Maverick Gaming Files Bankruptcy, Nevada Sites Unaffected

Maverick Gaming, a Washington-based casino and card-room operator, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, listing $100 million to $500 million in assets and liabilities. The bankruptcy filing is driven by high costs, significant debt, and decreased customer traffic, particularly in Washington, where four card rooms are set to close. Maverick's five Nevada properties, including the Maverick Casino & Hotel and Wendover Hotel & Casino, are not currently impacted and will continue to operate. Local officials in Nevada expressed surprise at the filing but remain optimistic about the properties' outlook. The bankruptcy aims to restructure corporate finances without affecting Nevada operations for now, as the situation is monitored. The case highlights broader industry trends, including slight declines in Nevada gaming revenues and recent layoffs, though major Las Vegas casino bankruptcies remain rare.