I’ve never been inside the Riviera on the Las Vegas strip and thus don’t write about it. The Riviera is one of the oldies on the strip and even though everything I’ve read or heard is pretty bad I figured I’d share some news.
The Riviera seems to be prepping for bankruptcy.
Riviera Holdings Corp. of Las Vegas reiterated Friday that it’s in talks with creditors about restructuring its debt – but continued to avoid comment on whether Starwood Capital Group LLC is preparing to take over Riviera through a prepackaged bankruptcy.
This comes as no surprise to me as an old property on the north end of the strip doesn’t seem to have much shine. I’m curious to see what happens to the property in the future. The facade is still very recognizable, but that probably won’t save it.
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