![Rio Announces Large-Scale Renovations, Operational Shake-Up](https://ggbnews.wpenginepowered.com/wp-content/uploads/2023/02/eric-birnbaum.jpeg)
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Dreamscape Companies CEO Eric Birnbaum (l.), owner of the Rio, recently raised over $800 million in capital and has big plans for it, including a large-scale renovation of the property and the formation of two new companies that will presumably be used to supplant Caesars Entertainment as the operators of the off-Strip casino.
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