As part of that, he confirmed that he aims to buy more casinos as a landlord. In an interview Friday, Birnbaum indicated he plans to grow Dreamscape’s “independent” real estate and operations arms. But huge sums of money have changed hands in this property ownership overhaul. This shuffle has resulted in little, if any, visible effects for the masses of tourists who cram the Strip.

Las Vegas Boulevard is dominated by rent-collecting landlords, as massive hotels on the Strip were sold in recent years for billions of dollars to investors who locked in huge lease rates. The Brazilian-themed hotel-casino, on Flamingo Road about a mile west of the Strip, opened in 1990 and was acquired by Birnbaum in 2019. The funds also will be used to bankroll a “multi-phase renovation” of the Rio, the release said.

It’s launching a real estate investment trust that will own casino, hospitality and entertainment assets, and an entity to operate such businesses, according to a news release. His firm, Dreamscape Companies, recently announced that it raised $850 million in capital. (Ellen Schmidt/Las Vegas Review-Journal) casino operators making hefty rent payments, Rio landlord Eric Birnbaum wants more of the action. I believe they also have two cent Tuesdays.The Rio hotel-casino on Friday, Feb. If really want to stay here, then look for their sales, not sure when they occur. The pick up spots for these are different than where the taxi pick up is. Also, to my knowledge, taxi's charge an automatic $3 fee, in addition to your fare. Price was great, most other things were not. Managed to get a cheap price for he room, ~$75, during their sale. The Voodoo lounge gives a great view of the strip. (To my knowledge the Deluxe and Classic rooms are not renovated, the Premium and Luxury are renovated, strip and mountain view respectively). There was a strip view, but the room was far from renovated. Stayed in a Premium room, which is supposed to be a renovated, strip view room. The elevators seem to take a very long time, plus one elevator was not in use with no signs of repair. There is no walkway for luggage in the casino.

I was not able to check out on the kiosk. It appears you need your confirmation number to use the check-in kiosk. The check in/check out lines are way way too long.

Rio Hotel and Casino Las Vegas CA