Maverick Gaming has signed a purchase agreement with CC Gaming. The agreement states that the former will acquire CC ’s gaming and non-gaming assets.
Together with its affiliates, Maverick currently holds ownerships over 23 gaming establishments in the United States.
This transaction will add over 1500 slot machines, 20 table games and 119 hotel rooms to the company’s portfolio. However, the terms of the transaction were not disclosed. The transaction is currently subject to the approval of the Colorado Limited Gaming Control Commission and is expected to close this year.
A Positive Move
Representatives from Maverick say that they are extremely pleased with the agreement:
“As Maverick continues to grow and expand our portfolio of regional gaming properties and assets, we are extremely pleased to add CC Gaming’s casinos to our company. I admire the work that John Zimpel, Owner and Managing Member of CC Gaming, has done to grow his casino business and we look forward to building upon the foundation he established,” Eric Persson, the majority owner said.
Persson further believes that this purchase puts them in position to become a significant player in the Colorado gaming market with an emphasis on Denver. Given the city’s growing population of nearly three million people, limited gaming distribution and a thriving economy, they believe that they can add value to its gaming market, which they intend to invest in as owner-operators.
“It is with great pride and hard work that my team and I have built CC Gaming into the largest locally-owned casino operation in Colorado. CC Gaming’s success can be attributed to our customer focused product offering and the best team members in Colorado. I believe that Maverick will be a great owner and operator and look forward to a smooth transition,” John Zimpel, Owner and Managing Member of CC Gaming said.
“HG Vora is an important financing partner for Maverick Gaming with deep experience in the gaming sector. We look forward to growing our portfolio over the near term with their partnership,” Persson added.
“Maverick Gaming Signs Purchase Agreement with CC Gaming”, Niji Narayan, europeangaming.eu, October 2, 2019.