RunItOneTime LLC d/b/a Maverick Gaming LLC has filed for Chapter 11 bankruptcy protection, but it intends to continue to run all but one of its 27 properties across Washington State, Nevada, and Colorado.
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Shaky Financial Footing
It is not often we see a gambling company file for bankruptcy, but we are witnessing it now after Maverick Gaming, a privately held entity founded in 2017, announced its latest strategic decision.
According to an announcement on its website, “The decision to initiate this court-supervised process follows a strategic review of Maverick’s capital structure and operations. On June 25, 2025, Maverick, a majority of its secured lenders, and its majority shareholder entered into a transaction support agreement, pursuant to which certain secured lenders will provide new money financing, and the Company intends to pursue a restructuring or sale process under the supervision of the Bankruptcy Court.”
Despite the financial upheaval, Maverick intends to keep its properties, operating without any discernible change to staff or its customers. The notable exception is the Silver Dollar Casino in SeaTac.
“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.
SeaTac Casino Shuttered
Maverick Gaming plans to cut around 65 jobs as it moves forward with closing its Silver Dollar Casino in SeaTac, Washington. The layoffs were disclosed in a Worker Adjustment and Retraining Notification (WARN) filing submitted on Tuesday, with the reductions set to take effect June 30.
“The WARN said Maverick told the state in September it planned to close the Silver Dollar, located at 19202 Pacific Highway S., in December, but Maverick didn’t end up doing so because it was negotiating a sale of the Silver Dollar as part of an ongoing bankruptcy proceeding. The company now plans to close the casino,” according to the report.
The cuts will affect a variety of positions across the property, according to sources familiar with the situation. Table dealers make up the largest share of those impacted, though servers, line cooks, cashiers, and security staff are also included.
Maverick Gaming initially announced in September 2025 that it intended to close the casino on December 2, 2025, but those plans were pushed back while the company worked through Chapter 11 bankruptcy proceedings and explored a possible sale of the site.
Fast forward to July 2025, and Maverick Gaming filed for Chapter 11. Despite the SeaTac closure, the company still operates 24 other casino locations across Washington, along with additional properties in Nevada and Colorado.
In earlier deals, unrelated to the recent bankruptcy filing, Maverick sold three properties in the Seattle area to affiliates of Oak Street Real Estate Capital for nearly $62 million between 2022 and 2023, while continuing to run gaming operations at those locations.
The company’s headquarters is now based in Kirkland, Washington, since moving out of Las Vegas in 2021. The bankruptcy reports show that its assets and liabilities were each estimated to be between $100 million and $500 million.
