Maverick Gaming has signed a definitive purchase agreement with CC Gaming, Colorado’s largest locally-owned casino operator, to acquire 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.
The transaction will add over 1,500 slot machines, 20 table games and 119 hotel rooms to the Maverick portfolio. Black Hawk and Central City, Colorado, is one of the top 15 gaming markets in the US, as per the American Gaming Association. Terms of the transaction were not disclosed.
Maverick and its affiliates currently own 23 gaming establishments in the US.
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.
“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.”