Maverick Gaming, a casino and cardroom operator based in Washington state, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The filing, made on Monday, lists the company’s total liabilities and assets in the range of $100 million to $500 million.
The company, led by CEO and co-founder Eric Persson, operates a portfolio of 27 properties across Washington, Nevada, and Colorado. According to court documents, its holdings include approximately 2,500 slot machines, 320 table games, 1,200 hotel rooms, and 30 restaurants. The bankruptcy comes after a period of aggressive expansion under Persson that drew scrutiny from credit analysts.
S&P Global Ratings, in a June…