The renovated suites will be luxurious yet approachable.”

“The Rio will commence a top to bottom multi hundred million dollar renovation and will return to its founding philosophy of a fun and energetic vibe. The renovated hotel suites will be luxurious yet approachable.”

According to Dreamscape’s Director of Group Sales for the Rio, after its takeover, “the Rio will commence a top to bottom multi hundred million dollar renovation and will return to its founding philosophy of a fun and energetic vibe. Under the terms of the sale, Caesars will continue to operate the property until 2022, at which time Dreamscape will take over all operations. In December of 2019, Dreamscape Companies purchased the Rio from Caesars. The truth is that the Rio had been for sale for several years. Many of our members have contacted us to say they heard Caesars closed the Rio and our events were moving, or the Rio is being demolished and a Major League Baseball stadium will be built in its place, or the COVID-19 pandemic has closed the Rio for good, and many others. There have been many rumors about the future of the Rio over the last few years. The World Series of Poker will be hosted at the Rio in 2020 and hosting rights will remain with Caesars Entertainment thereafter.We have some exciting news about the future of the Rio All-Suite Hotel & Casino, host venue for the CueSports International Expo, which currently includes the BCA Pool League World Championships, USA Pool League National Championships, Diamond Las Vegas Open and Predator World 10-Ball Championship. The property will continue to be part of the Caesars Rewards network during the lease term and the transaction is not expected to result in any changes to the guest experience. The agreement allows for co-ownership of Rio-specific guest data and places no restrictions on Caesars’ marketing activities. '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.' 'This deal allows Caesars Entertainment to focus our resources on strengthening our attractive portfolio of recently renovated Strip properties and is expected to result in incremental at those properties,' Tony Rodio, CEO of Caesars Entertainment, said in a statement. The Rio All-Suite Hotel & Casino features 2,522 suites, 114,366 square feet of convention and meeting space, nearly 120,000 square feet of casino space, more than 25,000 square feet of shopping space and numerous restaurants, bars and entertainment venues.

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