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Maverick Gaming Continues Impressive Growth with GCG Acquisitions
News broke that Maverick was looking to acquire shares of Great American Gaming a few weeks ago, and this seems to be a big move for both companies. Great Canadian Gaming is looking to increase its portfolio domestically, and this is something that they feel like they could do better with an injection of cash more than anything else. The company’s strategic goals for the future don’t seem to include US-based casinos, and it seems instead like they are looking to improve their growth across Canada.
Maverick is another company looking to grow and attract new business, and Maverick buying Washington casinos is something that plays a big part in the process. This indicates that there is still a market for Canadian casinos in the United States, but the move could also harm potential relationships between US and Canadian casinos.
This follows Maverick acquiring more casinos as part of a deal with CC Gaming, which happened around 4 weeks ago. As part of that deal, Maverick acquired Red Lion Casino, Gold Country Casino, and High Desert Inn, which included over 400 slots, and 11 table games. This was a bold move by Maverick and has seen them slowly increase their influence across the United States. This move is perhaps what emboldened the company to make the $56 million bid for the three GCG Washington casinos.
Great Canadian Gaming most likely is looking to improve its domestic influence, and there are plenty of ways it can go about achieving this. We have seen developments in the news of late surrounding sports betting in the Canadian market, and this could well be something GCG is looking to integrate. Indeed, Ontario has already expressed an interest in getting more involved with sports betting, and this could be one of the best avenues for the company to explore moving forward. It seems likely that we will start to see a lot more of Great Canadian Gaming over the next few years, and this is certainly something to think about for the future.