One of the most well-known casinos in Las Vegas, the Rio Hotel & Casino is set for some big changes from new ownership per some recent gaming reports. According to one article, Rio will have a new owner and operator beginning sometime during the fourth quarter of this year. The takeover has been a long time coming as Caesars announced it was selling Rio to Dreamscape in 2019. Per sources, there will be many changes to the property as the new owners take control of the Rio. One of the first things some residents will notice is a “slight name change” from “Rio All-Suite Hotel & Casino” to more simply the “Rio Hotel & Casino Las Vegas.”
In this article, SBS will be going over what to look for from the latest gaming and wagering news in Vegas and also some more notes about Sin City betting.
Per the same report, fans of Rio shouldn’t worry about losing the word “suite” from the name. The hotel rooms will all remain the same size when the property is renovated. Moreover, Dreamscape Founder Eric Birnbaum was quoted as saying, “The Rio has been an iconic property in Las Vegas for over two decades and we are thrilled to be working with such a talented and experienced team to bring our vision for the property to life.” Dreamscape has a multi-year renovation planned for Rio. However, the timeline hasn’t been specified but much of the property will see a facelift.
As noted in the same article, while Caesars moved the World Series of Poker to other properties on the Vegas Strip (Horseshoe and Paris), it won’t be taking the popular Penn & Teller show. In addition to the physical changes, gamblers will see a new rewards program when Caesars Rewards departs. Moreover, customers will also see a new rewards interface that offers more “bells and whistles” than currently offered at Rio. Hotel guests should also notice a change as a worldwide chain will take over hotel operations.
According to the same article, the new owners of Rio are bringing in an expansive team to renovate and redesign the hotel and casino. Moreover, there are no plans to demolish the existing property as has long been rumored. Earlier this year, Dreamscape raised funding to help pay for a multi-year renovation of the Rio. The property will remain open during the reconfiguration. Also, another report referenced that Dreamscape said it plans to “preserve the property’s bones and honor its legacy.” The company would go on to say it will use the financing to reimagine the two-tower structure, resorting it into a premiere resort and casino experience with modernized amenities.
Finally, in an interesting twist, one of the companies brought on to reimagine Rio is Marnell Architecture. As noted in one article, the name is familiar to observers of the Vegas casino community because Tony Marnell built and opened the property in 1990. He would go on to sell the casino to Harrah’s Entertainment (now Caesars) in 1999. Dreamscape plans to refresh the 2,500 suite at Rio and the company has also said it will give a facelift to the casino floor and 220,000 square feet of meeting and convention space.
Once you are all squared away with the latest news and updates coming from Sin City, make sure to tap into the variety of great resources that SBS has put together for you. Of course, for more info on the topic at hand, our online Vegas sportsbooks guide has you covered with the latest happenings coming out of the casino and gaming mecca. On a separate note, for those that are curious about which payment options are the best fit for them, the SBS payment methods breakdown is a must-read. On this page, you can find all kinds of options for deposits and withdrawals from crypto to more traditional banking options. Finally, for those looking for some higher stakes wagering, the SBS VIP sports betting sites rundown is a fantastic page to learn more about the perks of online sports betting.