Maverick to Shut SeaTac Casino, Cut 65 Jobs

Maverick Gaming will permanently shut down its Silver Dollar SeaTac Casino on June 30, 2026, resulting in the layoff of 65 workers at the regional cardroom located near Seattle-Tacoma International Airport. The impending closure represents the latest operational consolidation for the operator as it navigates court-supervised Chapter 11 bankruptcy protection under its corporate name, RunItOneTime LLC. The move marks a definitive shift from the company’s initial restructuring stance, following a sequence of regional shutdowns that have systematically contracted Maverick’s presence across Washington State.

The Silver Dollar SeaTac is a mid-sized, neighbourhood-style room with a bar and table games, the kind of property that lives or dies on steady local traffic rather than destination spend. For 65 people, the news is a P45. For Maverick, it is one more line item in a restructuring that keeps getting smaller.

A Restructuring That Keeps Shrinking

The Kirkland-based operator originally sought Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas in July 2025. In its initial petitions, Maverick disclosed an unsustainable capital structure, listing total assets valued between $100 million and $500 million against matching liabilities within the exact same $100 million to $500 million range.

That kind of gap forces hard math, and the SeaTac closure is the visible result of it. Maverick still runs 19 venues in Washington, plus properties in Nevada and Colorado, but the Washington estate is the one being trimmed.

This is not the first cut, either. Four other Maverick cardrooms went dark across the state in 2025, including the Dragon Tiger Casino in Mountlake Terrace, the Palace Casino in Lakewood, the Silver Dollar in Renton and the Roman Casino in Seattle. SeaTac makes five.

A Squeeze on the Cardroom Model

Washington’s house-banked cardrooms occupy an odd slice of the gambling market. They are not tribal casinos, which dominate the state, and they are not the online operators pulling players to their phones. They sit in the middle, carrying real estate and payroll while competing for attention against bigger rooms and a screen in every pocket. When a leveraged operator hits trouble, the mid-sized cardroom is the first thing to go.

Bankruptcy speeds that math up. Once a company is reorganising under court supervision, every property has to justify its rent and payroll against the cash it throws off, and the rooms that cannot clear that bar get cut first. The four 2025 closures worked exactly that way, and SeaTac is the same logic applied again. Each closure shrinks the payroll and the lease load, which is the point of the exercise, even if it reads as decline from the outside.

What is concrete is the count. Five Washington closures and 65 more jobs gone, all traceable to a balance sheet that listed five times as much owed as owned. The Silver Dollar SeaTac deals its last hand on June 30.

The closure highlights one end of the casino business cycle, while the proposed People Inc MGM bid shows how much strategic interest remains at the top of the market.