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 Eric Persson, majority owner 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 and pay over $40 million in annual taxes. This is truly a dream come true” added Mr. Persson.
Maverick intends to fund this GAG transaction primarily with cash on hand and debt financing from HG Vora Capital Management, a private investment firm.