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. For many years, the Rio All-Suite Hotel & Casino has been the subject of a painstaking number of rumors about what will become of it. Now, Caesars Entertainment has officially announced that they have sold the Rio for $516.3 million to a group controlled in principal by Imperial Companies. But that doesn’t necessarily mean Rio will be revamped or torn down. LAS VEGAS (AP) — Caesars Entertainment Corp. says it has completed the $516.3 million sale of its Rio All-Suite Hotel & Casino in Las Vegas. The company said Friday it will continue for at least two years to run the 2,500-room property and will pay an annual lease of $45 million to the new owner, newly formed Dreamscape Cos. In a news release, Caesars said it was selling the Las Vegas property to a principal of Imperial Companies, a New York-based real estate firm, for $516.3 million. At Rio All-Suite Hotel and Casino Las Vegas, every room is a spacious suite! Book your stay and leave your inhibitions at home. Rio Hotel and Casino has been sold - Las Vegas Forum. United States ; Nevada (NV) Las Vegas ; Las Vegas Travel Forum; Search. Rio Hotel and Casino has been sold . 1 year ago. Save. I used to love RIO, I guess everything is changing. Thanks for sharing. Report inappropriate content . 2. New Rio Las Vegas Owner Says Demolition Rumors False, No Plans for MLB Ballpark. Posted on: December 6, 2019, 08:54h. Last updated on: December 6, 2019, 11:00h. ← Four Las Vegas Casinos Get New Names Golden Nugget Las Vegas Confirms Chick-fil-A is On the Way → 16 thoughts on “ Confirmed at Last, Rio Las Vegas Sold to Imperial Companies ” B.F. September 23, 2019 at 9:59 am If the hotel is indeed sold, the World Series of Poker main event will be held at a new venue for the first time since 2004. An Aging Beauty. As far as Las Vegas properties go, the Rio All-Suite has been declining slowly over the years. Although still a popular property the development of integrated resort casino is really making her show her age.
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https://www.caesars.com/rio-las-vegasRio all Suites & casino Las Vegas is a dates casino and not located on the strip but is a local favorite and good value... Multiple sources are saying that Caesars Entertainment has agreed to sell the Rio All-Suite Hotel & Casino to a New York-based real estate group. Walking Around Las Vegas Prostitutes & Whores #throughglass http://www.cansoup..com Tony and I were walking around Freemont Street in Las Vegas and decided t... WE GOT BUSTED for filming inside the RIO Hotel & Casino in Las Vegas! Hope you enjoyed the tour! By the time we walked out, we had 4 security officers paci... Has the Rio Las Vegas Hotel and Casino been SOLD? Is there a baseball stadium being built? Here are some of these big rumors addressed! 👉 Email meInfo@vegas... About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators ... SUBSCRIBE TO OUR CHANNEL TODAY!!! las vegas drone 4k LAS VEGAS NEVADA BY DRONE
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