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Riviera reports board re-elected

LAS VEGAS, Nevada -- (PRESS RELEASE) -- At the annual shareholders' meeting of Riviera Holdings Corporation (Amex: RIV) held this morning, approximately 90% of the voting shareholders voted to re-elect William L. Westerman, Jeffrey A. Silver, Paul A. Harvey, Vincent L. DiVito, and James N. Land, Jr.

William L. Westerman, Chairman of the Board of the Company, stated, "We believe that today shareholders re-affirmed their faith in not only the Board, but also the Board's commitment to maximizing shareholder value and its ability to provide a fair and level playing field for all eligible buyers of the Company. We believe that the Board's re-election, together with the retention of Jefferies & Company as the Company's financial advisor, is a key step in Riviera's exploration of strategic alternatives for the Company, including a sale of the entire Company."

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