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Riviera Holdings reports $15.9 million net loss for 2011

4 April 2012

Riviera Holdings, owner of the Riviera on the Strip, reported a net loss of $15.9 million last year, a modest increase from the $13 million loss in 2010. The Riviera, which emerged from bankruptcy in April 2011 under new ownership, reported net revenues for the Strip property were $81.7 million, up 3 percent from $79.3 million in 2010.

The company did not disclose quarterly numbers in its annual report. Riviera Holdings attributed the loss to higher casino and general administrative expenses.

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