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Maverick Gaming completes acquisition of Evergreen Gaming22 December 2022(PRESS RELEASE) -- Maverick Gaming received regulatory approval Wednesday from the Washington State Gambling Commission for its acquisition of Evergreen Gaming Corporation. Maverick Gaming assumed operations control of the property as of Wednesday, 21 December 2022. Under terms of the transaction, Maverick Gaming paid $80,475,000 in cash for all of Evergreen Gaming’s shares and assets. Evergreen Gaming consists of four cardrooms in Washington State: Chips Casino Lakewood, Goldie’s Shoreline Casino, Palace Casino Lakewood, and Riverside Casino in Tukwila. “Strategically this acquisition is crucial to Maverick’s continued dominance in Washington State,” said Eric Persson, CEO of Maverick Gaming. “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.” As a result of this transaction Maverick Gaming will own 31 casinos, hotels and manufacturing companies across Washington, Nevada and Colorado. Maverick Gaming assets include over 360 tables, 2,700 slot machines, 1,300 hotel rooms, 50 restaurants and approximately 3,500 team members. Maverick’s debt is rated BBB- by Moody’s and S&P, and is super majority owned by Persson and COO Justin Beltram who collectively have over 40 years’ experience in gaming, including 16 years at Las Vegas Sands the world’s largest gaming company by market cap. |