Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  PLAINFIELD SPECIAL SITUATIONS MASTER FUND LTD.
2. Date of Event Requiring Statement (Month/Day/Year)
11/24/2008
3. Issuer Name and Ticker or Trading Symbol
RIVIERA HOLDINGS CORP [RIV]
(Last)
(First)
(Middle)
C/O PLAINFIELD ASSET MANAGEMENT LLC, 55 RAILROAD AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

GREENWICH, CT 06830
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 1,355,013 (1)
D (1)
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PLAINFIELD SPECIAL SITUATIONS MASTER FUND LTD.
C/O PLAINFIELD ASSET MANAGEMENT LLC
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
PLAINFIELD ASSET MANAGEMENT LLC
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
HOLMES MAX
C/O PLAINFIELD ASSET MANAGEMENT LLC
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    

Signatures

/s/Thomas X. Fritsch, Managing Director and General Counsel, on behalf of Plainfield Asset Management LLC 11/25/2008
**Signature of Reporting Person Date

/s/Thomas X. Fritsch, Authorized Individual, on behalf of Plainfield Special Situations Master Fund Limited 11/25/2008
**Signature of Reporting Person Date

/s/Thomas X. Fritsch, Attorney in Fact*, on behalf of Max Holmes 11/25/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares are owned directly by Plainfield Special Situations Master Fund Limited (?Master Fund?) and indirectly by Plainfield Asset Management LLC, a Delaware limited liability company (?Asset Management?), and Max Holmes, an individual. Asset Management is the manager of the Master Fund. Max Holmes is the chief investment officer of Asset Management. Each of Asset Management and Max Holmes disclaims beneficial ownership of all such shares, except to the extent to which each holds a pecuniary interest therein.
 
Remarks:
*Duly authorized pursuant to Power of Attorney, dated February 1, 2007, by and on behalf of Max Holmes, appointing Thomas X. Fritsch as his attorney in fact, which Power of Attorney was attached as Exhibit A to Amendment No. 1 to the Schedule 13G filed by the Reporting Persons with respect to the Common Stock of the Issuer on February 2, 2007 and is incorporated by reference herein.

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