Riviera Holdings Corp.

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International Guild of Hospitality & Restaurant Managers

Riviera Holdings Corp. (AMEX:RIV)

2901 Las Vegas Boulevard South
Las Vegas, NV 89109

Phone: (702) 734-5110
Fax: (702) 794-9442
Employees (last reported count): 1,350

Riviera Holdings Corporation, incorporated in 1993, through its wholly owned subsidiary, Riviera Operating Corporation, owns and operates the Riviera Hotel & Casino (Riviera Las Vegas) located in Las Vegas, Nevada. The Company, through its wholly owned subsidiary, Riviera Black Hawk, Inc., owns and operates the Riviera Black Hawk Casino (Riviera Black Hawk) a limited-stakes casino in Black Hawk, Colorado.

Riviera Las Vegas

Riviera Las Vegas targets slot and mid-level table game customers with a focus on creating repeat customers and increasing walk-in traffic. The facility has 110,000 square feet of casino space. The casino has approximately 1,450 slot machines and 31 gaming tables, including blackjack, craps, roulette, pai gow poker, Caribbean Stud poker, Let It Ride and mini-baccarat. The casino also includes a keno lounge and a 200-seat race and sports book. In 2002, revenues from slots and tables were approximately 77% and 20% of total gaming revenue, respectively,

Riviera Las Vegas' hotel is comprised of five hotel towers with approximately 2,100 guestrooms, including 169 suites. Hotel expansion was completed, in 1988, upon the opening of the 930-room, 49-suite, 24-story Monaco Tower. The hotel recorded an occupancy rate of 89.6% (based on available rooms) in 2002.

Five bars and four restaurants are offered at Riviera Las Vegas. These serve an average of approximately 5,312 meals per day, including banquets and room service. It completely remodeled its buffet, in 2001, upgrading the ambiance and food quality, featuring cuisine from various countries, as well as a carving station. Riviera Las Vegas operates a snack bar and continental breakfast buffet, as well as a fast-food court operated by a third party. The food court has 200 seats and several fast-food restaurants, including Burger King, Pizza Hut, Panda Express, Quiznos and La Salsa.

Riviera Las Vegas features 160,000 square feet of convention, meeting and banquet space. The convention center can be reconfigured for multiple meetings of small groups or large gatherings of up to 5,000 people. Riviera Las Vegas hosted 378 conventions in 2002. The hotel has over 708,000 convention-related advance bookings of rooms through 2006, consisting of approximately 469,000 definite bookings and approximately 239,000 tentative bookings. In 2002, approximately 29.0% of the rooms were occupied for conventions. The Royal Pavilion portion of the convention center, which opened in February 1999, and represents approximately 60,000 square feet of the Company's convention facility, features convention, meeting and banquet facilities, teleconferencing and satellite uplink capability and 12 skyboxes.

Riviera Las Vegas offers up to eight different regularly scheduled shows and special appearances by headline entertainers in concert. Riviera Las Vegas' entertainment program includes such shows as Splash (a variety show), An Evening at La Cage (a female impersonation show), Crazy Girls (an adult revue), featured comedians at the Riviera Comedy Club and up to four different regularly scheduled shows in the Company's LeBistro Theater.

Riviera Black Hawk

Riviera Black Hawk opened on February 4, 2000. The Riviera Black Hawk casino features a number of gaming devices, with approximately 1,000 slot machines and nine blackjack tables. In Colorado, each slot machine and table game is considered one gaming device.

Riviera Black Hawk also offers non-gaming amenities to further differentiate the casino. These include parking for 520 vehicles, of which 92% are covered, with free self-park and valet options; a remodeled 252-seat casual buffet-styled restaurant; a Pizza Hut; two themed bars, and an entertainment center with seating for approximately 440 people.

Riviera Black Hawk casino competes with Isle of Capri, which is located across the street from the Company's casino.

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