Nevada Business in Tourism

Riviera posts third-quarter losses
The parent company of the Riviera on the Strip increased its loss in the third quarter due to continuing double-digit decreases in revenues, a morning filing with the Securities and Exchange Commission shows. The company, which also owns a casino in Black Hawk, Colo., continues to talk with its creditors about its future which still could include bankruptcy. Riviera Holdings Corp., posted a net loss of $4.7 million, or a loss of 38 cents per share, for the quarter ended Sept. 30. The loss is an increase from the $3.5 million loss, or a loss of 28 cents per share, posted the same time last year.
[ source ] http://www.lvrj.com : November 9, 2009 |  Comments: (0)

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