Executive Shake-Up at Rio Las Vegas
A significant change in ownership and leadership has taken place at Rio Las Vegas as Kennedy Lewis Investment Management has moved into the position of majority owner. Dreamscape Companies, which initially purchased the property from Caesars Entertainment in 2019, has transitioned into a minority ownership role. This shift in the corporate structure has resulted in an immediate and substantial shake up of the executive team at the resort. The ownership transition involved buying out former minority stakeholders, including longtime casino executive Bill McBeath. Following the change in control, several high ranking officials have departed the organization. Among those no longer... The post Executive Shake-Up at Rio Las Vegas appeared first on This Week in Gambling.
A significant change in ownership and leadership has taken place at Rio Las Vegas as Kennedy Lewis Investment Management has moved into the position of majority owner. Dreamscape Companies, which initially purchased the property from Caesars Entertainment in 2019, has transitioned into a minority ownership role. This shift in the corporate structure has resulted in an immediate and substantial shake up of the executive team at the resort. The ownership transition involved buying out former minority stakeholders, including longtime casino executive Bill McBeath. Following the change in control, several high ranking officials have departed the organization. Among those no longer...
The post Executive Shake-Up at Rio Las Vegas appeared first on This Week in Gambling.
