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November 14, 2012

Kansas Lottery approves merger of gaming companies

The Kansas Lottery Commission on Wednesday approved the merger of Las Vegas-based Boyd Gaming with Peninsula Gaming, which built and is managing the Kansas Star Casino in Mulvane.

The Kansas Lottery Commission on Wednesday approved the merger of Las Vegas-based Boyd Gaming with Peninsula Gaming, which built and is managing the Kansas Star Casino in Mulvane.

The commission also approved transferring 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.

Boyd’s $1.45 billion purchase of Peninsula’s five casinos, including the Kansas Star, was announced in May. The deal is expected to close in December, about the same time the Kansas Star’s permanent casino opens.

Boyd still must pass background checks and be licensed by the Kansas Racing and Gaming Commission. The commission has been working on a background suitability study of the company, and will meet Friday in Dodge City.

Boyd owns and operates 17 gaming properties in Nevada, New Jersey, Mississippi, Illinois, Indiana and Louisiana. Its purchase of Peninsula will add five more properties, including the Kansas Star, to its portfolio. Boyd officials have said they plan no changes in the Kansas Star’s management team, its plans for future development, or anything else stipulated in Peninsula’s contract with the state.

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