Maverick Gaming Files for Chapter 11 Bankruptcy Protection
Maverick Gaming, a privately held regional casino and card‑room operator based in Washington State, has filed for Chapter 11 bankruptcy protection. The move follows a 2024 debt restructuring effort and coincided with S&P Global Ratings pulling its rating due to lack of transparency on financial metrics.
In its bankruptcy filing with the Texas court, Maverick disclosed total assets and liabilities ranging between \$100 million and \$500 million. The Chapter 11 process will allow the company to continue operations while negotiating with creditors and devising a plan to stabilize its financial standing.
Industry analysts view this development as emblematic of the mounting pressures on mid‑tier regional operators, squeezed between large national chains and online competitors. While Maverick continues to operate, its bankruptcy highlights ongoing consolidation trends within the casino sector.
Insiders note that Maverick’s restructuring could prompt a wave of mergers or asset sales, with larger operators positioned to acquire distressed properties at favorable prices.
