TITLE

RIVIERA HOLDINGS CUTS EXPENDITURES, DELAYS PROJECT

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/17/2008, Vol. 25 Issue 46, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Riviera Holdings Corp. to cut nearly all capital expenditures for 2009 and delay room renovations at its property in Las Vegas, Nevada to weather the general economic crisis. It states that the company has a $20 million revolving credit line and a $225 million bank loan at just under 7.5 percent interest, which does not mature until June 2014.
ACCESSION #
35377818

 

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