Riviera Holdings Corporation
2901 Las Vegas Boulevard South
Las Vegas, Nv. 89109
Investor Relations: (800) 362-1460
Traded: AMEX-RIV
Website: www.theriviera.com
FOR FURTHER INFORMATION:
AT THE COMPANY: INVESTOR RELATIONS CONTACT:
Duane Krohn, Treasurer and CFO Betsy Truax, Skorpus Consulting
(702) 794-9527 Voice (208)-241-3704 Voice
(702)-794-9442 (208)-232-5317 Fax
Email: [email protected] Email: [email protected]
FOR IMMEDIATE RELEASE
RIVIERA ANNOUNCES NEW PRESIDENT OF SUBSIDIARY
LAS VEGAS, NV - October 5, 2000 -- Riviera Holdings Corporation (AMEX:
RIV) today announced that Robert Vannucci has been appointed President and Chief
Operating Officer of Riviera Operating Corporation (ROC). ROC operates the
Riviera Hotel and Casino in Las Vegas and owns and operates the Riviera Black
Hawk Casino in Black Hawk, Colorado through its wholly owned subsidiaries. Mr.
Vannucci will report to William L. Westerman, Chairman and Chief Executive
Officer of ROC and Riviera Holdings Corporation, who previously held the
position.
Mr. Westerman said, "I'm pleased that Mr. Vannucci has accepted
this well deserved promotion. His creativity and cost-effective marketing
programs have been a major factor in the Riviera Las Vegas' ability to not
only survive, but thrive in the competitive Las Vegas market. I'm looking
forward to working with Bob to ensure the Company's continued growth and
success."
In his new role, Mr. Vannucci will be responsible for the daily
operations and growth of the Riviera Hotel and Casino. Mr. Westerman will
continue to be responsible for Riviera's overall strategic market growth. "I
look forward to being able to focus more of my energies on Rivieria's strategic
direction and on expanding our presence in the gaming market," Mr. Westerman
said.
Mr. Vannucci joined the Riviera Management team in July of 1993 as Vice
President of Marketing and Entertainment and was elected Executive Vice
President in 1998. Prior to his employment by the Riviera, Mr. Vannucci held
Marketing and Management positions with several other gaming companies,
including the Sands, Fitzgerald's, Dunes, Aladdin, and Reno Ramada.
Safe Harbor Statement:
The forward-looking statements included in this news release, which reflect
management's best judgment based on factors currently known, involve risks and
uncertainties including expansion timetables, hotel and casino market conditions
and other risks detailed from time to time in the Company's SEC reports,
including the Report on Form 10-K for December 31, 1999. Actual results may
differ.
About Riviera Holdings:
Riviera Holdings Corporation owns and operates the Riviera Hotel and Casino on
the Las Vegas Strip and the Riviera Black Hawk Casino in Black Hawk, Colorado.
Riviera is traded on the American Stock Exchange under the symbol RIV.
