IGT to Provide Rio Las Vegas with Casino Management Tech
International Game Technology (NYSE: IGT) has won a get from Dreamscape Companies to ply technology direction services to the Rio Hotel & Casino inwards Las Vegas.
That understanding will occupy set up in the quaternary canton when Dreamscape assumes in operation(p) moderate of the locale from Caesars Entertainment. London-based IGT will bring home the bacon Rio with its IGT Advantage system, and Dreamscape will also habituate IGT’s M5 content livery answer to flow bonuses on the Lucky Coin and Random Riches gaming machines.
IGT Advantage with the M5 root and various bonusing and divine service apps testament recreate integral roles in Rio Hotel & Casino’s mental ability to deliver remarkable participant experiences and gain our gaming floor and loyalty program,” said Kevin Sweet, Rio Hotel & Casino chief gaming officer in a statement.
Financial terms of the understanding weren’t revealed. Dreamscape is the proprietor of the Rio’s attribute assets. Caesars Entertainment (NASDAQ: CZR) continues to control the locus next a $516.3 zillion sale-leaseback business deal struck between the II companies inwards December 2019.
More Rio Plans
Separately, Dreamscape announced architecture and design partners for Rio as it plans a major modernize of the dated venue. Fettle, Gianpiero Gaglione Interior Design (GGID), Lifescapes International, and Marnell Architecture testament track the renovations.
“Looking to fully takeover operations inwards Q4 of this year, Dreamscape’s multi-year redevelopment of the resort includes a total freshen of the 2,500 all-suite invitee rooms; 150,000 square-foot cassino floor; 220,000 square-foot coming together and conventions space; Phoebe acres of luxury poolside amenities and full general holiday resort areas, with the design of several new, first-to-market food for thought and potable concepts,” according to a statement.
Interestingly, Marnell was the pilot owner and manipulator of Rio. Additionally, the fellowship has been associated with marquee Strip projects, including Bellagio, the Cosmopolitan remodel, and expansions at the Aria and Caesars Palace pattern spaces, among others. Lifescapes International has its possess solidness gaming resume.
“Lifescapes has created distinct, cutting-edge landscape painting designs for numerous notable projects including Wynn and Encore Las Vegas, Bellagio Hotel & Casino, The Mirage, Pendry Dame Rebecca West Hollywood Hotel & Residencies, Four Seasons Hotel Macao, Fontainebleau Miami Beach, and more,” according to the statement.
Dreamscape Committed to Rio
Earlier this year, New York-based Dreamscape raised $850 million in capital, a portion of which will follow directed to refurbishing Rio.
With the spirit to preserve the property’s finger cymbals and honor its legacy, Dreamscape testament utilise the funding to reimagine the two-tower structure, restoring it into a premiere holiday resort and cassino have with modernized amenities and an raiment of offerings that speak to today’s gaming and hospitality consumer. The dimension will remain unresolved end-to-end the renovation, with the companion slated to officially make o'er and care trading operations at the resort hotel in 2023,” Dreamscape said inward February.
The society added it may verbatim some of those proceeds to acquiring other gaming properties.
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