History
The Rio opened on January 15, 1990 as a locals casino; it had been constructed and was owned and operated by Marnell Corrao Associates. The opening acts were the Brazilian Group Sérgio Mendes '99 and Henrietta Alves of New Orleans, bringing the first two-piano act to Las Vegas, with various co-performers. A 20-story expansion tower was added to the current Ipanema Tower in 1993. Masquerade Village, a hotel tower and casino expansion including the Masquerade Show in the Sky, opened in 1997, at a cost of over $200 million. The Rio was purchased by Harrah's Entertainment in 1999 for $888 million. After the purchase, the Culinary Workers Union organized the Rio employees through card check recognition by enforcing the neutrality clause of the existing Harrah's contract on the new acquisition.
Danny Gans, after moving from the Stratosphere Las Vegas, opened as the headliner in 1998. He later moved to The Mirage in 2000. Penn & Teller have been the resident headline entertainers since 2001.
The Rio's Penn & Teller Theater was the host venue of the 30th Anniversary Special for the hit CBS game show The Price Is Right and has been used for "Live! With Regis and Kelly," "Hell's Kitchen" and numerous Penn & Teller television projects. The hotel hosted the World Series of Poker in 2005, the first time this event was not held at Binion's. Binion's was used for the final three tables and the last two days of the competition as part of the celebration of Las Vegas' centennial. Since 2005, the Rio has been the home for the tournament.
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