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.
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.
Maverick Gaming™ Closes Purchase of Red Lion Casino, Gold Country Casino and High Desert Inn
LAS VEGAS, NV – June 2nd, 2019 – Maverick Gaming (Maverick) announced today that the company has completed the purchase of the Red Lion Casino, Gold Country Casino and High Desert Inn.
"With this acquisition we have increased our position in Northern Nevada to four casinos with inventory nearing 1,200 hotel rooms, and over 1,500 slot machines,” said Eric Persson, majority owner of Maverick Gaming.
Maverick Gaming™ Hires Thomas J. Granite As Chief Financial Officer
LAS VEGAS, NV – May 30th, 2019—Maverick Gaming (or Maverick”) announced today that Thomas J. Granite has been named Chief Financial Officer, effective June 5th, 2019, subject to customary regulatory approvals.
Mr. Granite brings more than twenty years of gaming industry and investment banking experience to his new role at Maverick, most recently serving as Managing Director at Jefferies in its Real Estate, Gaming and Lodging Investment Banking group. In this role, he worked with clients across the gaming industry, providing expertise to clients regarding mergers and acquisitions, high yield notes, leveraged loans, private and public equity.
maverick Gaming™ receives approval from Nevada Gaming Commission
LAS VEGAS, NV – May 23, 2019 – The Nevada Gaming Commission granted approval to Maverick Gaming™ for the purchase of three properties in Elko, NV. The Red Lion Casino, Gold Country Casino, and High Desert will add over 435 slot machines, 11 table games and 544 hotel rooms to Maverick Gaming’s™ regional operations.
Maverick Gaming™ is enthusiastic about the acquisition and looks forward to growing its operations in the Northern Nevada market. Maverick has increased EBITDA by 80% year-over-year in the Wendover market and is eager about the EBITDA opportunity in the Elko.
The operation continues to grow its business with more strategic acquisitions in the coming months. Elko will put Maverick Gaming™ in a better position to becoming a key player in the Northern Nevada market. The Elko transaction is expected to close in early June 2019.
Watch the video to see what sets Maverick Gaming™ apart from other operators.
Maverick Gaming™ Announces the Hiring of Tim Merrill as President of Washington Operations
“Mr. Merrill is exactly the leader Maverick Gaming needs to integrate the multiple Washington properties we are currently purchasing and transition into the regional entertainment opportunity we envision. The fact that Maverick is able to attract well-employed, senior talent from the largest gaming company in the world is a testament of what this company is, and as importantly is in the process of becoming,” stated Eric Persson, owner of Maverick Gaming.”
Maverick Gaming™ Purchases Great American Gaming
LAS VEGAS, NV – April 25, 2019 – Maverick Gaming LLC (“Maverick” or “Maverick Gaming”) today announced the signing of a definitive purchase agreement with Great Canadian Gaming Corporation to acquire all of the shares and assets of Great American Gaming Corporation (“GAG”, a US affiliate of Great Canadian Gaming Corporation) including three card rooms located in Everett, Tukwila and Lakewood, subject to regulatory approvals. The transaction includes 45 table games, four restaurants, three bars and supporting amenities.
Maverick Gaming™ Announces Purchase of Play Elko Casinos in Elko, Nevada
Eric Persson, the majority owner of Maverick and its affiliates said, “As Maverick continues to grow and expand our portfolio of regional gaming properties and assets, we are extremely pleased to add Red Lion and Gold Country Casinos, along with High Desert Inn to our company. I admire the work that Larry Wolfe has done to grow this business and we look forward to building upon the foundation he established.”
Maverick Casinos Announces Sales/Merger Agreement with Nevada Gold
LAS VEGAS, NV – Sept 21, 2018 – Maverick Casinos (Maverick) LLC today announced Tuesday the signing of a definitive merger agreement with Nevada Gold (NYSE: UWN). Under the terms of the merger agreement, Maverick will acquire all of the outstanding shares of UWN’s common stock for $2.50 per share in cash, subject to certain minor adjustments. The Transaction will result in the UWN becoming a private company.