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Riviera Black Hawk to Repurchase Notes

22 August 2000

BLACK HAWK, Colorado –(Press Release)-- Aug. 22, 2000 -- Riviera Black Hawk Inc., (Amex: RIV) a wholly-owned indirect subsidiary of Riviera Holdings Corporation of Las Vegas, Nevada, announced that it intends to repurchase a portion of its 13% First Mortgage Notes in the open market or in negotiated transactions.

The repurchases may be suspended or discontinued at any time and will be discontinued when Riviera Black Hawk fulfills its objective of reducing the $45 million of Notes presently outstanding by approximately 20%.

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