US regional land-based casino operator Maverick Gaming has completed the acquisition of Evergreen Gaming Corporation in a deal worth $80.5m in cash.
Under the agreement, which was able to complete following regulatory approval from the Washington State Gambling Commission, Maverick took control of all Evergreen’s shares and assets.
Evergreen Gaming’s operations include four cardrooms across Washington: Chips Casino in Lakewood, Goldies Casino in Shoreline, Palace Casino in Lakewood and Riverside Casino in Tukwila.
The acquisition means Maverick Gaming now owns 31 casinos, hotels and manufacturing businesses across the states of Washington, Nevada and Colorado. This portfolio includes over 360 table games, 2,700 slot machines, 1,300 hotel rooms, 50 restaurants and approximately 3,500 employees.
“Strategically this acquisition is crucial to Maverick’s continued dominance in Washington State,” Maverick chief executive Eric Persson said. “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.”