Rio Las Vegas’ new owner told the Associated Press that there is no plan to demolish the casino resort. The iconic Stardust Resort & Casino was imploded in 2007 to make way for the new Wynn Las Vegas, and the Sahara Hotel & Casino was demolished in May of this year. The Rio is just the latest Las Vegas property to be targeted for redevelopment. It is unclear what will happen to these events when the property is demolished. The Rio is currently home to several shows and events, including the popular Penn & Teller magic show. However, no buyers emerged, and Caesars decided to keep the property. The property has been struggling in recent years, and it was even put up for sale in 2017. The hotel has 2,522 suites, and it is located just off the Strip on West Flamingo Road. The Rio has been a staple of the Las Vegas Strip since it opened in 1990, and it is known for its Brazilian theme and vibrant atmosphere. The property, which is owned by Caesars Entertainment, is reportedly being considered for a new development. The Rio All- Suite Hotel and Casino in Las Vegas is set to be demolished, according to a new report.
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