Published on: April 23, 2026, 12:29h.
Updated on: April 23, 2026, 12:29h.
- Maverick shuts down SeaTac cardroom, affecting 65 jobs
- Expansion driven by debt meets obstacles from rising interest rates and poor performance
- Exclusive tribal sports betting agreement sidelines significant revenue potential
Struggling casino operator Maverick Gaming is set to close its Silver Dollar SeaTac Casino in SeaTac, Washington, on June 30, resulting in the layoff of 65 employees, as detailed in a WARN notice submitted to the Washington State Security Department.
Based in Kirkland, Washington, Maverick Gaming is currently undergoing Chapter 11 bankruptcy. Although the company initially intended to close the casino in December 2025, that plan was altered when discussions with a potential buyer emerged. Unfortunately, it seems any prospective deal has now collapsed.
The Silver Dollar SeaTac Casino is a mid-sized cardroom focused on local patrons, offering a variety of table games and a bar, and primarily servicing residents and travelers near the airport.
Much like other Maverick properties in Washington, it depended heavily on frequent local visitors rather than attracting broader destination traffic. The layoffs will impact various roles, including dealers, security staff, cooks, servers, and cashiers, as outlined in the notice.
Last year, Maverick shuttered four other cardrooms, including the Dragon Tiger Casino in Mountlake Terrace, the Palace Casino in Lakewood, the Silver Dollar in Renton, and the Roman Casino in Seattle.
Financial Challenges and Ambitious Expansion
Following the US Supreme Court’s repeal of PASPA in 2018, Maverick Gaming embarked on a rapid expansion in Washington, acquiring 24 cardroom venues (19 in 2019 alone) to emerge as the largest non-tribal gaming operator in the state.
The company was relying on lawmakers to sanction commercial sports betting. Instead, a law passed in Washington in 2020 restricted sports betting to tribal casinos, including mobile wagering being confined to tribal lands, which effectively excluded Maverick’s cardrooms from this lucrative market.
In 2022, Maverick launched a lawsuit against the state of Washington and the federal government, claiming that the tribal-exclusive sports betting framework represented an unconstitutional monopoly. However, this case was ultimately dismissed, upholding the current tribal-only system.
Overextended Operations
Maverick’s aggressive acquisition endeavors have led to significant financial strain on the company. Rising interest rates have further exacerbated these issues, making debt service increasingly costly and impacting already narrow profit margins.
When it entered bankruptcy proceedings in July of the prior year, Maverick reported assets amounting to $100 million against liabilities of $500 million.
The company still retains ownership or management over 19 venues in Washington, as well as additional locations in Nevada and Colorado.