In March of 2020, Pinnacle Entertainment sold Belterra Casino Resort to Boyd Gaming for $565 million. The sale was completed in April.
Boyd Gaming is a gaming and hospitality company based in Las Vegas, Nevada. The company owns and operates twenty-nine properties across the United States. .
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The sale of Belterra Casino Resort is part of Pinnacle Entertainment’s strategy to divest non-core assets and focus on its core markets. Pinnacle Entertainment is a gaming and entertainment company with operations in sixteen states.
The company operates forty-one properties, including thirty-six casinos, four horse racing tracks, and one golf course.
PRO TIP:Belterra Casino is owned by Boyd Gaming Corporation, a publicly traded Las Vegas-based gaming company. Boyd Gaming purchased the casino from Pinnacle Entertainment in 2018 for $772 million.
Boyd Gaming plans to invest $140 million to renovate Belterra Casino Resort. The renovation will include a new hotel tower, an expanded casino floor, new restaurants, and a new events center.
The renovation is expected to be completed by the end of 2020.
Belterra Casino Resort is located in Florence, Indiana. The casino resort features a hotel, a casino, restaurants, bars, an events center, and a golf course.
The property has been open since 2002.
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