Boyd Gaming Corp., will spend $1.45 billion to acquire the assets of Peninsula Gaming LLC, giving the Las Vegas-based company a presence in Kansas, Iowa and a significant expansion in Louisiana, the company announced Wednesday.


The deal is expected to close by year's end. Boyd Gaming, which now owns and operates 17 gaming properties, including six in Las Vegas, said it plans to use $200 million in cash and about $1.2 billion in debt in the transaction. Boyd said it has secured financing, and a seller's note provided by Peninsula for about $144 million will be part of the deal.