Rumors: Penn National To Buy Rio?

I haven’t noticed this before, but there’s been a rumor that Harrah’s would be selling the Rio to Penn National, who has been looking to get into Las Vegas for a while now.  Last time I read (and wrote) about Penn National was their failed bid for Fontainebleau.

Penn National has been working it’s way towards Las Vegas for years and the Rio would be a healthy start for the company. Although the Rio is not located on the Las Vegas Strip it is considered a Las Vegas Strip property. Penn National has an extensive data base and it is unclear it they will be able to tap into the Harrahs Entertainment’s enormous database as part of the deal.

I think the Rio is a good entry point into Las Vegas for Penn National.  The purchase price should be less expensive then being on the strip, but its location is close enough to be part of the action.  There are also quite a bit to update at the Rio, but it’s not as though the place has to be destroyed.

This gives Harrah’s some extra cash so that it can pay down some of it’s debt when it’s due.  Or they can buy more casinos.

I’m looking forward to seeing some fresh blood in Las Vegas.  Maybe this will give me an excuse to wander on over later this trip.

World Series Of Poker 2010 Plans

The World Series of Poker (WSOP) for 2010 will take place between May 27 and July 17 and once again will be held at the Rio All-Suite Casino & Hotel in Las Vegas.  There will be a few additions to the WSOP this year, including a low-limit buy-in tournament.

…Another first at the WSOP this year, the first 5 weekends of the series will feature $1,000 buy-in No-Limit Hold’em tournaments with two starting flights.  May 29-30, June 5-6, June 12-13, June 19-20 and June 26-27 will offer No-Limit Hold’em players from the weekend warrior to the most advanced player the opportunity to compete in some of the largest fields of the year for huge prize pools and a gold bracelet.  A sixth event on July 1-2, will also offer the same event at the same buy-in level, just days before the Main Event commences.

Visit WSOP’s site for full information

ESPN To Broadcast World Series of Poker until 2017

ESPN extended their deal to broadcast the World Series of Poker (WSOP) through 2017.

ESPN has aired the WSOP since 2003. The current contract runs through next year. The new deal begins in 2011. ESPN will pay a rights fee. Terms were not disclosed.

Taped coverage of the World Series airs on ESPN, ESPN2, ESPN Classic, ESPN International and more.

With ratings down slightly this year some may see this extension as a surprise, but poker still has plenty of 18-24 male viewers which is a key demographic for advertisers.  This essentially gives ESPN a stranglehold on the largest poker event on TV until popularity wanes.

I’ve mentioned here that I’ve moved on from watching poker on TV, but I’m not the average person.  I usually adopt before the average person and move on before that same person.  2017 seems like the right time for the guy in Iowa to be tired of poker on TV.

World Series Of Poker (WSOP) Turns People Away!

World Series Of Poker Logo
World Series Of Poker

For the first time ever the World Series of Poker (WSOP) sold out.  Yesterday’s “Event 4” was sold out and forced Harrah’s to turn away people who traveled from all over the world to compete in the event.  ESPN covers both the poker and the upset non-contestants.

Obviously Harrah’s expected to see a decrease in attendance this year with the hurting economy but there have been more people visiting for the WSOP.  I’m sure “A chip and a chair”, “A dollar and a dream”, and other clichés are on people’s minds right now.  This is tough for anyone that spent the time and money to make the trip out there.  If there were a lot of people turned away I’m sure that an extra day could have been added.  I would guess that there weren’t many effected.  The negative PR by a few won’t dissuade the masses.  Still – this is lame.

World Series of Poker Starts Today!

The 40th annual World Series of Poker begins today at the Rio in Las Vegas, Nevada.  I don’t play casino poker because it bores me.  I play with friends and that’s all.  Here are some links for you to get more information.

There is a schedule of every World Series of Poker event here

ESPN television schedule for the World Series of Poker here.

I won’t likely read the news of the even but I’ll watch the TV coverage.  If something interests me, I’ll share it as usual.