Riviera announces bankruptcy plan

August 31, 2010

She was once one of the grand dames of the Las Vegas Strip. When she was built, she was the first high-rise on the Strip. For many years, Liberace, Dean Martin and other classic Las Vegas entertainers graced the stage of the showroom.

But in recent times, the Riviera lost a lot of her glamour and in trying to stay alive resorted to just barely hanging on.

We hope the grand dames luck is changing. Steve Green at the Las Vegas Sun reports about that the bankruptcy plan includes improvements and possibly new gaming equipment.

The Riviera Las Vegas hotel-casino would be spruced up and receive new gaming equipment under its parent company's bankruptcy reorganization plan.

Unable to service its approximately $291 million in debt and liabilities, Riviera Holdings Corp. filed for Chapter 11 reorganization in Las Vegas on July 12.

Investors led by longtime hotel and gaming industry executive Barry Sternlicht of Starwood Capital Group have acquired some of the debt and intend to lead the company out of bankruptcy.

Besides its 2,075-room Las Vegas property, the company owns the Riviera Black Hawk casino in Colorado.

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Liberace Items up for Auction

August 23, 2010

Liberace was one of the early entertainers to grace the Las Vegas Strip. He loved the little oasis in the desert. He quickly became the highest paid entertainer on the Strip and his name graced the marquee at the Riv for years.

As his fortunes and his popularity rose, Lee bought a home in Las Vegas, near what is today UNLV, off of Tropicana just west of Maryland Parkway.

A museum is dedicated to his life not far from the house and Tivoli Gardens, the restaurant he owned, is still doing business.

However, his home has come up for sale and the belongings and fixtures are being auctioned off. If you're a fan of the Travel Channel, you've no doubt seen the various hour long shows that include highlights from the interior of the house.