Will Poker Players Miss the Rio All-Suite Hotel & Casino When It's Gone?
Despite the Rio All-Suite Hotel & Casino being the summer mecca for poker players and aficionados worldwide since 2005 — going on 15 years — recent rumors of the venue's potential impending demolition was welcomed by many in the industry.
You can read up on the potential sale of Caesars and the cloudy future of the Rio here. In this article, we take a look at the reactions that came out of the poker world.
Las Vegas Locally tweeted some scuttlebutt:
"Caesars is valued at $5.6 billion... but carries a whopping $18 billion in debt" https://t.co/K69sWfHzrk— Las Vegas Locally 🌴 (@LasVegasLocally)
Some Caesars insiders believe a sale to billionaire Tilman Fertitta will happen within the next 2 weeks https://t.co/JCU3uX81Ph— Las Vegas Locally 🌴 (@LasVegasLocally)
And in came the reactions on Twitter:
A source from Las Vegas Locally also posted the news that Rio All-Suite Hotel & Casino, the 15-year home to the World Series of Poker, may soon be no more...
.@virgintrains, the company behind the SoCal-to-Vegas high-speed rail project #XpressWest, may be the buyer. https://t.co/YoQsMxngaM— Las Vegas Locally 🌴 (@LasVegasLocally)
David "ODB" Baker wondered if this would affect the upcoming WSOP, but it seems most likely it won't. Matt Waxman joked that the demolition could coincide with the summer series.
WSOP put those concerns to rest with an official response on Twitter:
We'll be there, 100% certain (except act of mother nature, etc.). https://t.co/EvmqDDYPjq— WSOP (@WSOP)
Some Rio WSOP regulars, both players and media, expressed their "concerns"...
And long-time WSOP ESPN commentator Norman Chad presented a viable solution:
BREAKING In an unprecedented promotion – if the Rio is demolished – the World Series of Poker will hold events scat… https://t.co/i6Z1yMp7l3— Norman Chad (@NormanChad)
Make sure to return to PokerNews in upcoming weeks for updates on the status of Caesars as well as the future of the current home of the WSOP. Rumors will surely continue to swirl, and with so many false alarms over the years, players and industry observers will understandably want to wait for something solid. PokerNews will continue to monitor things to see if anything concrete develops.