The sale was made to enable Penn National Gaming's acquisition of Pinnacle the two companies together owned three casinos in Indiana (Belterra, Ameristar East Chicago, and Hollywood Casino Lawrenceburg), while state law prohibits one company from owning more than two casinos. In October 2018, Boyd Gaming acquired Belterra's operations from Pinnacle, along with three other casinos.

In April 2016, the property was sold to Gaming and Leisure Properties along with almost all of Pinnacle's real estate assets, and leased back to Pinnacle. After being repaired, the casino opened on October 27. īelterra was set to open in August 2000, but was delayed when the riverboat, while en route to Indiana, collided with a barge and sank.

(later Pinnacle Entertainment) and its Boomtown subsidiary, for a $148-million project in Switzerland County, including a 12-story, 309-room hotel. The Indiana Gaming Commission issued the last of the five licenses in 1998 to Hollywood Park, Inc.

Switzerland County voters passed such a measure in November 1993. A referendum was required in each county to approve casinos. In 1993, the Indiana General Assembly legalized riverboat casinos, including five licenses to be issued for sites along the Ohio River. īelterra is located on 315 acres (127 ha) of land, 149 acres (60 ha) of which is leased on a 50-year term. From 2009 to 2011, the property reported annual revenue ranging between $152 and $162 million, and earnings between $27 and $30 million. The casino has 47,201 square feet (4,385 m 2) of gaming space, with 1,277 gaming devices, 45 table games, and 2 poker tables. It is owned by Gaming and Leisure Properties and operated by Boyd Gaming. Belterra Casino Resortīelterra Casino Resort & Spa is a riverboat casino on the Ohio River in Switzerland County, Indiana near Florence, roughly halfway between Louisville, Kentucky and Cincinnati, Ohio. For the casino and racetrack in Ohio, see Belterra Park.

Belterra casino sold to boyd gaming