Jay Shadwick, chair of the racing and gaming commission, said the movement to approve the merger was mostly a small business selection that needed regulatory choices and approval.
For the duration of an executive session in Friday’s meeting, Boyd passed background checks and was licensed by the Kansas Racing and Gaming Commission. Based on a report from the Wichita Eagle, the commission had been working on a background suitability study on the company.
Shadwick said the Lottery performed both the initial and in-depth investigations prior to Friday’s selection.
“Boyd can be a nicely respected corporation having a productive track record,” Shadwick mentioned.
He mentioned he expects the results of your Kansas Star casino to become continued with minimal modifications to current operations. Boyd officials have stated they strategy no alterations inside the Kansas Star’s management team or plans for the future development. There may also be no changes to anything else mandated in Peninsula’s existing contract with the state.
A spokesman for the Kansas Star Casino commended the upper management at Peninsula throughout the meeting, and mentioned the transition with Boyd was going properly. He described Boyd as an awesome fit for the casino and pointed out the company’s powerful commitment to integrity and appreciation of staff.
“Boyd will add good value,” he mentioned.
The Lottery presently owns and operates the games in the Kansas Star too as Boot Hill Casino & Resort In Dodge City and Hollywood Casino at Kansas Speedway.
Boyd’s $1.45 billion purchase of Peninsula’s five casinos, including the Kansas Star, was announced in May. Boyd owns and operates 17 gaming properties in Nevada, New Jersey, Mississippi, Illinois, Indiana and Louisiana.
The transaction is expected to close on Nov. 20, 2012, in accordance with the Boyd Gaming Corp. website.