Industry sources have highlighted to NEXT.io HG Vora’s involvement in Maverick Gaming’s expansion strategy, which contributed to its eventual bankruptcy. Maverick Gaming, a Washington-based card room and casino operator founded by pro poker player Eric Persson, filed for Chapter 11 Bankruptcy protection [last] month.
An S&P credit rating note published June 2024 had previously highlighted the company’s “unsustainable” capital structure, due to its high debt balance in a difficult interest rate environment.
This followed an aggressive expansion strategy, where Maverick purchased numerous properties across…