Washington state card room operator Maverick Gaming received regulatory approval just before Christmas from the Washington State Gambling Commission for its acquisition of Evergreen Gaming Corporation.
Maverick Gaming, which already operated 10 card rooms in Washington, added four with the addition of Evergreen. Maverick assumed operational control of Evergreen on December 21. Under terms of the transaction, Maverick Gaming paid $80.47 million in cash for all of Evergreen Gaming’s shares and assets.
Evergreen Gaming consists of four card rooms in Washington state: Chips Casino in Lakewood, Goldies Casino in Shoreline, Palace Casino in Lakewood and Riverside Casino in Tukwila.
“Strategically, this acquisition is crucial to Maverick’s continued dominance in Washington state,” said Eric Persson, CEO of Maverick Gaming. “We expect there to be enormous consolidation as well as operational and marketing benefits to our company as a result of this transaction.
“Maverick will move swiftly to integrate these two companies in all aspects, and we expect to see benefits from this purchase by January.”