Rio Sold for $516 Million
Caesars Entertainment Corporation announced the news that the poker world has long known (or thought) was coming: it has sold the Rio All-Suite Hotel & Casino in Las Vegas, home of the World Series of Poker.
In a press release, Caesars said that it will lease the Rio from the buyer for at least the next two years at $45 million per year. The buyer then has the option to pay Caesars $7 million to lease the Rio for one more year. After that, it is up to the buyer and Caesars to decide what they want to do going forward.
Artist/Author: Part Time Poker September 27, 2019 |
