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Report says Harrah's attempting to sell Rio

26 Apr 2010

By Dan Igo
Harrah's Entertainment is attempting to sell the Rio All-Suite Hotel & Casino in Las Vegas, according to a report from Bloomberg.

The report says the value of the off-Strip property is around $500 million.

The news of the potential sale comes two months after Harrah's acquisition of Planet Hollywood Resort & Casino was approved by Nevada regulators.

The Rio is the only Las Vegas casino that Harrah's owns which is not on the Strip. Harrah's owns Bally's, Bill's Gamblin' Hall & Saloon, Flamingo, Imperial Palace and Paris.

The Rio is the host of the World Series of Poker, which is also owned by Harrah's.
 
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