sec document
UNITED STATES
SECURTIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
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RIVIERA HOLDINGS CORPORATION
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RIVIERA HOLDINGS CORPORATION
2901 Las Vegas Boulevard South
Las Vegas, NV 89109
Investor Relations: (800) 362-1460
TRADED: AMEX - RIV
www.theriviera.com
FOR FURTHER INFORMATION:
AT THE COMPANY: INVESTOR RELATIONS CONTACT:
Mark Lefever, Treasurer and CFO Betsy Truax, Skorpus Consulting
(702) 794-9527 Voice (208) 241-3704 Voice
(702) 794-9442 Fax (208) 232-5317 Fax
Email: mlefever@theriviera.com Email: betsytruax_hartman@msn.com
FOR IMMEDIATE RELEASE:
RIVIERA HOLDINGS RETAINS JEFFERIES & COMPANY TO EXPLORE STRATEGIC AND
FINANCIAL ALTERNATIVES
LAS VEGAS, NEVADA (MAY 11, 2007) Riviera Holdings Corporation (Amex:RIV)
today announced that it has retained Jefferies & Company, Inc. as its financial
advisor to assist it in exploring a range of strategic and financial
alternatives in order to enhance shareholder value. These alternative include,
but are not limited to, a sale of the entire Company.
"Our hiring of a financial advisor is a continuation of our efforts to
thoroughly consider all opportunities to maximize shareholder value," said
William L. Westerman, Chairman, President and chief Executive Officer. "We
understand that our prime location on the Las Vegas Strip has enormous market
value, as well as having appreciated significantly. We are committed to working
with Jefferies to maximize this value, as well as that of our other assets, for
our shareholders."
FORWARD-LOOKING STATEMENTS:
This news release contains "forward-looking statements", as that term is
defined in Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which we believe are
reasonable at the present time. These forward-looking statements involve
significant uncertainties as to whether we will achieve future growth and
success. Our actual results and actual events may differ materially from what is
expressed or implied in our forward-looking statements. We do not plan to update
our forward-looking statements even though our situation or plans may change in
the future, unless applicable law requires us to do so.
ABOUT RIVIERA HOLDINGS:
Riviera Holdings Corporation owns and operates the Riviera Hotel and
Casino on the Las Vegas Strip and the Riviera Black Hawk Casino in Black Hawk,
Colorado. Riviera is traded on the American Stock Exchange under the symbol RIV.
For additional information, please visit the Company's website at
www.rivierahotel.com.
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