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Late Thursday night, Vital Vegas that the World Series of Poker will move from its home at the Rio to the new Caesars Forum Convention Center when it opens on the Strip in 2020.
According to Vital Vegas, a sale of the Rio is progressing.
You know those persistent rumors of Rio sale?
Next level chatter happening, Caesars seriously shopping this fixer-upper.
We consider the Rio its home for the foreseeable future.
The website has accurately predicted events in the past, but the concrete denial from Caesars casts this particular prediction in doubt.
However, it got us thinking about the possibility of such a move.
The pros of a WSOP move away from Riothe Rio All-Suites Casino and Hotel has hosted the series and seen poker through its most explosive growth period.
However, a move to the Strip would make sense for several reasons.
Prestige The Rio has always been something of an odd choice to host the marquee event for poker players.
However, the Rio has never been a crown jewel in the Caesars family of casinos.
It seems more appropriate for such an important event to be center stage.
The new Caesars Forum would be exactly that location.
The facility will be accessible via both car and walkways from those three properties.
Having the World Series of Poker in the middle of the Strip is guaranteed to increase accessibility best poker rooms vegas 2020 the millions of people who visit Las Vegas each year.
The prospect of taking a taxi or one of the free shuttles from the Strip to best poker rooms vegas 2020 somewhat remote Rio drives away more casual players and fans.
Profit potential Those casual players and fans could potentially spark a new phase of development for the WSOP.
A WSOP accessible to foot traffic would increase player numbers and player pools simply by virtue of people dropping by to see the show.
The presence of the WSOP next to those three casinos would also increase their value immensely.
Those three casinos have long been trouble spots for Caesars.
However, the WSOP occurring next door would make those rooms incredibly valuable real estate.
This effect would be particularly noticeable best poker rooms vegas 2020 the summer months.
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A waste of convention space The biggest reason that Caesars would not move from the Rio would be that a new convention center is far more valuable in its intended purpose.
A convention center in the heart of the Strip can command top dollar.
In fact, conventions at the Forum would run year-round.
Potentially, all three casinos would see a near-permanent uptick in business if they just stood pat.
Devaluation of the Rio Moving the WSOP away from the Rio would also have a deleterious effect on the Rio itself.
Most off-Strip casinos struggle to stand out from the crowd.
Unless they establish themselves as a place for locals, off-Strip locations have to maintain some sort of novelty for tourists to make the trip.
Logistical nightmare Holding the WSOP at a Strip location would create incredible logistical nightmares for the entire area.
The increased traffic, both read article and car, would congest the area even further.
There would also be ongoing complaints about parking fees and hotel rooms.
Every nearby casino would find itself swarmed with poker players, who are traditionally a lower-profit group for gambling establishments.
There would also be an increased need for staff and security.
With so much activity on the Strip, the chance of criminals preying on WSOP players would be a problem.
Conclusion We cannot say for sure which option we prefer.
However, for the time being, the WSOP appears to be staying put.
Beyond that, you never know what might happen in Vegas.
Say Goodbye to "Stratosphere Hotel & Casino" in Las Vegas!
It's a good idea to start preparing for the biggest poker tournament in the world. Late May, 2020, 24/7, Cash games and satellites begin at the Rio in Las Vegas.
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