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Rio Hotel & Casino Las Vegas Officially Joins the Destination by Hyatt Brand and Completes Phase One of its $340 Million Transformation

The newly reimagined Rio Hotel & Casino has officially joined the Destination by Hyatt brand, following the completion of the resort’s first phase of its $340 million property-wide transformation. As part of the Destination by Hyatt brand and award-winning World of Hyatt loyalty program, Rio connects guests and members to both the people and place of Las Vegas – offering guests a sense of belonging and the immersive experiences they crave. Rio is owned and managed by Dreamscape Companies.
As the largest property within Hyatt’s global hotel portfolio, based on room count, and the first Destination by Hyatt hotel in Nevada, Rio strengthens World of Hyatt’s brand footprint in the one of the world’s most vibrant destinations for leisure, convention and group travel.
“We are proud to welcome the new Rio Hotel & Casino to our Destination by Hyatt brand portfolio, celebrating Hyatt’s commitment to delivering one-of-a-kind experiences in key markets that matter most to our World of Hyatt members and guests. Rio is an icon reborn, and its legacy and unique character live on. We are excited for our members and guests to discover the experiences that make Rio Las Vegas a standout destination for global travelers,” said Mike Waddell, SVP of Global Franchise Operations at Hyatt.
Phase one of Rio’s $340 million renovation included the full redesign and modernization of the all-suite resort’s 1500-room Ipanema Tower featuring a new look inspired by the vibrant spirit of Rio de Janeiro: bold, colorful, and unapologetically radiant. The hotel also recently unveiled six new and distinctly different culinary destinations within the new Canteen Food Hall, 220,000 square feet of newly renovated meetings and convention space, a revamped pool district with four vibrant pools catering to both adults and families, and more than 500 new slot machines and 30 table games on the resort’s casino floor. The renovation is part of a larger vision to create a vibrant and dynamic lifestyle experience at the intersection of affordability and indulgence.
Other highlights from the resort’s phase one renovation include the openings of: Lapa Lounge, a sophisticated and vibrant cocktail destination located in the heart of the resort and inspired by Rio de Janeiro’s iconic Lapa neighborhood, and Luckley Tavern & Grill, a “come as you are” casual dining destination serving an approachable all-American menu. In addition, famed lighting designers Chris Kuroda and Andrew Giffin have created a stunning, programmable light show for the resort’s exterior.
Phase two of the resort’s renovation will focus on completely redesigning and modernizing the Masquerade Tower guestrooms and public spaces, ensuring an elevated and cohesive guest experience across the entire property.
“Rio’s Destination by Hyatt brand affiliation marks an exciting new chapter for our resort through our progressive evolution. We’ve not only reenergized the resort’s design and experience, but we’ve proudly honored its legacy as a quintessential Las Vegas icon, providing World of Hyatt members and global travelers with even more ways to immerse themselves in our destination’s fun, energetic and eclectic atmosphere,” said Patrick Miller, President and CEO of Rio Hotel & Casino.
Rio participates in World of Hyatt, allowing members to earn and redeem points for eligible stays and enjoy waived resort fees on Free Night Awards while elite members can enjoy their World of Hyatt benefits that can include room upgrades and more. Rio is currently participating in Hyatt’s cyber sale that offers World of Hyatt members up to 25% off their stay at Rio, along with over 800 hotels across the Americas. Members can book this offer on Hyatt channels now through December 9, 2024, for stays through April 20, 2025.
Latest News
Century Casinos, Inc. Announces Second Quarter 2025 Results

Century Casinos, Inc. announced its financial results for the three and six months ended June 30, 2025.
Second Quarter 2025 Highlights*
Compared to the three months ended June 30, 2024:
- Net operating revenue was $150.8 million, an increase of 3%.
- Earnings from operations was $16.6 million, an increase of 16%.
- Net loss attributable to Century Casinos, Inc. shareholders was ($12.3) million, a decrease in net loss of 70%, and basic net loss per share was ($0.40).
- Adjusted EBITDAR** was $30.3 million, an increase of 10%.
“We are proud of the strength and momentum we have built across our portfolio, which has shown solid year over year growth and generated positive cash flow in the quarter. Following various inquiries from third parties about potential asset sales and strategic partnerships, we have initiated a strategic review process as part of our ongoing commitment to driving long-term value creation and optimizing our portfolio of assets and operations,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked.
UPDATES
Sports Betting – Missouri – In May 2025, the Company announced that it has partnered with BetMGM to operate an online and mobile sports betting application under the Company’s license in Missouri. The agreement includes a percentage of net gaming revenue payable to the Company, with a guaranteed minimum, as well as retail sportsbook options to be exercised at the Company’s discretion. Sports betting is expected to begin in Missouri in the fourth quarter of 2025.
Caruthersville, Missouri – Since the opening of the new casino and hotel on November 1, 2024, net operating revenue and Adjusted EBITDAR** have increased 26% and 31% respectively.
Poland – The Company was awarded a second license in the city of Wroclaw in March 2025. The Company expects to open the casino in the fourth quarter of 2025. The Company was notified in June 2025 that it had not received a new license for a second casino in Warsaw and closed the casino at the Hilton Hotel. The license for the Company’s flagship casino in Warsaw at The Presidential Hotel runs through 2028.
Strategic Review Process – The Company’s Board of Directors (the “Board”) has initiated a comprehensive strategic review of its operations, capital structure and strategic growth options. The review will explore a range of potential strategic alternatives for the Company’s assets and businesses aimed at enhancing shareholder value and supporting long-term growth. These alternatives may include opportunities to unlock value within our existing property portfolio, optimize the Company’s capital structure, evaluate potential mergers, strategic partnerships, or the sale of the Company, and to analyze potential divestments of assets or other asset-level transactions. In connection with this review, the Company has engaged Faegre Drinker Biddle & Reath LLP as legal counsel and Macquarie Capital as financial advisor.
This review follows the Company’s recent substantial capital expenditure program and solid operational performance in the second quarter of 2025 and reflects the Board’s proactive approach to positioning the Company for future success in an evolving market landscape. The Board has not set a timetable for the conclusion of this review. At this stage, no commitments or decisions have been made and there can be no assurance that the review will result in any transaction or particular change to the Company’s business. The Company does not intend to make further public comments on the process unless and until it determines that further disclosure is appropriate or necessary.
Industry News
FanDuel Sports Network Appoints Damon Phillips to Lead South, Southeast, Florida and Sun Regions

FanDuel Sports Network, owned and operated by Main Street Sports Group, announced that Damon Phillips is joining the Company as Executive Vice President, Team Partnerships, effective August 25. In this role, Phillips will assume oversight of the South, Southeast, Florida and Sun regions, including partnerships with the Atlanta Braves, Atlanta Hawks, Carolina Hurricanes, Charlotte Hornets, Memphis Grizzlies, Miami Heat, Miami Marlins, Nashville Predators, Orlando Magic, and Tampa Bay Rays. He will report to David DeVoe, President of Main Street Sports Group.
“Damon brings an exceptional track record of using digital innovation, audience segmentation, and cross-platform strategies to drive fan growth and engagement. As we continue to invest in our local sports media platform, Damon’s deep leadership experience at both NBC Sports and ESPN, combined with his ability to scale technology-forward solutions for both media companies and team partners, provide a unique perspective as we continue to focus on team-first solutions in a dynamic local media landscape,” said DeVoe.
“I’m thrilled to be joining a company that’s reshaping what local sports media can deliver for fans and partners. FanDuel Sports Network has built a strong foundation and is uniquely positioned to harness the power of local fandom, scale engaged audiences and unlock new growth across its markets. I’m excited to help drive this next chapter,” said Phillips.
Phillips has spent more than three decades at the intersection of sports, media, and technology, including senior leadership roles at NBCUniversal and ESPN. At NBC Sports, he served as Senior Vice President, Digital Media & Emerging Businesses, overseeing NBCSports.com, Sports Betting, Fantasy Sports, the NBC Sports YouTube Channel, Peacock B2B distribution, and multiple podcast and streaming ventures. He led partnerships with DraftKings, BetMGM, Fanatics, and others, and provided strategic direction for the company’s FAST and sports betting content initiatives.
Latest News
CT Interactive Announces Strategic Partnership with Ondiss

CT Interactive has announced a strategic partnership with Ondiss, one of Argentina’s leading online casino platform providers. Through this collaboration, CT Interactive’s top-performing titles are now integrated into the Ondiss platform, significantly expanding the company’s reach within the region’s regulated iGaming market.
This integration adds value to the broad Argentine audience of Casino & Hotel Casino Magic S.A., which successfully uses the Ondiss platform. With CT Interactive’s certified and player-favourite content now available, operators on the platform are empowered to diversify their offerings and meet the increasing demand for engaging, high-quality games.
“Partnering with Ondiss marks a pivotal step in our Latin America strategy. Their extensive presence across multiple provinces complements CT Interactive’s ambition to offer licensed, engaging content to a broad Argentine audience. This collaboration allows us to strengthen our footprint in one of the most promising markets in the region,” said Martin Ivanov, COO of CT Interactive.
“I am excited to announce our partnership with CT Interactive, this is the result of our team’s unwavering commitment to delivering a first-class gaming experience. We’ve invested in innovation, cutting-edge graphics, and thrilling game mechanics to ensure that every bet and every spin is an unforgettable adventure for Ondiss clients. With this partnership we are rising the bar for what it means to play at an online casino, and we couldn’t be prouder of the result,” said Gonzalo Alvarez, Commercial Manager of Ondiss.
This partnership provides operators with a broader variety of content, boosts player engagement, and enhances the competitive position of the Ondiss platform throughout Argentina. For CT Interactive, it represents another milestone in strengthening its presence in Latin America and supporting the development of sustainable, regulated iGaming markets.
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