About 65 employees will be laid off this summer by casino operator Maverick Gaming, as the company closes its Silver Dollar SeaTac Casino in Washington.
Maverick Gaming, which operates 27 gaming properties across Nevada, Washington and Colorado, filed for Chapter 11 bankruptcy in July under its corporate name, RunItOneTime LLC, due to financial strain from debt, operating costs and weaker performance at some locations.
“Maverick Gaming remains committed to its customers, employees, and partners,” Jeff Seery, Chief Restructuring Officer of Maverick Gaming, said in a statement at the time. “We are hopeful this process will allow us to right size our underlying business operations and preserve value for the benefit of all stakeholders.”
The company then intended to keep all casinos open during restructuring, but that position has since shifted.
The SeaTac property, located near Seattle-Tacoma International Airport, is now set to shut down, resulting in job losses going into effect June 30 for dealers, servers, cooks, cashiers and security staff, according to a Worker Adjustment and Retraining Notification filed Tuesday.
The casino was initially scheduled to close on December 2, 2025, after Maverick Gaming announced its permanent shutdown plans in September, but the closure was delayed as the company entered Chapter 11 bankruptcy and pursued a possible sale of the property. With no deal ultimately completed, the shutdown is now moving forward.
Maverick Gaming operates a total of 1,800 slot machines, 350 table games, 1020 hotel rooms, and 30 restaurants, The Street reports.
The company’s bankruptcy filing came after an S&P Global Ratings report that raised serious concerns about its financial stability, warning of elevated risk and questioning its ability to manage debt and continue operations.
The agency also criticized an aggressive acquisition strategy led by Maverick Gaming co-founder and CEO Eric Persson, stating in a June report that the company’s capital structure was “unsustainable” because high fixed costs, including interest, rent, capital expenditures, and lease obligations, were outpacing projected earnings.
