Maverick Gaming has signed a conclusive purchase agreement with CC Gaming, Colorado’s largest locally owned casino operator to attain its gaming and non-gaming assets. These include Z Casino in Black Hawk; Grand Z Casino Hotel in Central City; Johnny Z’s Casino in Central City; and the Z Stop Convenience Store and Gas in Golden.
Maverick and its partners currently own 23 gaming establishments in the US. The transaction will add over 1500 slot machines, 20 table games and 119 hotel rooms to the Maverick portfolio. The terms of the transaction were not revealed. The transaction is subject to the approval of the Colorado Limited Gaming Control Commission and is expected to close this year.
Eric Persson, the majority owner of Maverick and its affiliates, said:
“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. 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.”
Further he added:
“We believe this purchase puts us in position to become a significant player in the Colorado gaming market with an emphasis on Denver. Given Denver’s growing population of nearly three million people, limited gaming distribution and a thriving economy, we believe we can add value to the Denver gaming market, which we intend to invest in as owner-operators.”
John Zimpel, Owner and Managing Member of CC Gaming said:
“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.”