Las vegas riviera demolition date
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Las Vegas Strip in Winchester, Nevada, which operated from April 1955 to May 2015. The hotel had more than 2,100 rooms, fewer than half of which were located in a 23-story tower. The casino was first proposed by Detroit mobster William Bischoff as the Casa Blanca, and received a gaming license in 1952. Bischoff later withdrew from the project, which was taken las vegas riviera demolition date by Miami businessman Samuel Cohen.
The Riviera opened on April 20, 1955 as the first high-rise at 9 stories, and the ninth resort on the Las Vegas Strip. Liberace cut the opening ribbon, and became the first resident performer. The Riviera became one of the oldest and most famous casino resorts in Las Vegas Valley. The opening of the Riviera, along with The Dunes and the Royal Nevada casino resorts within a month were the subject of a famous issue of Life magazine, on June 20, 1955 with a Moulin Rouge showgirl on its cover. The Riviera casino went bankrupt just three months after opening. A group of former Flamingo Hotel managers led by Gus Greenbaum took over operation of the property, leasing it from the ownership group.
Among Greenbaum’s staff was entertainment director William Nelson, who was soon discovered to be mob informer Willie Bioff, leading to his murder in November 1955. Greenbaum’s drug and gambling addictions led to his embezzling from the casino. In December 1958, Greenbaum and his wife were murdered in their Phoenix, Arizona home, reportedly on the orders of either Meyer Lansky or Tony Accardo. An 8 story expansion was made off the south side of the original 9 story tower in the early 1960s.
A 12 story tower was added off the south west side of the 8 story tower in 1966. Mob fixer Sidney Korshak played a major role in the property’s management. The Riviera was purchased in June 1968 by a group including bankers E. Parry Thomas and Jerome Mack, and investors tied to the Parvin-Dohrmann Corp. Boston-based travel company controlled by Meshulam Riklis and Isidore Becker.
The 17 story Monte Carlo Tower was constructed circa 1974. The tower was designed by Martin Stern Jr. The 6 story San Remo Tower was constructed in 1977 by the Del E. The Riviera filed for Chapter 11 bankruptcy protection in 1983.
Riklis pledged money to keep the business in operation, and appointed Jeffrey Silver as CEO to turn the Riviera around. The Riviera underwent an expansion from 1988 to 1990 this included the 24 story Monaco Tower also designed by Martin Stern Jr. The project went significantly over budget, leading the parent company to file again for Chapter 11 bankruptcy protection in 1991. On July 12, 2010, Riviera Holdings filed for Chapter 11 bankruptcy.
Its bankruptcy included a reorganization plan under which secured lenders, led by Starwood Capital Group, would receive new debt and stock. 225 million term loan, unpaid interest and amounts owing on a swap agreement. 8 million in the first quarter of 2010. The decline in popularity of the Riviera was caused in part by the decline of pedestrian foot traffic in the vicinity. The property was leased back to its existing operators, Paragon Gaming, who officially closed the establishment on Monday, May 4, 2015.
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