{"id":24359,"date":"2019-04-12T18:20:24","date_gmt":"2019-04-12T18:20:24","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=24359"},"modified":"2019-04-15T12:38:46","modified_gmt":"2019-04-15T12:38:46","slug":"is-the-rumor-about-the-rio-true-this-time","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/is-the-rumor-about-the-rio-true-this-time\/","title":{"rendered":"Is The Rumor About The Rio True This Time?"},"content":{"rendered":"<p>A recent Tweet has once again claimed that the <strong>Rio All-Suites Hotel &amp; Casino<\/strong> is in the process of being sold. The Tweet also mentions that after the sale, the off-Strip property will be demolished. However, according to an email from top <strong>Caesars<\/strong> personnel, the report is false and the Rio remains a property in good standing in the Caesars portfolio.<\/p>\n<p>Twitter user <strong>@LasVegasLocally<\/strong> tweeted out the information. The Tweet failed to identify anything about the source of the news.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Source: The <a href=\"https:\/\/twitter.com\/RioVegas?ref_src=twsrc%5Etfw\">@RioVegas<\/a> is in the process of being sold and will soon be demolished.<\/p>\n<p>\u2014 Las Vegas Locally <img decoding=\"async\" class=\"wp-smiley\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/11\/72x72\/1f334.png\" alt=\"????\" \/> (@LasVegasLocally) <a href=\"https:\/\/twitter.com\/LasVegasLocally\/status\/1116206189182738432?ref_src=twsrc%5Etfw\">April 11, 2019<\/a><\/p><\/blockquote>\n<h2><span id=\"the_official_response\">The official response<\/span><\/h2>\n<p>I reached out to a <strong>World Series of Poker (WSOP)<\/strong> spokesperson at Caesars to find out if the rumor might be true. As expected, the spokesperson declined to comment directly about the Tweet itself.<\/p>\n<p>However, the WSOP representative <strong>stated emphatically that the World Series of Poker would take place at the Rio this year<\/strong>. In fact, they went so far as to assert that the <strong>Rio will host next year\u2019s edition of the series<\/strong>, too.<\/p>\n<div class=\"redheader-cta tb_edit_table\">\n<div class=\"tb_editlinks\"><\/div>\n<div class=\"usp-table cta\">\n<div class=\"sr-header\">\n<p>New Players Get A Free Bonus At WSOP.com NV<\/p>\n<\/div>\n<ul class=\"usp-list\">\n<li>\n<ul class=\"usp-item\">\n<li class=\"usp-logo\"><img decoding=\"async\" class=\"thirstylinkimg\" src=\"https:\/\/www.pokerscout.com\/wp-content\/uploads\/2019\/04\/wsop-324-85-2.png\" \/>Visit WSOP NV<\/li>\n<li class=\"usp-bonus\">$10 No Deposit100% to $1000 With Deposit<\/li>\n<li class=\"usp-details\">WSOP NV ReviewOverall Grade A\n<ul class=\"usp-item-checklist-alt\">\n<li><i class=\"fa fa-check\"><\/i>Games B+<\/li>\n<li><i class=\"fa fa-check\"><\/i>Support B<\/li>\n<li><i class=\"fa fa-check\"><\/i>Banking A-<\/li>\n<li><i class=\"fa fa-check\"><\/i>Player Value A<\/li>\n<\/ul>\n<\/li>\n<li class=\"usp-button\">PLAY NOW<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2><span id=\"rio_is_often_target_of_sale_rumors\">Rio is often target of sale rumors<\/span><\/h2>\n<p>The spokesperson\u2019s comments mirrored their communications with me in a similar incident last August. In that instance, <strong>Vital Vegas<\/strong> reported that the Rio would soon change hands.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">You know those persistent rumors of Rio sale? Next level chatter happening, Caesars seriously shopping this fixer-upper.<\/p>\n<p>\u2014 Vital Vegas (@VitalVegas) <a href=\"https:\/\/twitter.com\/VitalVegas\/status\/1025218312257515520?ref_src=twsrc%5Etfw\">August 3, 2018<\/a><\/p><\/blockquote>\n<p>Rio has always been one of CIE\u2019s lesser-known properties. Its position off-Strip and lack of memorable theme lends itself to being forgotten in the constellation of Las Vegas casinos. As such, there is often talk of a Rio sale.<\/p>\n<h3><span id=\"the_wsop_move_changed_rios_trajectory\">The WSOP move changed RIO\u2019s trajectory<\/span><\/h3>\n<p>However, the Rio is home to the WSOP, and the Series\u2019 2005 move to the casino was likely a measure to raise the casino\u2019s profile. At that point, Rio shed its reputation as a somewhat nondescript member of the Caesars family.<\/p>\n<p>It became an important property as the home of the world most prestigious poker tournament series. Since the move to the larger casino (from <strong>Binion\u2019s<\/strong>), the WSOP has undergone profound and expansive growth.<\/p>\n<p>The hotel was, thus, a sort of oddity for poker players. On the one hand, it was a casino property that did not feature any improvement upon the poker action available along the Strip. So, there was little reason to make the extra effort to visit most of the year.<\/p>\n<p>On the other hand, during the early summer months, it became <strong>Mecca<\/strong> for the poker world. Many top poker players and millions of recreational players performed their version of <strong>Hajj<\/strong> to compete for the coveted gold bracelets.<\/p>\n<p>Caesars probably hoped that the throngs of players that the Series generated would carry over into the rest of the year. However, the top professionals and, therefore, the rest of the poker world have tended to gravitate towards higher-end properties like <strong>Bellagio<\/strong> and <strong>Aria<\/strong> most of the time.<\/p>\n<h2><span id=\"caesars_may_have_bigger_fish_to_fry\">Caesars may have bigger fish to fry<\/span><\/h2>\n<p>Of course, it\u2019s possible that Caesars is not terribly concerned about a Rio sale at this moment. The <strong><em>New York Post<\/em><\/strong> <a href=\"https:\/\/nypost.com\/2019\/04\/10\/caesars-entertainment-will-be-for-sale-as-early-as-this-week\/?utm_source=twitter_sitebuttons&amp;utm_medium=site%20buttons&amp;utm_campaign=site%20buttons\">reports that the entire company will be for sale<\/a> within a week or two.<\/p>\n<p>We\u2019ll explore the ramifications and possibilities for a potential sale next week. But, if the reports are true, the last thing that company management would worry about is the divestiture of one of its smaller property assets.<\/p>\n<p>The post Is The Rumor About The Rio True This Time? appeared first on .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent Tweet has once again claimed that the Rio All-Suites Hotel &amp; Casino is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-24359","1":"post","2":"type-post","3":"status-publish","4":"format-link","5":"has-post-thumbnail","7":"category-news-category","8":"post_format-post-format-link"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is The Rumor About The Rio True This Time? 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