Harrah’s Council Bluffs will be closing down its gambling boat and relocating its casino to inside the property’s dockside hotel. The move was approved this week by the Iowa Racing and Gaming Commission.

The Iowa casino is moving indoors because its 18-year-old riverboat is now too expensive to operate. According to casino officials, Harrah’s will save about $2.5 million a year in expenses by moving the casino to land.

Construction on the new casino is expected to begin in January and it should be completed by Summer of 2013. The casino will feature 600 slot machines and 20 table games.

Harrah’s Council Bluffs is one of only six other Iowa casinos which is currently operating on a riverboat. Iowa has a total of 18 casinos.

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