Maverick Gaming will close two additional casinos in Washington state and eliminate 132 jobs as the company continues its financial restructuring under Chapter 11 bankruptcy protection.

The latest closures affect the Silver Dollar Mill Creek Casino in Mill Creek and the Crazy Moose Mountlake Casino in Mountlake Terrace. According to filings submitted under the Worker Adjustment and Retraining Notification (WARN) Act, the layoffs are expected to take effect on 31 July, as KIRO 7 News Seattle reports.

The announcement marks another step in the Kirkland-based operator’s ongoing efforts to address financial challenges that led to its bankruptcy filing last year. Over recent months, Maverick has disclosed multiple rounds of workforce reductions across several properties in Washington.

Workforce Reductions Expand Across Washington Properties

The largest number of affected employees will come from Crazy Moose Mountlake Casino, where approximately 82 workers are expected to lose their jobs following the property’s closure. Most of the impacted positions are table game dealers, although hospitality and security staff are also included in the layoffs.

At Silver Dollar Mill Creek Casino, around 41 employees are scheduled to be laid off. The reductions span several departments, including gaming operations, security, and management.

These latest cuts add to previous workforce reductions announced by Maverick over the past two months. Combined, the company has disclosed three rounds of layoffs affecting 188 positions across locations in SeaTac, Bothell, and Mountlake Terrace.

The company previously revealed plans to close the Silver Dollar SeaTac Casino after a proposed sale failed to materialize during ongoing bankruptcy proceedings. Earlier notices indicated the property had initially been expected to close months earlier while Maverick explored alternatives through the court-supervised process.

Bankruptcy Proceedings Continue Following Financial Struggles

Maverick Gaming entered Chapter 11 bankruptcy proceedings in July 2025 through its corporate entity RunItOneTime LLC. Court filings showed the company reported assets and liabilities ranging between $100 million and $500 million.

The filing followed a period of financial pressure that persisted despite a debt restructuring completed in 2024. Prior to the bankruptcy process, ratings agency S&P Global Ratings raised concerns about the company’s financial position, describing its capital structure as unsustainable due to fixed costs exceeding projected earnings.

The agency later withdrew its ratings coverage of Maverick, including its ‘CCC’ issuer credit rating, citing insufficient information to continue monitoring the business. At the time, the outlook on the company remained negative.

Maverick has maintained that bankruptcy protection would provide a framework for restructuring its obligations while preserving operations. When the filing was announced, the company stated:

“The decision to initiate this court-supervised process follows a strategic review of Maverick’s capital structure and operations.”

At that stage, management also emphasized that properties would remain operational during the restructuring process.

“Maverick Gaming’s properties remain open and operational, and the company is continuing to deliver the same high-quality gaming and hospitality experience that customers have come to expect,” the company shared.

Previous Closures and Regulatory Challenges

The latest shutdowns follow several property closures that occurred after Maverick sought bankruptcy protection. During 2025, the company closed Dragon Tiger Casino in Mountlake Terrace, Palace Casino in Lakewood, Silver Dollar Casino in Renton, and Roman Casino in Seattle.

Maverick attributed some of its operating difficulties to a decision involving surveillance technology for Washington cardrooms. In a statement published on its website, the company said:

“This decision follows the Washington Gaming Commissioners’ choice to shut down the centralized surveillance petition, which was intended to support Washington Cardrooms.”

The statement continued:

“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.”

Despite the closures, Maverick remains a significant regional gaming operator. The company reports ownership and operation of 27 properties across Washington, Nevada, and Colorado. Its portfolio includes approximately 1,800 slot machines, 350 table games, more than 1,000 hotel rooms, and 30 restaurants.

The latest casino closures indicate that Maverick continues to reshape its operations while navigating the bankruptcy process and seeking a path toward long-term financial stability.