Pokeraddict
Pokeraddict
Joined: Feb 21, 2012
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September 2nd, 2013 at 2:51:25 PM permalink
I went to Riv and was writing a trip report for a local site when I stumbled upon something the local media had not yet covered. Riviera's parent company is in default on two credit agreements as of a filing with the SEC last month. Its auditors released a "going concern warning" in its 10-K for fiscal 2012 filing with the SEC. The latest 10-Q was full of cautionary comments about its future.

The lenders also own part of the company so that may keep the boat floating for a while but it had posted a $14 million loss for the first half of 2013. Its hotel occupancy was just 55% during 2Q 2013.
DJTeddyBear
DJTeddyBear
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September 2nd, 2013 at 5:54:27 PM permalink
Interesting.

I don't think I read it here, but I recently read that they have been in violation of Nevada Gaming rules for several months now, because they do not have a 24/7 dining option.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ 覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧 Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
s2dbaker
s2dbaker
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September 2nd, 2013 at 7:09:45 PM permalink
Quote: DJTeddyBear

Interesting.

I don't think I read it here, but I recently read that they have been in violation of Nevada Gaming rules for several months now, because they do not have a 24/7 dining option.

I love that rule!
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
Pokeraddict
Pokeraddict
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September 2nd, 2013 at 7:51:54 PM permalink
Quote: DJTeddyBear

Interesting.

I don't think I read it here, but I recently read that they have been in violation of Nevada Gaming rules for several months now, because they do not have a 24/7 dining option.



The way I stumbled upon the SEC filings is that I was writing about the property and its closing of the poker room, buffet, Asian games pit etc. I believe the sign at the Banana Leaf Cafe showed 24/7. I just checked their website and it states it is 24/7:

http://rivierahotel.com/las-vegas-dining/banana-leaf-asian-restaurant/

I do not know how long they have been 24 hours. The British Pub was once 24 hours, but I believe that changed when the ownership went from tenant to casino.

Edit: It looks like there are two food court options that are 24 hours too:

http://rivierahotel.com/las-vegas-dining/mardi-gras-food-court/

I don't know how updated that is though because the buffalo wings place was out of business when I was there Saturday but still listed there.
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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September 2nd, 2013 at 9:00:54 PM permalink
Hmmm....

I probably read that on Anthony Curtis' site. Not the most reliable source...
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ 覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧 Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
EvenBob
EvenBob
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September 2nd, 2013 at 9:09:58 PM permalink
The Riv is one of the scariest places on the Strip,
its gives me the creeps when I'm in there. Its
smells odd and some of the pit people have been
there since Prohibition. Pit People, that's a good
name for them..
"It's not enough to succeed, your friends must fail." Gore Vidal
Pokeraddict
Pokeraddict
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September 2nd, 2013 at 9:23:43 PM permalink
I found it:

http://www.lasvegasadvisor.com/whatsnews2.cfm?showdate=08/31/2013&startdate=08/22/2013

Quote:

August 30, 2013 Riv Buffet Closed: It comes as no great surprise, following the discontinuation of dinner service earlier this year, but now the Garden Fresh Buffet at the Riviera has discontinued all service and closed its doors, effective immediately, we just learned courtesy of VegasChatter. As an aside, the Riviera continues to be in violation of Nevada gaming regulations, as it has been for months now, since it's a resort-hotel but does not provide any 24-hour dining option (see QoD 6/16/13).



I was there on August 31st and saw the sign for the cafe being 24 hours.

Edit: I don't like posting links to my work but I think hope domain is OK with the forum. My trip report is at 4flush.com and the earnings report info is at uspoker.com.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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September 2nd, 2013 at 11:41:47 PM permalink
Quote: Pokeraddict



I do not know how long they have been 24 hours. The British Pub was once 24 hours, but I believe that changed when the ownership went from tenant to casino.

I'm shocked Every time I go there they are packed and rooms are full. AAMOF late one night the Casino manager walked me up to the front of the check in counter as angry people in the line glared and grumbled. The manager told the receptionist to give me a room asap. The receptionist whispered to him we are full and over booked we have absolutely no rooms. He asked what are you going to tell all them people in line? the receptionist just shrugged his shoulders.

Absolutely NO British in that pub anymore. The Steakhouse sucks now IMO, service was mediocre at best 3 weeks in a row, food was so, so and they have a crappy menu at the other restaurant. With all that being said I still like the place they have ran some good promotions. Comedy club is always inexpensive and they have very funny comedians 2 of the best I have seen. You can always find free games of vintage pinball and air hockey in the arcade area, definitely +EV just don't tell Bob Dancer .

I would hate to see the Riv close or change hands.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
RogerKint
RogerKint
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September 6th, 2013 at 10:39:32 AM permalink
If I can't get my spotted dick when I'm in Vegas heads are gonna roll.
100% risk of ruin
AxelWolf
AxelWolf
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September 6th, 2013 at 11:33:39 AM permalink
I Was disappointed. The menu online looked great and i have never had that type of food, so we went just for that reason and the entire menu changed to crap.

My GF told me i was spoiled rotten, kids are starving in Ethiopia. I said....name one
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪

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