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Rio Casino sold after years of rumors ��Rumors of the Rio All-Suite Hotel & Casino getting offered have dominated poker information internet sites, message boards, and social media for many years.                                                                                                                                                                                                                                                                                                                                           The rumors can last but not least all be place to bed as Caesars Enjoyment Corporation officially announced the sale of the Rio this week.                                                                                                                                                                                                                                                                                                                                           On Monday, September 23 Caesars sent out a release officially announcing the sale of the Rio to a company controlled by a principal of Imperial Organizations. In layman's terms, the new proprietor of the Rio is an undisclosed true estate business.                                                                                                                                                                                                                                                                                                                                           In the release that announced the sale Tony Rodio, the CEO of Caesars Entertainment explained                                                                                                                                                                                                                                                                                                                                           this deal permits Caesars Enjoyment to emphasis our assets on strengthening our appealing portfolio of recently renovated Strip properties and is anticipated to result in incremental EBITDA at those properties. The retention of the Globe Series of Poker and retention of Caesars Rewards clients are all factors that make this a beneficial transaction for Caesars."                                                                                                                                                                                                                                                                                                                                           The sale value of the Rio according to the release was $516. Source Link three million. The release also stated that Caesars will proceed to operate the Rio for the subsequent two years, with an choice for that arrangement to be extended for a third yr.                                                                                                                                                                                                                                                                                                                                           What does this mean for the long term of the Globe Series of Poker, which has been owned and operated by Caesars (then Harrah's) since 2004?                                                                                                                                                                                                                                                                                                                                           For at least a single yr it means nothing. The WSOP will remain at the Rio in 2020 which has been confirmed previously by Seth Palansky on Twitter just final week, and in the release announcing the sale of the Rio.                                                                                                                                                                                                                                                                                                                                          

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