Maverick Gaming Faces Further Setbacks as Multiple Casinos Close, Impacting Dozens of Employees in Seattle Area

Maverick Gaming, the Kirkland-based casino operator, is shutting down four of its Washington state locations following a Chapter 11 bankruptcy filing in July 2025, citing financial strain from debt, operating costs, and declining customer traffic.

The closures include the Dragon Tiger Casino in Mountlake Terrace, the Palace Casino in Lakewood, the Silver Dollar in Renton, and the Roman Casino in Seattle, as confirmed by the company’s public statement and reported by multiple news outlets.

Maverick Gaming filed for bankruptcy under its corporate name, RunItOneTime LLC, in Texas, listing total liabilities and assets in the range of $100 million to $500 million, according to filings obtained by The Puget Sound Business Journal and reported by The Seattle Times.

The company attributed the decision to a combination of high rent, rising operational costs, and a sustained drop in customers, which it linked to recent tech sector layoffs in the region reducing foot traffic to its venues.

In its public statement, Maverick Gaming said the closures followed the Washington Gaming Commission’s decision to reject a petition for centralized surveillance systems, which the company argued placed its smaller cardrooms at a disadvantage compared to larger casinos with advanced monitoring technology.

“This decision follows the Washington Gaming Commissioners’ choice to shut down the centralized surveillance petition, which was intended to support Washington Cardrooms,” Maverick Gaming stated on its website. “In the decision considerations, the gaming board compared Washington cardroom casinos (15 tables) to mega casinos that attract higher volumes of traffic, impacting our operations. The lack of centralized and advanced surveillance technology, in contrast to what is available in larger establishments, has further hindered our ability to compete effectively.”

The Silver Dollar casino located near Seattle-Tacoma International Airport in SeaTac is among the venues affected, with approximately 65 employees set to be laid off effective June 30, 2026, as stated in a Worker Adjustment and Retraining Notification filed with the state.

Maverick Gaming had previously notified the state in late September 2025 of its intent to permanently close the SeaTac location by December 2, 2025, but delayed the closure due to ongoing bankruptcy proceedings and active negotiations to sell the property to a potential buyer.

The majority of the job losses at the SeaTac site impact table game dealers, with additional cuts affecting servers, line cooks, cashiers, and security staff, according to the company’s layoff notice.

Despite the closures, Maverick Gaming continues to operate 23 other casino locations across Washington, Nevada, and Colorado, having previously sold three Seattle-area properties to entities affiliated with Oak Street Real Estate Capital for nearly $62 million in 2022 and 2023 while retaining operational control of the gaming rooms.

The company relocated its headquarters from Las Vegas to Kirkland, Washington, in 2021, and remains committed to preserving value for stakeholders through its restructuring process, as stated by Chief Restructuring Officer Jeff Seery.

“Maverick Gaming remains committed to its customers, employees, and partners,” Jeff Seery said in a statement at the time of the bankruptcy filing. “We are hopeful this process will allow us to right size our underlying business operations and preserve value for the benefit of all stakeholders.”