Boyd Gaming Corp. said Tuesday that it has completed its $1.45 billion acquisition of Peninsula Gaming, the operator of the Kansas Star Casino in Mulvane.
With the acquisition, Las Vegas-based Boyd Gaming owns and operates 22 properties in eight states.
“This is a significant milestone for our Company, and we are pleased to be able to expand our footprint into Iowa and Kansas, as well as add additional markets in Louisiana,” Keith Smith, president and CEO of Boyd Gaming, said in a news release.
Smith added that the two companies share similar cultures and business models.
No management changes at Kansas Star are planned with the ownership change, casino spokeswoman Megan Strader confirmed Tuesday.
Last week, the Kansas Lottery Commission approved the sale of Peninsula, which built the Kansas Star Casino. The commission also approved Peninsula’s management contract with the state to Boyd. The Lottery owns and operates the games at the Kansas Star and two other state-owned casinos.
And on Friday the Kansas Racing and Gaming Commission approved background checks and licensing on Boyd, said Bill Miskell, spokesman for the racing commission.
The ownership change comes nearly four weeks after the Hampton Inn and Suites Mulvane/Kansas Star Casino opened. The 150-room hotel serves the casino and is one of the last pieces of the casino project.
The next piece is the opening of Kansas Star’s permanent casino. Kansas Star officials have said the permanent casino is expected to be open by the end of the year. On Tuesday, Strader said an opening date has not been announced.
“Not one that I can release,” she said when asked about the date.
The gaming area, which opened last December, is currently housed in a 5,000-seat arena designed for equestrian and other entertainment events, such as concerts.
The permanent casino will have a gaming floor with more than 1,800 slots and 45 table games. There also will be a 10-table poker room, as well as a number of restaurants and food service amenities, including a steakhouse, a sports bar, a 250-seat buffet, a deli and an Asian noodle bar.
According to information on the Kansas Lottery’s website, Kansas Star earned $14.8 million in October. That’s up by about $300,000 from $14.5 million in September.