Multi-layer NY-based ownership of the Rio
The [[casino:rio|Rio Las Vegas]] has had a complicated ownership stack since [[operator:caesars-entertainment|Caesars Entertainment]] sold it to Dreamscape Companies (Eric Birnbaum) in 2019 for $516M. Dreamscape took over operations from Caesars in October 2023. In 2026, Kennedy Lewis Investment Management acquired a majority stake from Dreamscape, leaving Dreamscape as the minority partner. Caesars no longer has any interest in the property.
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