Deal Closes in Weeks, Preserving 850 Jobs
Eric Persson, founder of Maverick Gaming, has agreed to buy back eight Washington casinos from the company’s lenders, reversing a scheduled closure that would have affected approximately 850 employees. The transaction is expected to close within about three weeks, according to Persson, who spoke with KIRO Newsradio.
The eight properties, which include card rooms in Everett, Silverdale, Yakima, Pasco, Kennewick, and Lakewood, were previously slated to shut down on Nov. 30 based on Worker Adjustment and Retraining Notification (WARN) notices. The deal preserves the jobs of dealers, servers, bartenders, cooks, cashiers, security workers, and managers across the eight locations.
Persson told KIRO Newsradio that the change in ownership will not alter the customer experience. “From a customer standpoint, you know nothing changes,” he said. “The building never closes.”
Nevada Properties Remain Imperiled
While the Washington properties are secured, two casinos in Elko, Nevada, face potential closure on the same Nov. 30 date. The properties at risk are the Maverick Casino Hotel and Gold Country Inn and Casino. According to reports, these closures would put 239 jobs in Nevada at risk.
The uncertainty in Nevada contrasts with the confirmed acquisition in Washington. The two Nevada locations were part of the broader asset portfolio that became entangled in the company’s financial restructuring. Unlike the Washington card rooms, no immediate buyer has been announced for the Elko properties as of the latest reporting.
Bankruptcy and Asset Transfer
The current situation stems from a series of financial moves that began in July 2025. The original Maverick business transferred its assets to lenders after struggling with debt and a decline in revenue following the pandemic. The assets subsequently came under the control of RunItOneTime LLC and its subsidiaries, including Maverick Washington LLC and Maverick Gaming LLC.
RunItOneTime LLC, identified as the lead debtor, along with dozens of affiliated companies, entered Chapter 11 bankruptcy proceedings. Persson, who had previously operated the Maverick Gaming brand, separately reacquired the name and established a new business entity to operate under it.
Under the new structure, Persson’s operation has already acquired four Washington card rooms and a manufacturing business from the lenders. The current agreement to purchase the remaining eight Washington casinos completes a significant portion of the original fleet in the state. However, the transition involves a technical employment step: employees currently on the payroll of the existing entity must be terminated by that company before being rehired by the new owner, Persson’s Maverick Gaming operation.
Disputing Bankruptcy Labels
As the transaction nears closing, Persson has addressed media reports characterizing his current Maverick Gaming business as bankrupt. He has disputed these descriptions, emphasizing that the new entity is distinct from the original company that filed for Chapter 11. The Las Vegas Review-Journal and other outlets have covered the bankruptcy filings, but Persson maintains that his current operation is a separate, solvent business moving forward with the acquisition.
The deal highlights the complex restructuring of the gaming landscape in the Pacific Northwest, where brand continuity is maintained even as corporate ownership shifts through bankruptcy and private acquisition channels. For the 850 employees in Washington, the immediate threat of job loss has been averted, while the fate of the 239 workers in Elko remains tied to the outcome of the Nevada property sales.
Why It Matters
The acquisition secures 850 jobs in Washington state, preventing the closure of eight major card room locations. This stability matters to local economies in cities like Everett and Lakewood, which rely on the casino workforce. Conversely, the potential closure of two Nevada properties leaves 239 jobs at risk, illustrating that the financial recovery is not uniform across all jurisdictions. Readers in Washington can expect no change in operations, while those in Nevada face uncertainty regarding the future of the Elko casinos.
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