Maverick Gaming Wednesday will assume operational control of the Evergreen Gaming Corporation after receiving regulatory approval from the Washington State Gambling Commission.
Maverick Gaming paid $80.5 million in cash for all Evergreen Gaming shares and assets.
“Strategically, this acquisition is crucial to Maverick’s continued dominance in Washington State,” said Maverick Gaming CEO Eric Persson in a statement. “We expect there to be enormous consolidation, as well as operational and marketing benefits, to our company as a result of this transaction. Maverick will move swiftly to integrate these two companies in all aspects and we expect to see benefits from this purchase by January.”
Evergreen Gaming has four cardrooms in Washington: Chips Casino in Lakewood; Goldies Casino in Shoreline; Palace Casino in Lakewood; and Riverside Casino in Tukwila. Maverick’s assets include more than 360 tables, 2,700 slot machines, 1,300 hotel rooms, and 50 restaurants, with approximately 3,500 team members. Maverick’s debt is rated BBB- by Moody’s and S&P and is super-majority owned by Eric Persson and COO Justin Beltram.
Maverick Gaming now owns 31 casinos, hotels, and manufacturing companies in Washington, Nevada, and Colorado.
