Report says Harrah's attempting to sell Rio

26 April 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.

Report says Harrah's attempting to sell Rio is republished from Online.CasinoCity.com.