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Maverick Gaming

“Can a regionally-focused gaming operator build a scalable multi-state casino and cardroom portfolio by turning around underperforming properties before competition from tribal gaming and debt load overwhelm the model?”

Founded2017
HQKirkland, Washington, USA
FoundersEric Persson, Justin Beltram
IndustryHospitality / Gaming
The story

Founded by gaming veterans Eric Persson and Justin Beltram, Maverick Gaming pursued an aggressive acquisition strategy to build a multi-state portfolio of cardrooms and regional casinos across Washington, Nevada, and Colorado. The company differentiated through responsible gaming leadership and a neighborhood entertainment positioning. Facing intense competition from tribal casinos, operational headwinds, and a heavy debt load, Maverick filed for Chapter 11 bankruptcy in July 2025, supported by a restructuring agreement with its secured lenders and $25.5M in DIP financing.

Last 12 months
2025-07
Product timeline
2017
Maverick Gaming founded by Eric Persson and Justin Beltram, gaming industry veterans, to acquire and turn around underperforming casino and cardroom properties.· pivot
2021
Became first Washington State gaming operator to implement a centralized self-exclusion system, over a year before state mandate.· banking
2023
Published updated Privacy Policy covering mobile app and website, signaling digital product expansion.· pivot
2025
Filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas with $25.5M in DIP financing and a transaction support agreement with key secured lenders.· acquisition
The stack
1 layer disclosed in Maverick Gaming’s embedded-finance stack
Banking / BaaS
GBank
Accounting gap: none