October 25, 2014 12:50 PM ET

Hotels, Restaurants and Leisure

Company Overview of Riviera Holdings Corp.

Company Overview

Riviera Holdings Corporation, through its subsidiary, Riviera Operating Corporation, owns and operates the Riviera Hotel & Casino located on Las Vegas Boulevard in Las Vegas, Nevada. Its Riviera Hotel & Casino’s hotel comprises 5 towers with 2,075 guest rooms, including 171 suites; and casino consists of 834 slot machines and 21 gaming tables. The company was founded in 1993 and is based in Las Vegas, Nevada.

2901 Las Vegas Boulevard South

Las Vegas, NV 89109

United States

Founded in 1993

967 Employees

Phone:

702-734-5110

Key Executives for Riviera Holdings Corp.

Principal Executive Officer and President
Age: 45
Chief Financial Officer
Age: 46
Secretary
Age: 59
Vice President of Hotel Operations
Compensation as of Fiscal Year 2014.

Riviera Holdings Corp. Key Developments

Riviera Holdings Corp. Auditor Raises 'Going Concern' Doubt

Riviera Holdings Corp. filed its 10-K on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Riviera Holdings Corp. and Riviera Operating Corporation Announce Management Changes

Effective on October 7, 2013, the Board of Directors of Riviera Holdings Corporation appointed Michael Pearse, age 46, as the company's Chief Financial Officer and Treasurer. Further, Mr. Pearse was also appointed as the Chief Financial Officer, Treasurer and Vice President of Finance of the company's wholly-owned subsidiary Riviera Operating Corporation. Mr. Pearse fills these positions vacated by Mr. Paul Roshetko, who separated from these positions effective on October 4, 2013. The company has agreed to compensate Mr. Roshetko through October 18, 2013. Mr. Pearse brings over 19 years of experience in the hospitality industry, primarily in the area of finance and accounting. Before joining the company, Mr. Pearse was the Director of Finance for the Belle of Baton Rouge since January 2013. Before that, Mr. Pearse was the Vice President of Finance for L'Auberge Casino & Hotel Resort.

Riviera Holdings Corp. and Riviera Operating Corporation Announces Management Changes

Riviera Holdings Corp. announced that Andy Choy resigned as Director, President and Chief Executive Officer of the company and Riviera Operating Corporation (ROC), effective June 21, 2013. Effective on June 21, 2013, all of the holders of the Class A Shares of the Company elected Steven Hankin, age 52, to serve as director of the company and the company, in its capacity as sole shareholder of Riviera Operating Corporation, elected Mr. Hankin to serve as director of Riviera Operating Corporation. Mr. Hankin was elected as a Class A Director pursuant to the terms of the Stockholders Agreement, dated as of April 1, 2011, by and among SCH/VIII Bonds, L.L.C., SCH/VIII Bonds II, L.L.C., SCH/VIII Bonds III, L.L.C., SCH/VIII Bonds IV, L.L.C., Cerberus Series Four Holdings, LLC, Desert Rock Enterprises, LLC, Strategic Value Special Situations Master Fund, LP, Riviera Voteco, L.L.C. and the company. In addition, Mr. Hankin was appointed to serve as a member of a newly formed management agreement committee. Effective on June 21, 2013, the Board of Directors of the company appointed Robert James Kunkle, age 44, as the company's President. Further, Mr. Kunkle was also appointed as the President of ROC on June 21, 2013 and was hired as General Manager of ROC on June 24, 2013. Prior to joining the Company, Mr. Kunkle served in a number of positions with Station Casinos from March 2008 to November 2012, most recently as Vice President and General Manager of Texas Station Hotel and Gambling Hall.

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