Maverick Gaming is closing Riverside Casino and Great American Casino in Tukwila, Washington. The two properties will shut down as part of a reorganisation following the bankruptcy filing of parent company RunItOnTime LLC in 2024. The closures will affect 238 staff: 142 at Riverside and 96 at Great American.
At the time of the filing, the chain operated 24 casinos and card rooms across Washington, Nevada and Colorado. Several properties have since closed, including Silver Dollar Casino Mill Creek in Bothell and Crazy Moose Casino Mountlake in Mountlake Terrace three months ago. The company continues to hire for remaining locations in Elko, West Wendover, Nevada, Silverdale, Washington, and Central City, Colorado.
The bankruptcy followed a series of expensive acquisitions under co-founder and CEO Eric Persson. S&P Global Ratings said in June 2024 that Maverick's capital structure was unsustainable: fixed costs for interest, rent and asset maintenance were too high relative to projected EBITDA. The agency expected the company to burn cash throughout 2024 because of large floating-rate debt in a high-interest environment.
Maverick operates at a structural disadvantage. Tribal casinos in Washington pay no gambling tax, offer more games and have higher table limits. In December 2024, the Ninth Circuit Court of Appeals rejected Maverick's challenge to the tribal monopoly on sports betting in the state.
Labour costs also played a role: the minimum wage in Tukwila rose 46% between 2022 and 2025, while the rest of Washington saw an increase of only 15%, according to The Street.
