Maverick Gaming Closes Two Casinos in Washington Amid Bankruptcy
Maverick Gaming, a subsidiary of RunItOnTime LLC, is closing two casinos in Tukwila, Washington—Great American Casino and Riverside Casino—and laying off 238 employees as part of its ongoing bankruptcy reorganization. The closures are scheduled for November 1, 2026, following earlier shutdowns that resulted in additional job losses across the state. The company filed for Chapter 11 protection on July 14, 2025, citing financial distress due to intense competition from tribal casinos, operational challenges, and rising labor costs. A significant factor was a 46% increase in minimum wage in Tukwila between 2022 and 2025 compared to just 15% across the rest of Washington state. Maverick Gaming had previously acquired undervalued gaming assets with plans for operational improvements, but it struggled under $305.8 million in prepetition debt obligations. The company's founder Eric Persson holds a majority stake in its parent entity and owns all equity in licensed operator affiliates.
Topics: bankruptcy casino industry corporate restructuring layoffs