{"id":27838,"date":"2015-03-12T13:08:55","date_gmt":"2015-03-12T20:08:55","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=27838"},"modified":"2015-03-12T13:08:55","modified_gmt":"2015-03-12T20:08:55","slug":"iconic-riviera-casino-to-close-its-doors-for-the-final-time","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/","title":{"rendered":"Iconic Riviera Casino To Close Its Doors For The Final Time"},"content":{"rendered":"
\"The
The iconic Riviera, whose previous owners have included Dean Martin, The Marx Brothers and the Chicago Outfit, it to close its doors after 60 years. (Image: topvegaspokerganes.com)<\/figcaption><\/figure>\n

The iconic Riviera Hotel<\/a> and Casino on the Las Vegas Strip will close May 4th, its management announced this week, just two weeks after it celebrates its 60th anniversary.<\/p>\n

\u201cThe Riv,\u201d as it is affectionately known, is one of the oldest casinos in Vegas, the ninth to be built on the Las Vegas Strip and the first high-rise building.<\/p>\n

Its story took in everything from the Mob to the Marx Brothers; Joan Crawford hosted its opening night party on April 20th, 1955, while Liberace provided the entertainment.<\/p>\n

However, if its glamor has faded in recent years, it is about to be snuffed out completely when the property is demolished to make way for an expansion of the Las Vegas Center and Convention Authority\u2019s (LVCCA) Las Vegas Global Business District.<\/p>\n

$275 Million in Debt<\/b><\/h2>\n

\u201cWith no shortage of sadness, we can confirm that our doors will close at noon on May 4, 2015,\u201d the casino said in a new release.”<\/p>\n

\u201cWe greatly appreciate the expressions of fondness and loyalty for ‘The Riv’ from our guests since ground first broke in 1954 and through the years.\u00a0More importantly we want to acknowledge and applaud our associates who have worked to create enduring memories for all of our guests. This is what will be remembered long after the walls have come down. We look forward to making the coming weeks fun, exciting and memorable.\u201d<\/p><\/blockquote>\n

The Riviera filed for Chapter 11 bankruptcy in July 2010 for the second time in its history, its holding company listing $275 million in debt. The casino had suffered from a lack of foot traffic in its part of the Strip due to the demolition of its neighbors, the Stardust, The New Frontier and The Westward Ho.<\/p>\n

The properties were knocked down to make way for new constructions, all of which were stalled by the recession, which meant that Vegas\u2019 overstimulated tourists remained in livelier areas. The property was acquired last month by the LVCCA for $182.5 million and it is currently leased back to its operators Paragon Gaming.<\/p>\n

1000 Jobs Lost<\/b><\/h2>\n

Paragon is the latest in a long line of operators, which has included Meyer Lansky<\/a> and the Chicago Outfit, while shareholders have included Dean Martin and the aforementioned Marx Brothers.<\/p>\n

Meanwhile, Paragon has said that its primary concern is finding employment for the casino 1,000 staff. The company is working with several agencies in Nevada to assist in the transition, it said. \u201cWe\u2019ve had a huge response of support from local and regional gaming companies looking for experienced and well-seasoned people,\u201d said Paragon CEO Scott Menk. \u201cWe hope to be effective in helping everybody connect.\u201d<\/p>\n

The new property, meanwhile, is expected to create 6,000 construction jobs, along with 6,000 more projected permanent jobs on completion.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The iconic Riviera Hotel and Casino on the Las Vegas Strip will close May 4th, its management announced this week, just two weeks after it celebrates its 60th anniversary. \u201cThe Riv,\u201d as it is affectionately known, is one of the oldest casinos in Vegas, the ninth to be built on the Las Vegas Strip and […]<\/p>\n","protected":false},"author":42,"featured_media":27839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,18,1],"tags":[],"acf":[],"yoast_head":"\nIconic Riviera Casino To Close Its Doors For The Final Time<\/title>\n<meta name=\"description\" content=\"Iconic Riviera Hotel and Casino to close May 4, says operator Paragon Gaming.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iconic Riviera Casino To Close Its Doors For The Final Time\" \/>\n<meta property=\"og:description\" content=\"Iconic Riviera Hotel and Casino to close May 4, says operator Paragon Gaming.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-12T20:08:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/03\/Casino-Riviera.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"367\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/\",\"url\":\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/\",\"name\":\"Iconic Riviera Casino To Close Its Doors For The Final Time\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/03\/Casino-Riviera.jpg\",\"datePublished\":\"2015-03-12T20:08:55+00:00\",\"dateModified\":\"2015-03-12T20:08:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Iconic Riviera Hotel and Casino to close May 4, says operator Paragon Gaming.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/iconic-riviera-casino-to-close-its-doors-for-the-final-time\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/03\/Casino-Riviera.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/03\/Casino-Riviera.jpg\",\"width\":550,\"height\":367,\"caption\":\"The iconic Riviera, whose previous owners have included Dean Martin, The Marx Brothers and the Chicago Outfit, it to close its doors after 60 years. 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