Rio is up for sale; WSOP may move if a sale is completed

by Lou on April 30, 2010

Business Week recently reported that the Rio may be sold—at least it’s being shopped around—and for $500 million give or take a few mil, it can be yours.

When they gathered up Planet Hollywood, Harrah’s gained a mega-resort that has the benefit of being on the Strip, unlike the Rio, which is probably superfluous to their corporate mix of properties.

Smart money is on the WSOP moving to Planet Hollywood once the Rio is sold. Of Harrah’s properties in Vegas, which include Bally’s, Bill’s, Caesar’s, Flamingo, Harrah’s, the Imperial Palace, and Paris, only Planet Hollywood and Caesar’s are large enough to host the WSOP, and Planet Hollywood has a younger, hipper demographic and perhaps more availability during the summer months.

The 2010 WSOP will still be at the Rio, but beyond that, things are up for grabs.

{ 1 comment }

Benny May 3, 2010 at 5:32 am

Ah, Whats $500 million between friends.
You think We should all go in and invest?
Looking forward to see who the lucky buyer is!

Comments on this entry are closed.

Previous post:

Next post: