We have worked closely with our lenders and our existing cash position gives us adequate liquidity through the first quarter of 2021 without additional action. We like everyone else, look forward to the day our economy can restart again, our valued Maverick employees can start working, and our company can start to compete” CEO added. ABOUT MAVERICK GAMING LLC Maverick Gaming currently owns four casinos in Nevada, three in Colorado and nineteen card rooms in Washington.
MAVERICK GAMING ENTERS INTO DEFINITIVE AGREEMENT TO PURCHASE MONTBLEU RESORT CASINO AND SPA IN LAKE TAHOE FROM ELDORADO RESORTS
LAS VEGAS, March 8th 2020 – Maverick Gaming (Maverick) announced today that the company has entered into a definitive agreement with Eldorado Resorts to purchase Montbleu in Lake Tahoe, Nevada. The property includes over 400 hotel rooms, nearly 600 slot machines, 30 table games, with a 1200 seat showroom and four restaurants "With this acquisition we will increase our position in Northern Nevada to five casinos with inventory nearing 1600 hotel rooms, and over 2100 slot machines,” said CEO of Maverick Gaming. “We see great opportunity in Northern Nevada and the Reno Tahoe market, and are actively seeking more distribution there.” This transaction is subject to all regulatory approvals, and other customary closing conditions and is expected to close in the second half of 2020. ABOUT MAVERICK GAMING LLC Maverick Gaming currently owns four casinos in Nevada, three in Colorado and nineteen card rooms in Washington. Maverick has a pending transaction to purchase the Eldorado Shreveport property as well.
MAVERICK GAMING ENTERS INTO AGREEMENT TO PURCHASE EGADS! LLC
THE GAMING AND ENTERTAINMENT INDUSTRY’S PREEMINENT SIGNAGE AND ENVIRONMENT CURATOR Las Vegas Nevada – January 27th 2020 – Maverick Gaming (“Maverick” or the “Company”) announced today that it has entered into a definitive agreement to purchase Egads! LLC, from Carole Carter. Founded more than twenty years ago, Egads! is an industry leading supplier of signage; custom lighting and audio/visual systems; unique architectural features incorporating sculpting, mold making, metals, acrylics, glass and other proprietary materials and processes. Designer’s, Architect’s and Owner’s ideas for specialty environmental features become reality with the expertise of the e-gads! team. e-gads! provides services to casinos, entertainment venues, retail facilities and hospitality companies throughout the United States and international locations. e-gads! environmental slot/gaming signage has been engaged by every major slot manufacturing company from IGT, Sci Games, GTech, Konami and Aristocrat and others. “We will be hard pressed to improve on the customer experience Carole has delivered her customers over the last twenty years, but we are very excited to inherit this talented team and look forward to expanding her customer base even further” said Justin Beltram, COO of Maverick Gaming. “This is a critical purchase for [READ MORE...]
LEGAL SPORTS BETTING BILL ANNOUNCED IN WASHINGTON STATE
Proposal will regulate sports betting to drive economic benefit while undermining offshore crime networks which rely on illegal betting funding streams Largest, best-in-class licensed card room operator in Washington supports new legislation WASHINGTON – January 17, 2020 – Today Maverick Gaming detailed its support for legislation to create a fully regulated and taxed land-based and mobile sports betting system. That proposal makes land-based and mobile sports betting available to Tribal casinos, racetracks, and licensed card rooms in Washington State. The legislation, HB 2478 and SB 6277, is sponsored in the State House by Representative Vick and in the State Senate by Senators King and Rivers. “Maverick Gaming employs 2,200 people in 19 licensed card rooms across Washington, and we are committed to creating an environment that is fun and safe for our guests, while also implementing system-wide self-exclusion policies to reduce problem gambling,” said Maverick Gaming CEO. “Legal sports betting will give lawmakers the opportunity to create a regulated system that collects tax revenues that should be used to address community needs, supports a strong sustainable workforce, and provides economic opportunity in this growing global market. Critically, regulated, legal sports betting has the dual benefit of undermining offshore criminal networks [READ MORE...]
MAVERICK GAMING™ ENTERS INTO AGREEMENT TO PURCHASE THE ELDORADO SHREVEPORT CASINO AND RESORT FOR $230 MILLION
Las Vegas, Nevada – January 13, 2020 – Maverick Gaming LLC (“Maverick” or the “Company”) announced today that it has entered into a definitive agreement to purchase the Eldorado Casino and Resort in Shreveport, Louisiana from Eldorado Resorts, Inc. (NASDAQ: ERI) for $230 million. The transaction, once closed, will add approximately 1,500 slots, 50 table games, over 400 hotel rooms and six restaurants to the Maverick portfolio. “Maverick continues to bet on diversified economies as we expand our gaming portfolio. The population in the Dallas market exceeds 7.5 million people, and Dallas encompasses the third-largest concentration of Fortune 500 companies in the United States. Maverick’s focus to date has been on the growing, vibrant and dynamic economies of Salt Lake City, Utah Seattle, Washington and Denver, Colorado. The Company now adds Dallas to that list” said CEO of Maverick Gaming. Maverick intends to fund this transaction primarily with cash on hand and financing from HG Vora Capital Management and Angelo Gordon, both of which are private investment firms. “HG Vora is an important financing partner for Maverick Gaming with deep experience in the gaming and lodging sector, and we are pleased to also begin a new strategic partnership with Angelo [READ MORE...]
