To address antitrust concerns in the local gaming market, Pinnacle had to sell off Belterra Casino in Florence, Indiana. It was first announced late last year, and is just about complete. Hollywood Casino Lawrenceburg owner Penn National Gaming is buying former Belterra parent company Pinnacle Entertainment in a $2.8 billion deal. (Switzerland County, Ind.) - Belterra Casino Resort in Switzerland County officially has a new owner. Belterra Casino Resort in Switzerland County is now under new ownership.