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Two Washington casinos face uncertainty amid Maverick bankruptcy

Maverick cited debt, tribal competition and broader industry headwinds among the factors behind its bankruptcy.

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Maverick Bankruptcy Washington
Key Points
Crazy Moose Casino in Pasco could close on November 30 or continue under new management
No information currently indicates whether Coyote Bob’s will face changes or close

Two casinos in Washington’s Tri-Cities region face an uncertain future following the bankruptcy of their operator, Maverick Gaming.

Crazy Moose Casino in Pasco could either close on November 30 or continue operating under new management, according to a notice from Maverick Washington, a division of bankrupt Maverick Gaming.

Plans could change as part of the bankruptcy proceedings. New owners or operators could keep the casino open, or the closure could be delayed.

Maverick Gaming and its parent company, RunItOneTime, sought bankruptcy protection in Texas in 2025. The proceedings involve nearly 70 affiliated entities, including Maverick Washington.

The Washington affiliate operates 17 of the state’s 40 public house-banked card rooms, including Crazy Moose Casino and Coyote Bob’s Roadhouse Casino. No information is available on what, if anything, could change at Coyote Bob’s.

Crazy Moose employs 137 people and features 15 table games, a card room and poker across its 17,500-square-foot property. Coyote Bob’s covers about 5,000 square feet and has 12 table games and a card room.

In court filings, Maverick attributed its financial difficulties to debt, competition from tribal casinos in Washington, operational misalignments and wider industry headwinds.

In 2022, RunItOneTime and Maverick sold both local casinos as part of a $110.3m real estate sale-and-leaseback deal with New York asset manager Blue Owl Capital. Maverick retained operational control of the properties but stopped paying rent in April 2025.

Last month, a Washington court ordered Kalshi to restrict access to its prediction markets through a two-stage geofencing system, adding to a growing series of conflicting court rulings over states’ authority to regulate prediction markets.

Good to know

RunItOneTime reported between 25,000 and 50,000 creditors, with both its assets and liabilities estimated at $100m to $500m in bankruptcy filings

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