Hey there, I’m Ola, and today, we’re diving into the fascinating world of Eric Persson’s net worth. You’re in the right place if you’re curious about who Eric Persson is and how he’s accumulated his wealth.
We will take a close look at his past, his business interests, and his poker pursuits to accurately determine his wealth.
Eric Persson Net Worth: Who Is Eric Persson?
Eric Persson, an American entrepreneur with experience and multidimensional skills, has thrived in many areas. He’s most famous for being one of the co-founders and CEO of Maverick Gaming. The company is the operator of some casino facilities in different states. However, this is just one aspect of Eric’s story. Read on to review his journey in more depth.
The Early Years and Education
Eric Persson grew up on the edge of Washington State near the Shoalwater Bay Indian Nation. He knew early on in his childhood and youth what he would do with his adult life. Since the 1st grade, he knew that he wanted to work in games once a grown-up. That initial love of video games would later impact his life.
Eric’s educational journey continued after high school, and attended the University of Nevada in Las Vegas (UNLV) for further studies. He studied an extensive variety of disciplines while there: Sociology, Criminal Justice, Psychology, Politics, Government (also known as Political Science), and Communication. He graduated with a Bachelor of Arts in 1998 to conclude his undergraduate education.
But Eric’s hunger for information continued at this point. He opted to further his studies and joined the law school at Georgetown University. He worked for many years to earn his law degree in 2001. Interestingly, Eric has admitted to funding his undergrad and graduate education through winnings in poker, highlighting an inclination toward the card game from an early age.
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Eric Persson Business Ventures
When he was done with the law, Eric began his journey in the Gaming Industry. From there, he went to work at a casino in Topeka, KS and moved up the ladder. Eventually, he wound up holding senior positions in gaming operations for one casino located far off from the city lights in Wheeling, WV, and one right smack dab in the heart of the most iconic of all gaming Mecca’s Las Vegas!
Before joining Maverick Entertainment Group, Mr. Persson occupied leadership roles in established corporations. He was a senior vice president at the illustrious “Las Vegas Sands Corporation,” a conglomerate in casinos and hospitality. In addition to this, he also played as President and COO at Azure Gaming, which demonstrated his administration and management abilities further.
Eric credits his accomplishments to many mentors and influencers he’s met along the way in the various business paths he walked. Notably, he names five billionaires he has worked with who have significantly influenced his approach to business: Michael Gaughan, Kazuo Okada, Jeremy Jacobs, and Jeffrey Gural [7]. They are driven by passion, vision, and the ability to make dreams come true.
“All of these men have the will to envision what they wish to see and to go out then and make it occur … [n]one of them were spectators to life,” Eric Persson stated in a 2019 interview, “I have no aim to sit
Maverick Gaming: Building a Casino Empire
One of his most significant endeavors being cofounded with Justin Beltram, Maverick Gaming, as its name implies, is an independent studio that dares to go against the grain. In December 2017, Maverick Gaming debuted by acquiring two casinos: The Wendover Nugget Hotel and Casino and the Red Garter Hotel and Casino — located in West Wendover, Nevada. These initial purchases had a hefty cost of around $43 million invested.
But Maverick Gaming wasn’t done. The company expanded further by acquiring smaller regional gambling venues with EBITDA of approximately $2 to $30 million. In December 2022, news broke about Maverick Gaming acquiring four card rooms in Washington state for an asking price of $80.5m. As a result, Maverick expanded its gaming portfolio to 31 units with a presence in Nevada, Colorado, and Washington.
Eric Persson has voiced his desire to keep Maverick Gaming private, signaling a continued dedication to the original plan. The CEO also said on many occasions that in the future, he would pass down the baton of the company to his son and leave a sustainable impression on the gaming arena.
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The Sports Betting Lawsuit
In January of 2022, Maverick Gaming hit the news again when they sued State and Federal government entities. The suit, he said, sought to break what Maverick views as a monopoly of tribes who run sports betting in the state of Washington. After The U.S. Supreme Court decision in 2018 overturned bans on sports, Native American land in Washington was given exclusivity to Sports Betting.
The Maverick Gaming Group said that Washington state’s interpretation and application of the IGRA has established a cartel and is unconstitutional under the equal protection clause because of its discriminatory treatment based on race. ##, the Shoalwater Bay Indian Tribe, of which Eric Persson is a member and which holds treaty fishing rights adjacent to Maverick’s fishing area, chose to file an amicus brief supporting Maverick’s petition for writ of mandamus
In February of 2023, U.S. district judge David Estudillo agreed with the tribes and expressed concern that if Maverick got the relief he sought, it “would burden Indian tribes’ revenues, contracts, and both tribal and non-tribal.
The judgment was overturned on an appeal within a day of being passed down, with Maverick Gaming signaling its willingness to take the case to the Supreme Court if needed. The outcome of this lawsuit could have implications that extend beyond Washington state and may affect other states where tribes hold a firm grip on sports betting law, such as Florida.
Poker: A Passion and Brand Building
Over the 17 years we’ve known him, Eric Persson has shown an impressive passion for poker ever since he was in college. He excels at cash games, which differs from tournament-type poker often televised.
Recently, Eric has been trying his hand at playing televised Poker matches and using Social Media to bring attention to the Maverick Gaming brand over the past few years.
So far, one of the highlights of Eric Persson’s poker journey took place on February 22nd and February 22nd, 2023. He saw action In the poker game with the Biggest Pot in U.S. Television history. In the PokerGO No Gamble, No Future cash game, Eric Persson and Patrik Antonius faced each other in the biggest pot ever, ending at $1,780,000 for Patrik to collect.
This feat eclipses the previous mark of 1,158,000 set at Hustler Casino Live last month. With his regular spot on every season of No Gamble, No Future since its inception four years ago, Eric Persson is a familiar face to fans of televised poker.
In addition, he was one of the participants in High Stakes Poker’s Season 10, the first show of which took place on January 1st and January 1st, 2023. He is also returning in Season 11, the premier season of the Live Streamed High Stakes Poker.
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Personal Life and Family
While Eric Persson is well-known in the boardroom or at poker tables — his life goes beyond this. He’s a household father of 4 kids. Eric lives in the Las Vegas area with his wife and sons. He also has two daughters, with whom he lives in Miami from a previous marriage.
“That commitment to his family and career shows through in how he’s trying to succeed in business and poker,” says Cronos Group CEO Michael Gronager. He is an inspiration for the ones who dream of achieving through hard work and perseverance.
Eric Persson Net Worth: A Summation
Now, let’s address the question that brought us here: Eric Persson net worth. Now, while the numbers can vary depending on things like business deals or poker wins, it is safe to say that Eric Persson, who lives in Texas with his wife and three kids, would be a millionaire many times over.
Most impressively, he is the CEO at Maverick Gaming, an expanding collection of gaming holdings that certainly adds to his fortune. Furthermore, the high-stakes poker games and his presence on social media for brand building must have also contributed to his wealth.
Although we don’t have specific numbers on Eric Persson’s net worth, it is evident that through his varied work experiences and business endeavors, he has created a name for himself within the poker world and the game industry.
He had begun as an avid, little poker enthusiast student because of his persistence and determination to become a businessman and a poker player.
As such, Eric Persson’s net worth is a testament to his varied professional endeavors and capacity for recognizing opportunities across the gaming and entertainment landscape. With this business and poker fame, his monetary fortune will likely increase, too.
Reference: Wikipedia