Maverick Washington LLC plans to close eight casinos across Washington on November 30, placing 850 jobs at risk while its parent company continues restructuring under Chapter 11 bankruptcy protection. The affected properties are Great American Casino in Everett, Chip’s Casino, Macau Casino and Palace Casino in Lakewood, All Star Casino in Silverdale, Casino Caribbean in Yakima, Crazy Moose Casino in Pasco and Coyote Bob’s Casino in Kennewick. Maverick filed separate Worker Adjustment and Retraining Notification notices with the Washington Employment […]

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Maverick Gaming has announced plans to shut down two of its casino properties in Tukwila, Washington, a move that will result in 238 employees losing their jobs as the company continues restructuring efforts while operating under Chapter 11 bankruptcy protection. State Worker Adjustment and Retraining Notification (WARN) filings submitted on Monday show that the Kirkland-based gaming operator will permanently close both Great American Casino and Riverside Casino, which are located on Interurban Avenue South. The closures are scheduled to take […]

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Papaya Gaming, the Israeli company behind Solitaire Cash, has filed for Chapter 15 protection in the United States after a court ordered it to pay $719 million to rival Firy Inc., formerly known as Skillz. The company said the filing will help protect its assets and allow it to continue operating while it appeals the judgment. Papaya has also started related legal proceedings in Israel, where it received a temporary stay of proceedings as it challenges the US ruling. The dispute […]

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A federal bankruptcy court has approved the $90 million sale of Hawthorne Race Course, bringing live horse racing at the historic Chicago-area venue to an end and requiring residents and horses on the backstretch to leave by August 31. Allimac 2023 LLC, a Delaware-based real estate company, will purchase the 107-acre property in Stickney and plans to redevelop the site. The transaction is expected to close on September 1 or September 2. Hawthorne filed for Chapter 11 bankruptcy protection on […]

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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 […]

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Maverick Gaming will close its Silver Dollar SeaTac Casino in Washington state and lay off about 65 employees, according to a new worker notification filing tied to the company’s restructuring efforts. The Kirkland-based casino operator said the job cuts are scheduled to take effect on June 30. Positions affected span multiple departments, with table game dealers representing the largest share of impacted workers. Other roles listed include servers, line cooks, cashiers and security staff. The closure marks a shift from the […]

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Hawthorne Race Course has entered Chapter 11 bankruptcy proceedings in federal court in Chicago, taking what executives describe as a necessary step to stabilize operations and seek new investment. The filing, submitted Feb. 27, aims to restructure debt while keeping the long-running Stickney track active and preserving hundreds of jobs tied to Illinois racing. License Suspensions and Financial Pressures The 134-year-old venue, the only remaining racetrack in northern Illinois, has faced mounting financial strain. Management stated that the reorganization is intended […]

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Chicago-area horse racing is approaching a critical moment as Hawthorne Race Course struggles to stabilize its finances amid unpaid obligations, suspended racing, and growing concern from horsemen that the region’s last remaining track may be nearing the end of its operations. During a meeting of the Illinois Racing Board on January 28, Hawthorne assistant general manager John Walsh acknowledged that the track is currently unable to meet its financial commitments. He told regulators that Hawthorne cannot honor checks issued to horsemen and […]

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The sale of Imperial Pacific International’s (IPI) Saipan casino assets has officially closed, marking a major milestone in a bankruptcy process that has stretched on for over a year. Team King Investment (CNMI) LLC, a newly formed company that won the bid at a court-supervised auction in February, completed the transaction on August 20 after transferring the full purchase price of $12.95 million into escrow. The deal’s completion allowed CNMI Bankruptcy Judge Robert J. Faris to lift his earlier order […]

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The recent bankruptcy filing by Maverick Gaming, a Washington-based casino operator, has raised significant concerns about the potential role played by its financial backer, HG Vora Capital Management, in the company’s aggressive expansion and ultimate financial collapse. While the specifics of HG Vora’s influence on Maverick’s strategic decisions remain unconfirmed, industry insiders have highlighted the possibility that the investment firm’s involvement contributed to the company’s overextension, setting the stage for its downfall. Founded by professional poker player Eric Persson, Maverick Gaming made headlines in recent […]

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