Vegas Rio could be coming down in favor of an MLB ballpark

A little more than six weeks ago, rumors were circulating that Caesars was considering a sale of its famous Rio All-Suite Hotel and Casino in Las Vegas.  The company said at the time that nothing was in the works, but it now seems that the rumors may have had teeth.  New rumors are indicating that the Rio is going to be torn down to make room for an MLB ballpark. 

The latest rumors - as with the previous ones - are coming from Vital Vegas.  In a blog post by Fremont Street Experience marketing manager Scott Roeben, the industry insider said, "New rumor suggests Rio could be demolished, site to be developed as (wait for it) Major League Baseball ballpark.”

The landscape in Las Vegas is turning from one of casino gambling to one of sports gambling.  The Vegas Golden Knights was the first major sports franchise to launch in the city and the Oakland Raiders are expected to move there in 2020.  There are also rumors that the NBA will allow a franchise there and, now, the city could become home to an MLB team.  All that will be left are sports teams and slot machines. 

An NBA team is almost a sure bet.  Jim Murren, the CEO of MGM Resorts, owns 50% of the T-Mobile Arena and MGM owns the WNBA team, the Las Vegas Aces.  Murren has said that an NBA team is an almost guaranteed eventuality, stating, “I would think it would be highly plausible that an NBA team would like to relocate to what’s becoming one of the sports capitals of the US.  I frankly think it will happen. It’s a pretty fun place to watch sports.”

The Rio has been the home of the WSOP in Vegas.  If the rumors of the casino's razing are true, we might end up seeing the popular tournament somewhere along the eastern seaboard. 

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