![]() ![]() Maverick now comfortably owns the majority of Washington cardrooms. Such transactions give Maverick further capital to potentially acquire more of the cardrooms in Washington. Maverick has not alluded to performing a similar move with All-Star, at least as of Thursday. For the gambling companies, it allows them to focus on running the properties while avoiding overhead that comes with ownership of the facilities. Gaming companies like Maverick lease the properties from the real estate firms. These arrangements are becoming more common in connection to gambling facilities in the United States. The sale and lease of the Palace and Chips Casino in Lakewood represented the second such transaction between Maverick and Oak Street Real Estate Capital. In June, Maverick sold the real estate connected to one of its Washington cardrooms to a firm that specializes in real estate holdings. Could All-Star become latest real estate sale and lease transaction? Those operations don’t represent the real estate in every case. ![]() While it also has gambling facilities in Colorado and Nevada, its headquarters and most of its operations are in Washington. Maverick has expanded via acquisitions since late 2022. Across Washington, there are 41 licensees for house-banked cardrooms. ![]() Maverick intends to integrate its internal self-exclusion program and other gambling policies at All-Star. In addition to dining and non-gaming entertainment, All-Star Lanes & Casino offers poker and other house-banked card games. Maverick Gaming buys All-Star Lanes & CasinoĪccording to a Thursday news release from Maverick Gaming, the Silverdale, Washington, cardroom is now part of Maverick’s operations. It’s unclear whether Maverick will retain ownership of the facility moving forward, however. Maverick Gaming has acquired another Washington cardroom, bringing its total in the state to 23. When it comes to cardrooms in Washington, a depiction of the Monopoly man might be more accurate. Maverick Gaming’s logo features the classic imagery of a wild west outlaw. ![]()
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