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Maverick co-founder moves to reacquire two Nevada casinos

Deals & M&A

Maverick Gaming co-founder Eric Persson is in the process of reacquiring the Maverick Casino Hotel and Gold Country Inn and Casino in Elko, Nevada, reportedly to keep them open. Persson said the transaction is expected to close within three weeks; its financial terms were not disclosed, and the properties had warned of possible closure by 30 November.

The planned deal could determine whether two Nevada casinos remain open and whether their employees are rehired.

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Deals & M&A

Maverick Gaming owner plans buyback of eight WA casinos

Maverick Gaming’s owner plans to buy back eight WA casinos. The proposed transaction follows bankruptcy-related WARN notices announcing closures for 30 November.

Eric Persson, owner of Maverick Gaming, has announced plans to acquire eight Washington casinos personally in order to keep them operating, with about 850 jobs to be preserved. Persson told KIRO Newsradio he expects the transaction to close in about three weeks. Employees will move to the new company and the properties will remain open, he said.

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