Track owner buying Amelia Belle casino

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The owner of the Evangeline Downs race track says its has agreed to buy the Amelia Belle riverboat casino near Morgan City for $106.5 million. Peninsula Gaming says it hopes to complete the deal in September. The Louisiana Gaming Control Board must approve the deal. There had been plans to swap the larger Amelia Belle riverboat with the Belle of Baton Rouge boat. Those plans fell apart after Tropicana Entertainment, the parent company of the Belle, filed for bankruptcy last year. The Amelia Belle stayed under a different subsidiary. Peninsula Gaming developed the new Evangeline Downs in Opelousas, along with a slot machine casino, after moving it from Lafayette. The company also owns two riverboat casinos in Iowa.

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