Caesars Entertainment has sold the Rio, but will continue to operate it for at least 2 years. The Rio is still part of Caesars Rewards and is still the home of the World Series of Poker.

Most of the changes will be behind the scenes. The typical guest will probably not notice a difference for now.

You can read the full article here:
http://www.meetings-conventions.com/News/Gaming/Caesars-Sells-Rio-Vegas-Continue-Operation/