Peninsula Gaming
Peninsula Gaming, LLC was a casino operator based in Dubuque, Iowa, with five properties in Iowa, Louisiana, and Kansas. It was acquired by Boyd Gaming in 2012.
History
In January 1999, Los Angeles-based AB Capital agreed to purchase the Diamond Jo Casino in Dubuque, Iowa for $77 million. The company's major shareholders were Los Angeles investment banker Brent Stevens and Las Vegas gaming developer Michael Luzich. The purchase was completed in July 1999, by which time the company had changed its name to Peninsula Gaming.
In February 2002, Peninsula bought a fifty percent interest in the Evangeline Downs racetrack in Lafayette Parish, Louisiana from B. I. Moody for $15 million. They bought the remaining half several months later from William Trotter for another $15 million, plus 0.5% of slot revenues for the first ten years. After Lafayette voters had rejected slot machines at the track, Evangeline Downs had planned a move to St. Landry Parish, which Peninsula carried out. The casino at the new site opened in late 2003, with races following in 2005.
In 2009, Peninsula proposed building a $150-million casino in Des Moines that would operate under the license of the Prairie Meadows racino. Prairie Meadows ultimately rejected the plan.
Later that year, Peninsula agreed to buy the Amelia Belle riverboat casino in Amelia, Louisiana for $106.5 million.
In November 2012, Boyd Gaming bought the company for $1.45 billion.
Properties
*Amelia Belle Casino — Amelia, Louisiana
*Diamond Jo Casino — Dubuque, Iowa
*Diamond Jo Casino — Northwood, Iowa
*Evangeline Downs Racetrack & Casino — Opelousas, Louisiana
**Off-track betting parlors in Eunice, Henderson, Port Allen, St. Martinville
*Kansas Star Casino — Mulvane, Kansas
History
In January 1999, Los Angeles-based AB Capital agreed to purchase the Diamond Jo Casino in Dubuque, Iowa for $77 million. The company's major shareholders were Los Angeles investment banker Brent Stevens and Las Vegas gaming developer Michael Luzich. The purchase was completed in July 1999, by which time the company had changed its name to Peninsula Gaming.
In February 2002, Peninsula bought a fifty percent interest in the Evangeline Downs racetrack in Lafayette Parish, Louisiana from B. I. Moody for $15 million. They bought the remaining half several months later from William Trotter for another $15 million, plus 0.5% of slot revenues for the first ten years. After Lafayette voters had rejected slot machines at the track, Evangeline Downs had planned a move to St. Landry Parish, which Peninsula carried out. The casino at the new site opened in late 2003, with races following in 2005.
In 2009, Peninsula proposed building a $150-million casino in Des Moines that would operate under the license of the Prairie Meadows racino. Prairie Meadows ultimately rejected the plan.
Later that year, Peninsula agreed to buy the Amelia Belle riverboat casino in Amelia, Louisiana for $106.5 million.
In November 2012, Boyd Gaming bought the company for $1.45 billion.
Properties
*Amelia Belle Casino — Amelia, Louisiana
*Diamond Jo Casino — Dubuque, Iowa
*Diamond Jo Casino — Northwood, Iowa
*Evangeline Downs Racetrack & Casino — Opelousas, Louisiana
**Off-track betting parlors in Eunice, Henderson, Port Allen, St. Martinville
*Kansas Star Casino — Mulvane, Kansas
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