Boyd Gaming Corporation (NYSE: BYD) today announced that the Kansas Racing and Gaming Commission has approved the Company's proposed acquisition of Peninsula Gaming, LLC.
Boyd Gaming has now received all required regulatory approvals required to proceed with the acquisition. The transaction is expected to close on November 20, 2012.
"This is a significant milestone, and we look forward to welcoming the Peninsula team to Boyd Gaming," said Keith Smith, President and Chief Executive Officer of Boyd Gaming. "The acquisition of Peninsula Gaming will strengthen our Company financially by diversifying our operations, nearly doubling our free cash flow and delivering substantial value for our shareholders."
About Boyd Gaming
Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE: BYD) is a leading diversified owner and operator of 17 gaming entertainment properties located in Nevada, New Jersey, Mississippi, Illinois, Indiana, and Louisiana. Boyd Gaming press releases are available at www.prnewswire.com. Additional news and information on Boyd Gaming can be found at www.boydgaming.com.