RELEASES
MAVERICK GAMING ANNOUNCES PURCHASE OF WIZARDS CASINO
LAS VEGAS, NV – August 22nd 2019 – Maverick Gaming LLC (“Maverick” or “Maverick Gaming”) today announced the signing of a definitive purchase agreement for the Wizards Casino in Burien Washington. “Today, we continue our commitment to the State of Washington and the card room industry. Wizards is located in a suburb of Seattle and once again our footprint grows in this important market” said CEO of Maverick Gaming “In the next month, we expect to announce the purchase of four more card rooms in Washington, as well as another property in Nevada. Once all of our contemplated purchases close, we expect to be at 31 casinos in multiple states and jurisdictions” added CEO. “As our footprint grows in Washington, we are very interested in helping the State see the potential tax revenue sports wagering can generate for Washingtonians, which we estimate if done right can be in excess of fifty million dollars annually. We believe Maverick’s geographic diversity coupled with our sports betting expertise, make the Maverick properties natural partners with the State in Sports wagering” This transaction is expected to close in the next month, pending Washington State Gambling Commission approval. Terms of the transaction were not disclosed. [READ MORE...]
MAVERICK GAMING™ ANNOUNCES PURCHASE OF FIVE WASHINGTON AREA CASINOS
LAS VEGAS, NV – August 19th, 2019 – Maverick Gaming LLC (“Maverick” or “Maverick Gaming”) today announced the signing of a definitive purchase agreement for 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 CEO 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” said CEO. “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 [READ MORE...]
MAVERICK GAMING™ ANNOUNCES SIGNING OF DEFINITIVE PURCHASE AGREEMENT TO BUY ROMAN CASINO IN RENTON WASHINGTON
LAS VEGAS, NV – July 2nd, 2019 – Maverick Gaming LLC (“Maverick” or “Maverick Gaming”) today announced the signing of a definitive purchase agreement to buy Roman Casino located in Renton Washington. “This purchase gives Maverick thirteen card rooms in Washington and nearly 200 table games” said CEO of Maverick Gaming. “In the next month we expect to give details on six more Washington properties, and we look forward to elevating the card room experience in this State,” said Tim Merrill, President of Maverick Washington. “As our cardroom footprint grows, customers will achieve significant player benefits, such as the ability to earn points at one property and redeem at another. We also intend to develop hotels in the Seattle market, which are badly needed, and customers will be able to redeem points for room nights as well.” “It feels great to be back home and the fact that my company will provide over 3,000 jobs which have average compensation above $75,000 is something that I am very proud of. We look forward to adding even more jobs and opportunity over the next several years” said CEO. Maverick intends to fund this GAG transaction primarily with cash on hand and debt financing from HG [READ MORE...]
MAVERICK GAMING™ CLOSES PURCHASE OF GREAT AMERICAN GAMING
Acquisition includes three properties in greater Seattle area. LAS VEGAS, NV – June 27th, 2019 – Maverick Gaming LLC (“Maverick” or “Maverick Gaming”) today announced they purchased all of the shares and assets of Great American Gaming Corporation (“GAG”, a US affiliate of Great Canadian Gaming Corporation). The assets include three cardrooms located in Everett, Tukwila and Lakewood. The transaction includes 45 table games, four restaurants, three bars and supporting amenities. The purchase price was $56 million dollars. “With the closing of this purchase, Maverick’s footprint in Washington continues to grow. We now have twelve properties, nearly 180 table games in this important market” said CEO of Maverick Gaming. “In the next month we expect to give details on seven more Washington properties, and we look forward to competing in this robust market” said Tim Merrill, President of Maverick Washington. “With 4.6 million residents, and a strong local economy, we couldn’t be more excited to close this transaction.” “As a Washington native, and a member of the Shoalwater Tribe, I couldn’t be prouder to be able to come back home. When all of our contemplated Washington transactions close we will provide over 3,000 jobs which have annual compensation above $75,000 [READ MORE...]
MAVERICK GAMING™ CLOSES PURCHASE OF NEVADA GOLD (NYSE: UWN)
Seattle, WA – June 14th, 2019 – Maverick Gaming LLC (“Maverick”) and Nevada Gold & Casinos, Inc. (NYSE: UWN) announce the closing of Maverick’s purchase of Nevada Gold. Maverick Gaming and Nevada Gold & Casinos, Inc. (NYSE: UWN) (“Nevada Gold”) announced that on Friday, June 14, 2019, Maverick completed the purchase of Nevada Gold via merger between Nevada Gold and a wholly owned subsidiary of Maverick established for that purpose at a final price of $2.559333 for each share of Nevada Gold common stock. The purchase includes nine card rooms in Washington, with seven in the Seattle area. “With this purchase, Maverick begins its journey into Washington. This purchase coupled with the three card rooms we are in the process of purchasing from Great American Gaming will give us twelve card rooms and a significant foothold in this market” said CEO of Maverick Gaming. “We intend to close the Great American purchase by the end of June, and in fact are looking forward to announcing several other acquisitions in the very near future.” Each of the card rooms in Washington are eligible for fifteen table games. “This purchase gives Maverick 135 table games in this market, and as important a [READ MORE...]
MAVERICK GAMING™ HIRES BRETT KLINE AS CHIEF MARKETING OFFICER
LAS VEGAS, NV – June 10th, 2019 – Maverick Gaming (or Maverick”) announced today that Brett Kline has been named Chief Marketing Officer, effective June 13th, 2019, subject to customary regulatory approvals. Mr. Kline brings more than twenty years of gaming industry experience to his new role at Maverick, most recently as Chief Marketing Officer at House Advantage – whose platform is installed in over 120 casinos worldwide. During his time in this role, House Advantage achieved unprecedented growth. In addition to House Advantage Brett served over 12 years at Caesar’s Entertainment in positions ranging from President’s Associate to Corporate Vice President of Loyalty Marketing and Corporate Vice President of Premium Customer Marketing. Mr. Kline also spent five years at Las Vegas Sands in roles ranging from Vice President of Marketing in Global Gaming to Senior Vice President of Relationship Marketing for Sands China Limited. Early in his career he served as Director of Table Games for Harrah’s Prairie Band which is where his path crossed with Eric Persson – the majority owner of Maverick Gaming. “It was clear to me even then, that Brett had a disciplined mind, and strategic focus that [READ MORE...]
