Regional gaming asset firm Maverick Gaming LLC has confirmed the closure on its purchase of CC Gaming LLC’s gaming and non-gaming assets, including Z Casino in Black Hawk, CO; Grand Z Casino Hotel in Central City, CO; Johnny Z’s Casino in Central City, CO; and the Z Stop Convenience Store and Gas in Golden, CO.
This acquisition, said the firm, will add over 1,500 slot machines, 20 table games and 119 hotel rooms to its portfolio. Black Hawk / Central City, Colorado is one of the top 15 gaming markets in the United States (as cited by the American Gaming Association). The terms of the transaction have not been disclosed.
Eric Persson, majority owner of Maverick and its affiliates, said: “We are very excited to bring the Z Gaming properties into the Maverick Gaming portfolio. 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.”
With this new acquisition, the company now has a total of 3,200 slot machines, 350 table games and 1,330 hotel rooms across 26 properties in Nevada, Washington and now Colorado.
Persson added: “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. With our management expertise we do not anticipate partnering with a third party provider.”
The firm funded the transaction primarily with cash on hand and financing from HG Vora Capital Management, a private investment firm.