In July, Riviera Holdings Corp., owner of the Riviera casino on the Las Vegas Strip, missed an interest payment on a $245 million loan from Wachovia Bank. In March, Riviera decided to skip a $4 million payment due to declining business at its properties in Las Vegas and Colorado. “The company continues to engage Wachovia in discussions regarding events of default under the credit facility,” the company said a regulatory filing.

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.