Casino Closure Alert: Maverick Gaming to Shutter SeaTac Site and Lay Off 65 Workers Following Bankruptcy

• Maverick closes SeaTac cardroom, laying off 65 employees
• Debt-fueled expansion collides with rising rates and weak returns
• Tribal-only sports betting deal shut out key revenue opportunity

Maverick Gaming will shutter its Silver Dollar SeaTac Casino on June 30, laying off 65 workers as part of a state-filed WARN notice.

The Kirkland, Wash.-based company, which is going through chapter 11 bankruptcy, previously told the Washington State Security Department (WSSD) that it planned to close the casino in December 2025.

That didn’t happen because Maverick was talking to a potential buyer, but any deal to rescue the property now appears to have fallen through.

The Silver Dollar SeaTac is a mid-sized, locals-oriented cardroom with a bar and table games, serving mostly nearby residents and airport-area traffic.

Like many of Maverick’s Washington properties, it relied heavily on repeat local customers rather than destination traffic. The layoffs include table-game dealers, security specialists, cooks, servers, and cashiers, according to the notice.

Last year, Maverick closed four cardrooms, the Dragon Tiger Casino in Mountlake Terrace, the Palace Casino in Lakewood, the Silver Dollar in Renton, and the Roman Casino in Seattle.

Spending Spree

Maverick went on a spending spree in Washington shortly after the US Supreme Court rejected PASPA, the federal prohibition of sports betting in 2018. It acquired 24 card room venues (19 in 2019 alone) to become the largest non-tribal gaming operator in the state.

In 2022, the operator sued Washington State and the federal government, arguing that tribal exclusivity in sports betting amounted to an unconstitutional monopoly. The case was ultimately dismissed, leaving the state’s tribal-only framework intact.

Oversized Portfolio

Maverick’s frenetic acquisition strategy left the company overleveraged. Meanwhile, rising interest rates compounded the problem, and as borrowing costs climbed, servicing that debt became materially more expensive, eroding already thin operating margins.

When it filed for bankruptcy in July last year, it listed assets of $100 million and liabilities of $500 million.

The company still owns or operates 19 venues in Washington, plus several more in Nevada and Colorado.