Browse articles by topic

Maverick Gaming finalises acquisition of CC Gaming assets


US casino operator Maverick Gaming has completed its acquisition of the gaming and non-gaming assets of Colorado-based CC Gaming.

Maverick will take ownership of the Z Casino in Black Hawk, the Grand Z Casino Hotel and Johnny Z’s Casino in Central City, as well as the Z Stop Convenience Store and Gas in Golden.

According to Maverick, which announced the deal in October, the acquisition will add more than 1,500 slot machines, 20 table games and 119 hotel rooms to its portfolio.

Maverick will now run a total of 3,200 slot machines, 350 table games and 1,330 hotel rooms across 26 properties in Nevada, Washington and Colorado.

“We are very excited to bring the Z Gaming properties into the Maverick Gaming portfolio,” Maverick’s majority owner Eric Persson said. “Given Denver’s growing population of nearly three million people, with limited gaming distribution and a thriving economy, we are committed to invest in our new properties and add value to the Denver gaming market.

“This purchase gives Maverick Gaming sports betting in two states and we look forward to adding two more jurisdictions in the coming months, as well as, working hard to educate Washingtonians on the benefits that sports betting will bring to their state.”

Financial terms of the acquisition agreement were not disclosed, but Maverick did confirm that it funded the deal primarily with cash on hand and financing from HG Vora Capital Management.