The Rio All-Suites Hotel & Casino remains as the home of the World Series of Poker for the foreseeable future.
After months of speculation, it was announced via news release today that Caesars Entertainment Corp. has sold off the Rio All-Suites Hotel & Casino while at the same time confirming that the 2020 World Series of Poker will continue to be hosted at the venue despite the sale.
The property that sits just west of the Las Vegas Strip has been sold to Impersonal Companies, a New York-based real estate company for $516.3 million in a deal that is subject to approval by regulators. The 2,500-suite hotel and casino opened in 1990 and has played host to the World Series of Poker since 2005 when it moved from its original home, Binion’s Horseshoe on Fremont street.
The sale of the Rio has been in the works for quite some time as Caesars itself is in the process of being acquired by Eldorado Resorts for $17.3 billion. During an earnings call in June, Eldorado CEO Thomas Reeg said that one or two properties were likely to be sold off as part of their deal and said he hoped to close on those deals by the first quarter of 2020.
About the sale and the implications for the World Series of Poker, Tony Rodio, CEO of Caesars Entertainment, said: “The retention of the World Series of Poker and retention of Caesars Rewards customers are all factors that make this a valuable transaction for Caesars.”
- Welcome to the 2020 World Series Of Poker World Series of Poker® Main Event® to Return Main Event to Begin Online, Live Finale will crown a “World Champion” of Poker for the 51st.
- The 2020 WSOP, which was scheduled to begin May 27 at the Rio All-Suites Hotel and Casino in Las Vegas, already had 14 online bracelet events planned. According to Stewart, those events will remain.
- After months of speculation, it was announced via news release today that Caesars Entertainment Corp. Has sold off the Rio All-Suites Hotel & Casino while at the same time confirming that the 2020 World Series of Poker will continue to be hosted at the venue despite the sale.
- The 2020 World Series of Poker (WSOP) Main Event is currently taking place at GGPoker. The online poker site is playing host to the international leg of the event, which features three starting flights. Day 1A is already in the books, and two more will take place over the weekend.
For at least the next two years, Caesars will rent the Rio at a cost of $45 million per year, indicating that the WSOP will remain in its current home for at least two more years and a $52 million option for the third year of control.
Beyond 2022, it looks as though the rumors of a potential new destination for poker’s biggest festival will continue to swirl. In an interview with Cardplayer, WSOP Vice President of Corporate Communications Seth Palansky pointed out that finding a new home for the 62-day event every summer will be a daunting task and that the Rio is a logical place to host the series while other locations on the Strip, including the new convention center at The Linq, might not be as appealing as the rumors want to suggest.
2020 Wsop Cancelled
Watch the 2019 World Series of Poker Main Event final table on PokerGO right now. PokerGO is the home of the World Series of Poker final table live streaming.
2020 Wsop Winner
With just a month and a half to go, the 2020 World Series of Poker has yet to be cancelled, despite the country it would take place in being under stack in the worst week so far for American.