Maverick Gaming to Close Eight Washington Casinos, Cutting 850 Jobs Amid Bankruptcy

Maverick Gaming to Close Eight Casinos in Washington
CRE Market Beat Take
Chapter 11-driven closures and possible operator or ownership changes flag these casino assets as potential distressed acquisition targets once the process advances.

Maverick Washington LLC plans to shutter eight casinos across Washington state, a move that will result in the loss of approximately 850 jobs. The closures mark the latest phase in the company’s ongoing restructuring under Chapter 11 bankruptcy protection and add to a series of location shutdowns already completed this year.

The casinos slated to close span multiple Washington communities. The list includes Great American Casino in Everett; Chip’s Casino, Macau Casino and Palace Casino in Lakewood; All Star Casino in Silverdale; Casino Caribbean in Yakima; Crazy Moose Casino in Pasco; and Coyote Bobs Casino in Kennewick. These venues represent a significant portion of Maverick Washington LLC’s in-state footprint and underscore the operational impact of the bankruptcy process on local gaming properties.

Kirkland-based Maverick Gaming, the parent entity associated with Maverick Washington LLC, has been operating under Chapter 11 bankruptcy protection since last year. The firm’s restructuring follows a 2024 debt restructuring and a subsequent bankruptcy filing in July 2025. Since April, Maverick Gaming has already closed five locations, and the newly announced closures extend that retrenchment across additional markets.

The earlier round of closures tied to the bankruptcy decision included the Dragon Tiger Casino, the Palace Casino, the Silver Dollar, and the Roman Casino. These prior shutdowns highlighted the financial strain on the company’s portfolio and reduced its overall operating platform in the state. With the latest eight properties scheduled to close, the cumulative impact on Maverick Gaming’s Washington operations and its workforce has become substantial.

As part of the legal process around the new closures, Maverick Washington LLC sent separate letters to Washington’s Employment Security Department for each affected site. In those communications, the company noted that it is currently subject to a bankruptcy proceeding. The letters also stated that, as part of that proceeding, there could be a potential change of operator and/or owner for the affected casinos, signaling that future control of the assets may shift as the case progresses.

The combination of multiple recent closures, ongoing Chapter 11 protection, and the possibility of changes in ownership or operations reflects a period of significant transition for Maverick Gaming’s casino portfolio in Washington. The outcome of the bankruptcy process and any resulting changes in operators or owners will shape how these gaming assets are ultimately repositioned or reactivated in the state’s hospitality and gaming landscape.

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