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World Series of Poker to World Series?
The Rio All-Suite Hotel & Casino in Las Vegas, Nevada, is involved in another rumor about a possible sale. However, the particularly juicy tidbit to this rumor is that the off-Strip property may be torn down and replaced with a new Major League Baseball stadium.
The rumor comes courtesy of Vegas blog Vital Vegas. The blogger has been right often enough to warrant more than a glance.
We'll up the ante on our Rio sale rumor with another juicy tidbit: As we've shared, could very well be a land play. New rumor suggests Rio could be demolished, site to be developed as (wait for it) Major League Baseball ballpark.
— Vital Vegas (@VitalVegas) October 8, 2018
The Rio has been rumored to be on the market for several years, with sale rumors dating as far back as 2010, when Caesars Entertainment was still Harrah’s Entertainment. Interestingly, Leach hinted at a possible Rio sale back in 2011, a sale that obviously never occurred. In Vegas, the rumor mill is always churning. There’s literally better property no more than a mile away where the frame of a hotel is sitting because the company went bankrupt in the middle of building it. It would be a smarter economical decision to take down the frame, reuse the materials, and build a ballpark on site.
We cannot stress enough that this rumor is exactly that: a rumor. Though whispers of a Rio sale aren’t exactly new, there has been no confirmation from anyone at Caesars Entertainment about plans for the property.
Oct 09, 2018 The Rio All-Suite Hotel & Casino in Las Vegas, Nevada, is involved in another rumor about a possible sale. However, the particularly juicy tidbit to this rumor is that the off-Strip property may be torn down and replaced with a new Major League Baseball stadium. The rumor comes courtesy of Vegas blog Vital Vegas. The blogger has been right. Rio Locals Deals. Facts Type of Activity. As a Nevada resident, you can get many great deals at the Rio All Suite Hotel and Casino. Enjoy special discounts and promotions on everything from mouth-watering meals and show tickets to spa treatments and more. Rio All-Suite Hotel & Casino welcomes two pets up to 50 lbs for an additional fee of $85 per night, plus a $100 refundable deposit per night. Both dogs and cats are permitted. Well-behaved pets may be left in guest rooms unattended. For same day arrivals, please call 877-411-3436 to confirm availability of a pet-friendly room. Hardly sketchy, this person is in the know and there is no way in God's green earth someone is going to tear down the Rio to build a ball park. Quote: Rio doesn’t need major repairs but a total remodel or demolishing and rebuild.
However, Vital Vegas is also reporting that Rio is scaling back its food service operations dramatically. The property is reducing its room service availability and mostly shutting down the butler service at its Palazzo Villa suites.
The blog speculates that this drawdown is due to the impending sale. To ascribe that sort of causality seems a bit premature at this point, and the moves don’t really reflect any kind of preparation or cost savings for a potential buyer, but it is part of the scuttlebutt.
Golden Knights’ success may be paving the way for an MLB team
Though the mention of a Major League Baseball stadium seems to come out of nowhere, there is some credibility to the notion that the big leagues would come to Nevada. For starters, MLB Commissioner Rob Manfredsaid as much during a radio show last July.
On the July 17 edition of The Dan Patrick Show, Manfred had this to say about expansion to the desert:
“I think Vegas is a viable expansion alternative. I think it’s big enough.”
Manfred hedged on anything definitive beyond that statement, however. He said his biggest priorities were to address the stadium issues facing the Oakland Athletics and Tampa Bay Rays.
Rio Casino To Be Torn Down Video
Of course, since that time, Oakland has managed to solve its problem. The city tapped world-famous architect Bjarke Ingels to design and construct a state-of-the-art facility to house the city’s remaining professional sports team.
Ironically, Las Vegas is responsible for part of Oakland’s loss of sports franchises. The Oakland Raiderswill move to the desert city in 2020.
Thanks to that move and the almost-overnight success of the Las Vegas Golden Knights, Las Vegas is rapidly becoming a sports destination. So, even though there’s nothing to take to court about a Rio demolition and subsequent stadium, there is some credibility to the notion.
On the other hand, Las Vegas has been home to a AAA baseball team for many years. In fact, the Las Vegas 51s are moving into an ultra-posh, brand-new ballpark in 2019, so it does stretch belief that a big league franchise and a stadium would show up so soon afterward.
Maybe, maybe not
A sale of the Rio would also create a complication regarding the home of the World Series of Poker. The pinnacle of the poker year has held court at the Brazilian-themed casino every June since 2005.
Back in early August 2018, Vital Vegas floated a rumor that the WSOP would move into the new Caesars Convention Center once construction on the $375 million property completed. At the time, a spokesman from Caesars flatly denied the rumors of a move for the tournament series, and that was the last word about the issue.
So, for now, whispers about big-time baseball in the desert will have to remain unconfirmed. However, another run at a Stanley Cup or a resurgent Raiders team in the Super Bowl might start the conversation for real.
Photo credit: RaksyBH / Shutterstock.com
Rumors about the potential sale of the Rio All-Suite Hotel & Casino in Las Vegas, Nevada, aren’t new. But thanks to a few tweets from Vital Vegas, a fresh round of whispers was served up this week.
The popular Las Vegas news blog is claiming the property is on the market and still seeking a buyer.
For some background, Rio opened in 1990 and was sold to Harrah’s, which is now Caesars Entertainment, less than a decade later. Rio rumors have persisted over the years, dating back to the early 2000s.
Last year, the rumor of the Rio sale popped up again, but it came with a twist: The all-suite hotel and casino, located just off the Las Vegas Strip, would be purchased and imploded to make way for a Major League Baseball (MLB) stadium. That sale hasn’t happened but the rumor of a potential sale continues.
Does the Las Vegas pro sports craze mean MLB is coming?
Last year was big for professional sports in Las Vegas, and perhaps that’s why there is an onslaught of gossip about an MLB team.
The Vegas Golden Knights brought Las Vegas into the national sports scene. They had a notably fantastic inaugural season in the National Hockey League (NHL) and made it to the Stanley Cup.
The year 2018 also marked the first season of professional soccer and professional basketball in Las Vegas. The Lights Football Club played their first season for the United Soccer League at Cashman Field. Meanwhile, the Las Vegas Aces played their first WNBA season since moving from San Antonio. The Aces play their home games at Mandalay Bay.
This year, the Las Vegas Aviators will begin their first season as the Oakland A’s AAA affiliate. The new team will play in a brand-new, 10,000-seat stadium appropriately named Las Vegas Ballpark in the Summerlin community.
Also this year, the Oakland Raiders will make their home in Las Vegas. The new stadium for the National Football League (NFL) team is under construction just off the Vegas Strip near Mandalay Bay.
Summoners war slot 4 attack runes. While the talk about an MLB stadium continues, so do rumors about a National Basketball Association (NBA) team taking up roots in Las Vegas. MGM Resorts not only owns the Las Vegas Aces but it has multiple arenas in Las Vegas and multiple partnerships with the NBA.
Rumors still swirl about an MLB stadium but it wouldn’t be a surprise if Las Vegas got professional basketball first.
Changing deal for Rio All-Suite Hotel & Casino
If sold, the land could actually be used in multiple ways. With its existing bones, the hotel and casino wouldn’t necessarily have to be imploded. The property could continue to exist with a little freshening up. Or, it could be torn down and the land on the site could be used for an attraction or stadium.
Additionally, the sale price might have come down since last year. Previously, Caesars Entertainment was looking for a billion dollars for the Rio casino, hotel and land. Rumor is that Caesars’ Real Estate Investment Trust (REIT), VICI Properties, could be a partner with a casino operator.
VICI would own the land while another company would own and operate what’s on the land. If this sounds familiar, it’s because VICI and Penn National Gaming (PNG) recently partnered to buy Greektown casino in Detroit … for a billion dollars.
PNG paid $300,000 for the casino while VICI paid $700,000 for the land. Could the sale of Rio be another deal for this team?
World Series Of Poker could remain at Rio after a sale
The rumors about the Rio sale are continuing with another twist. The potential deal could have a contingency for the World Series of Poker (WSOP), which is hosted by the Rio every summer. If the casino remains intact, the WSOP could remain at the property for a number of years after a sale.
Apparently WSOP move to Caesars isn’t foregone conclusion. Three year continuation may be part of Rio deal, option to extend three more.
Rio Casino To Be Torn Down Youtube
— Vital Vegas (@VitalVegas) January 12, 2019
Much like the sale of the casino, the WSOP has been rumored to be leaving the Rio for years. There is a rumored move to the new convention center under construction, the Caesars Forum.
Rio Casino To Be Torn Down Lyrics
Participants enjoy the Rio location for the WSOP for a variety of reasons. The location just off the Vegas Strip means that parking is free. If the poker tournament moves to the Vegas Strip, that could be a month and a half of parking fees for some players.
Be Torn Down
The off-the-Strip location is also good for players that commute daily. There’s less traffic to and from the Rio for anyone staying at a hotel or house around Las Vegas. That said, the 10-15 minute walk or 3-minute rideshare makes the property convenient to poker players looking to have a fun time between poker events.
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