According to various reports including a tweet from Scott of Vital Vegas, Caesars is selling the Rio All-Suite Hotel & Casino.
The World Series of Poker has been hosted at the Rio All-Suites Hotel and Casino just off the Las Vegas Strip since 2005, and for all its flaws, the location has served the world’s largest poker festival well for more than a decade. But according to recent tweets and rumors, Caesars isn’t planning to keep the WSOP there for much longer.
First reports about the potential sale of Rio date back to 2010, when it emerged from unnamed sources that the property’s then owner Harrah’s Entertainment was seeking a buyer for the off-Strip casino resort. News outlets also reported back then that the property had quite some suitors and some were valuing it at around $500 million.
One of the rumors is that it’s going to be bought to be turned into ANOTHER Stadium for a Major League Baseball team.
Rio is best known by our readers for almost killing their guests.
PaceVegas is the Publication of Everything About Las Vegas. Known for it’s hard hitting exposes of crimes, the underworld and everything interesting about Vegas, it’s won numerous awards from those who are scared to actually read the stories.