CASINO

Las Vegas’ Riviera Holdings Corp. files for Chapter 11

TAGs: chapter 11 bankruptcy, riviera las vegas

Riviera-Chapter-11-BankruptcyRiviera Holdings Corp., which controls casinos in Nevada and Colorado, filed for Chapter 11 bankruptcy protection on Monday. Given that the majority of the organization’s creditors are on board with the filing, the casinos in question are expected to remain open for business. Attorneys representing the cash-poor corporation blamed “reduced consumer spending, a tightening credit market, and an overall weakening economy” for their plight. Also, giant killer bees. Read more.

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