Riviera Holdings Corporation was founded in 1993. The company owns and operates casinos in Colorado and Nevada. Mr. William L. Westerman is the Executive Chairman of Riviera, and Mr. Phillip B. Simons is the Chief Financial Officer. The Riviera Black Hawk Casino in Black Hawk, Colorado and the Riviera Hotel and Casino in Las Vegas are owned by the company. Riviera Holdings Corp. is based out of Las Vegas, Nevada.
Latest Riviera Casinos Company Stock News
Riviera Holdings Corp reported their third quarter financial results on Monday and made no assurance that the gaming company would be able to avoid filing for bankruptcy. The owners of the Riviera hotel and casino on the Las Vegas Strip have been considering bankruptcy since March as they defaulted in credit agreements.
Riviera Holdings announced today that its common stock will no longer be listed on the New York Stock Exchange. Trading was suspended yesterday by the NYSE, after Riviera was told the company had to meet requirements by a deadline company officials said they could not meet.
The first quarter showed a little kindness to Riviera Holdings, as the casino operator reported smaller losses than last year. Riviera said it lost $1 million, or eight cents a share, compared to $5.8 million, or forty-seven cents a share, last year.
A dispute in banking arrangements between Riviera Holdings and Wachovia Bank led to the bank notifying the casino operating company that it was in technical default of its credit provisions.
| WYNN | 71.75 | ||||
| LVS | 19.50 | ||||
| MGM | 11.75 | ||||
| BYI | 37.72 | ||||
| ISLE | 7.28 | ||||
| ASCA | 17.10 | ||||
| PENN | 25.62 | ||||
| CRYP | 3.70 | ||||
| IGT | 17.00 | ||||
| WMS | 40.54 | ||||
| BYD | 9.03 | ||||
| PNK | 9.30 | ||||
| MCRI | 8.64 | ||||
| RIV | 0.00 | ||||
| CNTY | 2.40 |
