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The Plaza Hotel and Casino in Las Vegas was in the news a few weeks ago for its vintage progressive Keno video game. The game offered a long-running progressive jackpot that was finally hit by one lucky player. Eric Santos of Kahului, Hawaii walked away with the $96,000 jackpot on Saturday, Sept.21.
The Keno game at the Plaza actually originated at the Western Casino. The video game was relocated to the Las Vegas Club with the jackpot still intact. The game made its way to the Plaza where the jackpot was then transferred to a newer machine. The original Keno machine operated on coins.
As a vintage gambling machine, it will be raffled off in an October contest at the Plaza. This will be part of a special promotion at the Las Vegas casino resort. There will be two separate contests that month with plans to giveaway a dozen classic coin machines. Popular titles such as Joker Poker, Deuces Wild and Catch the Heat will be part of the collection. These vintage machines have quite a bit of nostalgic popularity. However, their antiquated technology is no longer compatible with newer slot machines.
Caesars Sells Its Las Vegas Casino Rio for $516 Million
The Rio All-Suite Hotel and Casino has been sold for $516 million. Caesars Entertainment currently owns the Rio. The new owner will be a real estate investment company that is part of Imperial Companies. The deal is still subject to regulatory approval from the Nevada Gaming Commission.
As part of the terms of the deal, Caesars will continue to operate the Rio for two years. The Las Vegas gaming giant will pay $45 million annually in rent. The deal also includes a $7 million third-year option for Caesars’ continued management services.
The Rio is located off the Las Vegas Strip. The buyer has also left open an option for continued Caesars management after the terms of the current agreement expires. The Rio will remain part of the Caesars rewards program as part of the deal.
There is also an agreement to keep the World Series of Poker at this location through 2020. Ownership of this highly popular event is not part of the agreement. Caesars will maintain ownership of WSP as a proprietary event.
Imperial Companies is a real estate investment firm based in New York. Earlier this year, Caesars announced that it would merge with Eldorado Resorts out of Reno. That deal was valued at more than $17 billion.
09/28/19 • 3 min
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