After months of speculation, it was announced via news release today that Caesars Entertainment Corp. has sold off the Rio All-Suites Hotel & Casino while at the same time confirming that the 2020 World Series of Poker will continue to be hosted at the venue despite the sale.
The property that sits just west of the Las Vegas Strip has been sold to Impersonal Companies, a New York-based real estate company for $516.3 million in a deal that is subject to approval by regulators. The 2,500-suite hotel and casino opened in 1990 and has played host to the World Series of Poker since 2005 when it moved from its original home, Binion's Horseshoe on Fremont street.
The sale of the Rio has been in the works for quite some time as Caesars itself is in the process of being acquired by Eldorado Resorts for $17.3 billion. During an earnings call in June, Eldorado CEO Thomas Reeg said that one or two properties were likely to be sold off as part of their deal and said he hoped to close on those deals by the first quarter of 2020.
Bet 356 it. About the sale and the implications for the World Series of Poker, Tony Rodio, CEO of Caesars Entertainment, said: '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.'
World Series Of Poker. Find many great new & used options and get the best deals for Excalibur World Series of Poker Texas Hold' EM Handheld Talking Game 397D at the best online prices at eBay! Free shipping for many. The World Series of Poker is a series of 74 events, each with different buy-ins and poker formats. Events are mainly held at the Rio Casino, Las Vegas, although there are a few held online.
For at least the next two years, Caesars will rent the Rio at a cost of $45 million per year, indicating that the WSOP will remain in its current home for at least two more years and a $52 million option for the third year of control.
Beyond 2022, it looks as though the rumors of a potential new destination for poker's biggest festival will continue to swirl. In an interview with Cardplayer, WSOP Vice President of Corporate Communications Seth Palansky pointed out that finding a new home for the 62-day event every summer will be a daunting task and that the Rio is a logical place to host the series while other locations on the Strip, including the new convention center at The Linq, might not be as appealing as the rumors want to suggest.
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World Series of Poker (WSOP) announced on Monday, April 21st , that the 51st poker series, which was scheduled for next month on May 26th, will now be postponed for later this year. The reason for this, as stated by the WSOP, is the current crisis that we all are facing globally, the COVID-19 pandemic.
The poker event was going to be held at the Rio All-Suite Hotel and Casino in Las Vegas, and was going to start on May 26th and run through the middle of July. With 80+ tournaments and $293 million in cash, this six-week long event invites the best, the elite, and the newcomers to compete at the same tables for glory and fame.
The highlight of this event is a $10,000 Texas Hold'em tournament, which sees players from all across the globe. Now, the COVID-19 pandemic has led to the shutdown of most Las Vegas casinos, leading to the event's postponement. No new dates for the event have been announced yet. However, the World Series of Poker officials have informed that they will soon announce the format and updated schedule for the poker event.
2020 WSOP Postponed :
The 51st World Series of Poker (WSOP), is officially being postponed as a result of the public health emergency involving COVID-19. It is now targeted for fall of 2020, with exact dates and events to be determined.
More details: https://t.co/iaYZgSGXr9pic.twitter.com/UVL6PQwH96
Download World Series Of Poker
— WSOP (@WSOP) April 20, 2020
World Series Of Poker Install
The poker event was going to be held at the Rio All-Suite Hotel and Casino in Las Vegas, and was going to start on May 26th and run through the middle of July. With 80+ tournaments and $293 million in cash, this six-week long event invites the best, the elite, and the newcomers to compete at the same tables for glory and fame.
The highlight of this event is a $10,000 Texas Hold'em tournament, which sees players from all across the globe. Now, the COVID-19 pandemic has led to the shutdown of most Las Vegas casinos, leading to the event's postponement. No new dates for the event have been announced yet. However, the World Series of Poker officials have informed that they will soon announce the format and updated schedule for the poker event.
2020 WSOP Postponed :
The 51st World Series of Poker (WSOP), is officially being postponed as a result of the public health emergency involving COVID-19. It is now targeted for fall of 2020, with exact dates and events to be determined.
More details: https://t.co/iaYZgSGXr9pic.twitter.com/UVL6PQwH96
Download World Series Of Poker
— WSOP (@WSOP) April 20, 2020
World Series Of Poker Install
In a statement released by Ty Stewart, Executive Director of the World Series of Poker, Stewart said, 'We are committed to running the World Series of Poker this year but need additional time to proceed on our traditional scale while prioritizing guest and staff well-being.'
Players Agree With Decision to Postpone
Some of the event attendees agreed that this decision by WSOP was the right one. The federal government recommends that certain steps must be taken for reopening businesses. The main guideline is to follow social distancing measures and limit crowd sizes. Hosting an event as big as the World Series of Poker, while keeping up with social distancing guidelines, would be quite challenging.
In another statement released by Ty Stewart, he said:
Where Is The World Series Of Poker Held
'In the interim, official WSOP competitions are expected to be played online this summer, and we will soon announce details of an expanded series of tournaments to be played on WSOP.com and through a partnership with international operators, which will allow players to chase WSOP glory from their homes.'
Online Poker Tournaments Available
Although in-person poker tournaments won't be happening anytime soon, it's still not a complete loss for the WSOP. They have announced the other WSOP competitions to be held online. Right now, the online event is legally available only for the residents of New Jersey, Nevada, and Delaware. Participants who choose to play online must be 21 years old and above.
David oancea. The actual WSOP poker tournament cannot be held online as of right now, considering the legality of casino games around the world. Any news regarding this and any other competition held by the World Series of Poker will be updated on their official website at WSOP.com.
