Is Las Vegas's Riviera Hotel about to be history?

14 February 2015By Richard N. Velotta and Howard StutzLAS VEGAS — Is the Riviera Hotel and Casino about to join the Dunes, New Frontier, Stardust and others in the Las Vegas history pages?Real estate, gaming and tourism sources, all speaking on background, have asserted the 60-year-old Strip resort will be purchased and demolished by the Las Vegas Convention and Visitors Authority, with the site being used for planned convention center … Read the rest

In historic vote, LVCVA approves purchase of Riviera

23 February 2015By Richard N. Velotta and Howard StutzLAS VEGAS — By all accounts, it was a historic vote.In just more than an hour on Friday, the Las Vegas Convention and Visitors Authority board of directors agreed to purchase a Strip hotel in that has-been operating for nearly 60 years of time and at the same time, jump-start a project some say is bigger than the state’s Tesla Motors deal … Read the rest

Riviera Hotel to be demolished for Las Vegas Convention Center expansion

18 February 2015By Richard N. Velotta and Howard StutzLAS VEGAS — The walls of the Riviera Hotel and Casino will, indeed, come tumbling down.The Las Vegas Convention and Visitors Authority on Tuesday agreed to be scheduled a special board meeting on Friday to consider acquisition of the 60-year-old Strip resort for $182.5 million, which includes up to $8.5 million in transaction-related expenses. Morgan Stanley, which was hired to oversee the … Read the rest

Police report details alleged high-end burglaries

LAS VEGAS — A North Las Vegas guy who allegedly pulled off a string of high-end residential burglaries in the Summerlin area from December 2013 through last August gave a detective a detailed account of how the spree unfolded, reportedly a Metro Police report. Brandon Birdsong, whose indictment by a Clark County grand jury was unsealed Wednesday, was approached at his home by detectives in September. They sat down at … Read the rest

The Wall Street Journal: Bank of America settles Fontainebleau Las Vegas lawsuit

By Matt Jarzemsky Getty Images Bank of America Corp. agreed to pay a group of lenders to the failed Fontainebleau Las Vegas $300 million to adjust allegations it improperly advanced funds to the casino project as its finances deteriorated, reportedly the bank’s annual yearly report. The settlement stopped a multiyear legal battle over BofA’s role administering a $1.85 billion credit facility to fund the project, which filed for bankruptcy protection … Read the rest

LVCVA board OKs purchase of Riviera hotel-casino

The Riviera hotel-casino, which could alter hands to the LVCVA, was 1st opened on the Las Vegas Strip in 1955. (FOX5) LVCVA exhibited a concept design for its planned convention building in the space where the Riviera hotel-casino occupies. (Jane Sander/FOX5) LAS VEGAS (FOX5) – Plans to purchase the aging Rivier Hotel and Casino on the Las Vegas Strip will move forward after the city’s tourism bureau gave the go-ahead … Read the rest

Tourism authority OKs $182.5 million purchase of Riviera

The Las Vegas Convention and Visitor Authority plans to use the site of the Riviera as part of a $2.3 billion Las Vegas Global Business District project, which includes a 1.8 million-square-foot expansion of exhibit and meeting space, shown here. By J.D. Morris (contact) Published Friday, Feb. 20, 2015 | 10:51 a.m. Updated 1 hour, 12 minutes ago Riviera Launch slideshow » This rendering, provided by the Las Vegas the … Read the rest

Convention and visitors authority votes to buy Riviera hotel-casino

Las Vegas, NV (KTNV) — The Las Vegas Convention and Visitors Authority has voted to buy the Riviera hotel-casino on the Las Vegas Strip. The LVCVA plans to get rid of the hotel-casino and replace it with convention space as part of its planned Las Vegas Global Business District. The Riviera hotel-casino opened on the north end of the Las Vegas Strip in 1955. This is a developing story. Action … Read the rest

Riviera to be demolished for massive LVCVA expansion

LAS VEGAS — The Las Vegas Convention and Visitors Authority board of directors unanimously approved on Friday to purchase the Riviera hotel-casino as part of a massive expansion effort. Further details about a timeline of events were not immediately available. The two-phase project would take anywhere between 5 to 8 years of time to complete and would create the $2.3 billion Las Vegas Global Business District. LVCVA says it’s the … Read the rest