This isn’t the 1st time Harrah’s Entertainment has considered putting the Rio on the mkt, if a sale were to occur it would most likely happen/close after the 2010 WSOP….to relocate the event would be a nightmare logistically @ this point in time (then again this is Vegas & ’something’ may be there one day & gone the next). Although Caesars Palace is considered Harrah’s Las Vegas flagship property, they did acquire Planet Hollywood earlier this yr; from a branding/mkting standpoint, IMHO, that would be a better future location for the WSOP (I believe the Steve Wyrick Theater is currently dark but unsure how many peeps the venue accomodates). Additionally Caesars hosts the Mega Stack Series around the same timeframe as the WSOP, eliminating that revenue stream wouldn’t be the brightest of ideas (although they could decide to associate the WSOP with Caesars & Mega Stack with Planet Hollywood)…this is just all a guesstimate on my part but if I were thinking like a Project Mgr…hmmm, a # of possibilities since Harrah's owns 8 props here (including the Rio).
Here‘s the latest info from the Las Vegas Review Journal. Previously (a couple of yrs ago) I’d heard that the locals would like to see the Rio property return to a locals casino as it was when the Marnells owned it…they‘re kinda busy with M Resort so unsure of their liquidity for a current purchase.