Maverick Gaming is closing two more casino properties as part of its reorganisation, after its parent company RunItOnTime LLC filed for bankruptcy protection last year.
At the time, the business operated 24 casinos and card rooms across Washington, Nevada and Colorado.
Since then, the business has closed multiple properties, including the Silver Dollar Casino Mill Creek in Bothel, Washington, and the Crazy Moose Casino Mountlake in Mountlake Terrace, Washington, around three months ago.
The latest properties to close are the Riverside Casino and Great American Casino, both situated in Tukwila, Washington.
As a result, the business will lay off 238 employees, including 142 from the Riverside Casino and 96 from the Great American.
Closures follow bankruptcy filing
Maverick filed for bankruptcy following a series of costly acquisitions under co-founder and CEO Eric Persson, which S&P Global Ratings previously said had left the business vulnerable.
In a June 2024 note, the credit rating agency said: “We view Maverick Gaming’s capital structure as unsustainable because its fixed charges, including interest, rent, and maintenance capital expenditures (capex) and lease expenses, are too high relative to forecasted EBITDA in the near term.
“We expect the company will burn cash through 2024 despite various cost and capex reductions because it remains burdened by very high interest expense given its high debt balances and floating rate capital structure in the current high interest rate environment. This leaves no room for operating missteps or unexpected headwinds.”
The acquisitions took place against the backdrop of Washington’s gaming regulations, which put Maverick at a disadvantage in the cardroom market compared to its tribal-owned competitors, which were not required to pay gaming tax, could offer more games and had higher table wager limits.
While Maverick previously attempted to challenge tribal operators’ exclusivity over sports betting in the state, the case was dismissed by the US Court of Appeals for the Ninth Circuit in December 2024.
Staffing charges reportedly contribute to closures
According to The Street, which broke the news of the latest closures, growing staffing costs likely played some role in the properties’ fortunes.
The media outlet reports that Tukwila’s minimum wage increased by 46% between 2022 and 2025, while the minimum wage across the rest of Washington state grew by just 15%.
Despite the closures, Maverick continues to list multiple job vacancies across the rest of its portfolio on its LinkedIn page.
These include a variety of positions in Elko and West Wendover, Nevada; Silverdale, Washington and Central City, Colorado.
Dingnews.com 07/09/2026