The Rio Las Vegas is Set for a Major Upgrade

Rio Las Vegas

Las Vegas is slowly beginning to see a new surge of visitors. As a result, many of the casinos here are updating their operating hours and undergoing renovations. New reports claim the Rio Las Vegas is now set for a major upgrade this year.

The Rio has never been the flashiest property in Las Vegas. That could soon change with the renovations being planned. Today, we’ll talk about some of the changes set to come here.

Let’s get into it!

Las Vegas Tourism is Starting to Increase Once Again

Throughout 2020, we learned that Las Vegas relies on tourism in a way no other US city does. The events that unfolded last year took a devastating toll on the city’s economy. No other city was as economically impacted as Las Vegas.

There was no easy fix for this situation. Casinos were eventually given permission to reopen, yet tourism rates remained extremely low here. It was a complicated issue that plagued the city throughout the entirety of 2020.

Things finally seem to be improving, though. Infection rates have been dropping in Nevada lately. As a result, state leaders are allowing the casinos in Las Vegas to increase their occupancy limits and open more amenities.

This, in turn, leads to more visitors in the city. It’s an exciting time for the casino companies here that have seen major drops in their monthly revenue figures due to these tourism slumps. We’re already beginning to see increases in gaming revenue throughout Las Vegas.

A number of major casino renovations have taken place throughout the past year. More are expected to take place over the next nine months. We’re now beginning to hear about some of the major ones being planned to take place in 2021.

The Rio Las Vegas has been a popular venue in Las Vegas for years. Here’s what we know about the new plans for this casino-resort.

A Massive Renovation is Being Planned for the Rio Las Vegas

Las Vegas is an area used to see casino renovations. Some of the biggest gambling venues here have been around for decades. It takes a tremendous amount of work to keep these properties in top shape.

The Rio Las Vegas was opened to the public in 1990. In 2019, Caesars Entertainment sold this property to developer Eric Birnbaum. It now appears that this venue will soon go under new leadership once again.

Reports have confirmed that this venue will soon become part of the Hyatt brand. A major renovation is in the works, as well. It’s a huge piece of news and one that will permanently affect this casino-resort moving forward.

“We are thrilled that Dreamscape will help us bring multiple Hyatt full-service brands to Las Vegas, starting with a Hyatt Regency hotel, which we believe will deliver on the Hyatt Regency brand promise of creating meaningful connections in modern spaces designed for sharing, socializing, and collaborating,” said Kimo Bertram, VP of Hyatt’s real estate division. “We know Las Vegas is an important destination for our guests, World of Hyatt members, and customers, and this project is a significant step for Hyatt as we continue to grow our brands in markets that matter most to our loyal travelers.”

It’s clear that Hyatt expects a major recovery to take place in Las Vegas. Taking control of this property may have been the best-possible option right now. An official date for the renovation of this venue has not yet come out.

This isn’t the only major casino sale to take place in Las Vegas recently. In fact, we may see more of these property sales taking place soon.

Will More Casino Sales Happen in Las Vegas This Year?

Most industries were affected by the global health crisis that began last year. Some, of course, were hit harder than others. It became clear early on that the country’s land-based casino industry was wholly unprepared for the situation it found itself in.

Many of the casinos around the country that shut down in March are still closed to this day. That includes several of Station Casinos’ biggest properties. The owners claim they will keep these venues closed until a clear profit margin can be established with opening.

Some companies chose to part ways with their major Las Vegas casino-resorts. That includes Las Vegas Sands. Not long ago, news broke that LVS had officially sold The Venetian and its major Las Vegas Convention Center. It was one of the largest sales in Las Vegas history.

MGM Resorts flirted with the idea of putting some of its properties for sale, as well. None of the company’s casinos have officially hit the market. With the improvements seen in revenue, that is now unlikely to take place.

Some of the smaller casinos in Las Vegas are still likely to be sold over the next nine months. That’s particularly true with the off-Strip venues struggling to bring in players. We’ll be sure to offer updates on these sales as the year goes on.

Are you surprised to hear about the Rio Las Vegas? Do you think this will help this property? Let us know in the comments section below.

The Opening Date of the Rio Las Vegas Has Been Revealed!

Rio Las Vegas

It’s been nearly eight months since the casinos across Nevada were shut down. Incredibly, some of the casinos here are still closed to the public. New reports indicate that the opening date of the Rio Las Vegas has been scheduled for December 22nd!

This is the last Caesars-owned Las Vegas property still shut down. Many fans of this venue are excited to see it up and running again. Today, we’re going to discuss what is being planned for the Rio.

Let’s get into it!

Las Vegas Officials Are Still Working Hard to Boost Tourism Numbers

Every city around the US has been affected by the events in 2020. Perhaps none have seen their economies hit quite as hard as Las Vegas. When the casinos shut down back in March, this city saw much of its economy completely come to a halt.

Las Vegas is known for its gambling and entertainment industry. It’s a city that relies on tourism in a major way. A huge percentage of the workforce in Las Vegas are involved in the tourism industry in one way or another.

In June, the casinos here began opening back up. Tourism rates slowly began to increase once again. As more venues reopened, tourism rates increased. These numbers are still significantly lower than what was seen in 2019, though.

The casino companies here continue to struggle. As a result, many have been forced to close for certain days of the week. The Encore Las Vegas and Park MGM are both shutting down for multiple days every week until further notice.

Officials here are working hard to increase tourism numbers. Unfortunately, many analysts predict that the upcoming winter months will lead to a major drop in tourism figures. Some even worry we could see another casino shutdown like the one back in March.

It’s a difficult time for casino operators. We’re now hearing when one of the most beloved casinos in Las Vegas will reopen to the public.

Caesars Offers Update on the Opening Date of the Rio Las Vegas

When most people think of Las Vegas, they imagine the Strip and all of the world-class casino-resorts featured here. As many know, however, some of the best gambling properties in the city are based away from the Strip. That includes the Rio Hotel and Casino on West Flamingo Road.

This venue, owned by Caesar Entertainment, closed its doors in March. Interestingly, it’s remained closed to the public since that time. Fans of this property have been asking for an update from Caesars Entertainment for years.

In early November, officials at Caesars claimed this property would reopen to the public before the end of 2020. This week, we received another update on the opening date of the Rio Las Vegas. Caesars claims it will finally begin accepting guests again on December 22nd.

Caesars president and chief operating officer Anthony Carano released a statement to the media about this situation to the media this week.

“We recognize the incredible effort it has taken to reopen our resorts and get us to this important milestone, and we look forward to welcoming our Team Members and Guests back to Rio with their health and safety still top of mind,” Carano said. 

It’s big news for Caesars. This company has been working hard to expand this year. Hopefully, the Rio manages to help boost tourism in Las Vegas.

Are More Casino Shutdowns on the Horizon?

It was incredible to see the country’s land-based casino industry completely shut down in March. This had never been done before and it had a huge number of unintended consequences. Some feel we’re heading towards another shutdown situation in the near future.

Cases of Covid-19 have been increasing around the country for weeks. Health experts across different states are trying to figure out the best approach to this situation. Casino companies are eagerly waiting to see what takes place.

Most agree that mass casinos could be devastating for the industry. Places like Las Vegas and Atlantic City are still struggling now with casinos open. If tourism stops in these places again, these cities may not recover for years.

Many casino companies are taking different approaches to increase revenue. Some have been adjusting hours to cut down on costs. Others, like Caesars, are working to break into the newly-emerging US sports betting market.

Casinos are still in uncharted waters. Even now, casinos remain closed. We’ll continue offering updates on the state of this industry over the next few months.

Are you excited to hear about the opening date of the Rio Las Vegas? Do you plan on visiting Las Vegas before the end of the year? Let us know in the comments section below!