..

Caesars Selling Rio All-Suite Hotel for $516.3 Million

Written by:
Associated Press
Published on:
Sep/23/2019

LAS VEGAS (AP) — Caesars Entertainment Corp. is selling the Rio All-Suite Hotel & Casino to an Imperial Cos. affiliate for $516.3 million.

*Free trial test drive
*Text or message 24/7
*Mobile friendly
*Live in-play betting
*Bitcoin, gift cards, credit cards accepted
*Fastest, sharpest lines in the industry
*No minimum number of players
*Unique betting options available
*Two software platforms available for use
Click here to visit PremierPerHead

Caesars said Monday it will continue to run the Rio under a lease for a minimum of two years and will pay an annual rent of $45 million.

Imperial Cos. has the option to pay Caesars $7 million to extend the lease under similar terms for a third year. At the end of the lease term and at Imperial's request, Caesars may continue to manage Rio or may provide transition services.

The Las Vegas property has 2,520 rooms and suites. Caesars said Rio will remain part of the Caesars Rewards network during the lease term.

The deal is subject to regulatory approval and is expected to close in the fourth quarter.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Gambling News

Gambling and Sports Betting News Wire - December 8, 2019: Leaked Docs Reveal Bet365 Called Winners "Problem Customers"

Here are today's headlines in the world of gambling and sports betting as they happen - Sunday December 8, 2019.

Can Sports Gambling Be Profitable?

When asking the question whether or not sports gambling can be profitable, one needs to look no further than at how luxurious and decadent a casino is constructed and maintained.

Hot Sports Betting Tips and Information - December 8, 2019

Here are today's hot sports betting tips and information headlines -

Buffalo Bills at Baltimore Ravens Betting Pick

Buffalo Bills at Baltimore Ravens Betting Pick

Week 14 of the NFL season is filled with some terrific matchups, but perhaps none bigger than the AFC showdown taking place in Baltimore.

Gambling and Sports Betting News Wire - December 6, 2019: RI Sports Betting Suit Can Move Forward Due to Lost Pats Bet

Here are today's headlines in the world of gambling and sports betting as they happen - Friday December 6, 2019.

Syndicate