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. Dreamscape is owned and controlled by Imperial Cos. co-founder Eric LAS VEGAS (KTNV) - 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. CDC Gaming Reports says that it... Monday, Sept. 23, 2019 | 5:57 a.m. Caesars Entertainment has completed a deal to sell the Rio but will continue to operate the Las Vegas property for at least two years, the company announced today. Casino operator Caesars Entertainment has sold its Rio All-Suite Hotel & Casino in Las Vegas, the host venue for the annual World Series of Poker (WSOP) tournament.. On Monday, Caesars announced Caesars Entertainment Corp.’s off-Strip Rio property is changing hands — finally. The 2,500-suite hotel and casino that was a Las Vegas innovation when it opened in 1990 has been sold to New “The Rio needs a little TLC and it hasn’t gotten a dime’s worth,” said Rio founder Tony Marnell, who sold the Brazil-themed resort in 1999 to Harrah’s Entertainment, now known as Caesars 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. Rio All-Suite Hotel & Casino. Great value. Rio All-Suite Hotel & Casino . We decided to stay at Rio during the pandemic on Super Bowl weekend. We got a great deal on a suite I’m assuming because travel is down dramatically in Vegas, especially off the strip. I’ve stayed at...More - Luther0101. We decided to stay at Rio during the pandemic on Super Bowl weekend. We got a great deal on a In 1998, Caesars – then known as Harrah’s Entertainment – purchased the Rio All-Suite Hotel & Casino from developer Marnell Corrao Associates for $518 million in stock and assumed debt of $303... LAS VEGAS (KSNV) — Caesars Entertainment has sold the Rio All-Suite Hotel and Casino to a real estate investment company for $516.3 million, the company has announced.
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