Bally’s, Maverick Gaming Partnering on Rhode Island Poker Room

Bally’s and Maverick Gaming announced today that they are partnering on the poker room at the regional casino operator’s Twin River, R.I. gaming venue.

Bally's Rhode Island casino credit line
Bally’s officials celebrate the completion of the company’s $100 million overhaul of its Twin River Lincoln casino in Rhode Island in April 2023. The operator is partnering with Maverick Gaming on a poker room there.(Image: The Providence Journal)

Under the terms of the agreement, the poker room will be named the Bally’s Maverick Poker Room. Financial terms of the accord weren’t disclosed. Washington-based Maverick is led by CEO Eric Persson who is an accomplished poker player.

Our goal is to elevate the gaming experience of our poker room by tapping into the knowledge and experience of Maverick Gaming to attract world-renowned poker players and position the Bally’s Maverick Poker Room as the premier poker destination in the region,” Tony Rohrer, regional vice president and general manager of Bally’s Twin River, said in a statement.

Maverick owns several casinos in Colorado and Nevada as well as nearly two dozen card rooms in its home state. The poker room at Bally’s Twin River will have daily tournaments with buy-ins ranging from $50 to $450 and cash games as well.

Bally’s, Maverick Gaming Have History

Bally’s and Maverick Gaming share history. In 2020, Maverick attempted to acquire the Eldorado casino hotel in Shreveport, La. ahead of that operator’s merger with Caesars Entertainment, but that venue was ultimately sold to Bally’s.

In May 2023, Bally’s and Maverick announced plans for the Maverick Gaming Poker Room at the Tropicana on the Las Vegas Strip, but that effort didn’t gain momentum because the integrated resort was shuttered earlier this year to potentially make way for a Major League Baseball stadium — an increasingly unlikely prospect.

Additionally, Persson frequently appears on “Bally’s Big Bet Poker,” which features high stakes poker games.

“Our long-term plan is to eventually, with proper regulatory approval, hold tournaments seven days a week, with varying buy-ins to accommodate all types of recreational and professional players,” said Persson in the press release. “Additionally, Bally’s Twin River is an ideal setting for our twice-annual circuit event that likely will attract more than 3,000 players.”

Bally’s Bolstering Rhode Island Casino

The poker room partnership with Maverick Gaming is one example of Bally’s ongoing efforts to bolster its Twin River property. The company has spent $60 million sprucing up the venue, including the addition of non-smoking gaming space.

“We recently introduced an Asian food hall, Korean-style spa, gaming addition, and new no-smoking areas. These enhancements underscore our ongoing efforts to innovate and exceed expectations, providing guests with unparalleled comfort and enjoyment,” added Rohrer.

The expenditures at Bally’s Twin River were part of $100 million in spending pledged by the operator to improve its Rhode Island venues. The other is located in Tiverton.

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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