LAS VEGAS (KTNV) - A pair of tweets by the closely-watched Vital Vegas Twitter account has set off a firestorm of speculation about the possibility of Major League Baseball coming to Las Vegas and a stadium being built where the Rio hotel-casino currently stands.
We'll up the ante on our Rio sale rumor with another juicy tidbit: As we've shared, could very well be a land play. New rumor suggests Rio could be demolished, site to be developed as (wait for it) Major League Baseball ballpark.
There's been a spike in investor interest in parcels around Rio. The speculation part: If an MLB ballpark plan is in the works, it's an "Aha" moment for why Stations has invested so much in Palms when it can't possibly recoup the investment—unless they know something we don't.
Vital Vegas, which is ran by Scott Roeben, also reported last month that Caesars Entertainment is hot to sell the off-Strip property and it appears the resort may be preparing for a sale by scaling back some of its offerings and laying off some of its employees.
Chatter out of Rio is room service for entire resort will soon end at 11:00 p.m. daily. Also hear a good portion of butler staff of Palazzo Villa suites to be laid off next week, dedicated kitchen to be shut down. We vote further indication of sale.
So far, Caesars Entertainment has not commented on possible sell of the Rio but local commercial real estate agents said they have seen a spike in interest in the area surrounding the Rio in recent months.
Roeben said in an interview with KTNV that his sources close to the deal say the sale of the Rio will likely go through in the next few months. He said the success of the Golden Knights has given investors a reason to move on the deal.
Local sports writer Steve Carp, whose new book "Vegas Born" just hit the shelves, also told KTNV that it's not such a crazy idea because people like to come to Las Vegas.
This is not the first time that there has been speculation of MLB making its way to the valley. It was reported in July 2018 that Las Vegas is high on the list for an expansion team.
The Rio opened its doors in 1990 and is one of the biggest off-Strip properties, sitting on more than 100 acres of land. It has more than 2,500 hotel rooms and is home to the annual World Series of Poker and headliners Penn & Teller.