Monday, May 17, 2010

Riviera loses $4.5 million, says bankruptcy possible

Riviera Holdings Corp., owner of casinos in Las Vegas and Colorado, today said it lost $4.5 million as revenue fell in the first quarter.


The loss, amounting to 36 cents per share, compares to a loss in the year-ago quarter of $1 million or 8 cents per share.

Net revenue of $30.8 million was down from $34.7 million in the year-ago quarter.

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