The poor, neglected Rio Las Vegas. The resort has fallen from its glory days of hosting the World Series of Poker. It’s off the Strip and it’s been neglected. It’s been sold by Caesars, and even considered a joke of many vacationers and locals for years. But now, it’s getting some attention. There was some talk that the whole complex would be torn down with a new baseball stadium to be built in its place, but that project has since been moved. So, the current landlord of Rio Las Vegas, Eric Birnbaum, has decided that a comprehensive renovation may be…

Last week we told you that the last Caesars property in Las Vegas was set to open. Now the Rio Casino reopen date is official scheduled for December 22nd. The property will then welcome the 2020 WSOP Main Event final table on December 28th. The reopening of the Rio will mean that all Caesars regional casinos and hotels across the country will be welcoming guest. Also, when the doors open the Rio will debut their brand new William Hill Sports Book. Anthony Carano, President and COO of Caesars, said “…we recognize the incredible effort it has taken to reopen our…

The Rio Casino sold for over $516 million. The Las Vegas-based venue has served as the home of the World Series of Poker since 2005. It was sold to a company controlled by a principal of real estate investment vehicle Imperial Companies, and the deal expected to conclude in the fourth quarter of this year. Caesars Entertainment will continue to operate the property for at least the next two years and pay rent of $45m per year. At the end of the two year period, Caesars may continue to operate the Rio or provide transition services to the buying company…