RIVIERA BUYS BACK 6% OF COMMON STOCK

July 11, 2001 7:59 PM
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Riviera Holdings Corp. reported buying back from unsolicited offers 233,000 shares of its common stock at an average price of $6.29 per share.

Riviera, which operates the Riviera Hotel in Las Vegas and Black Hawk casino in Colorado, now has 3.5 million shares outstanding.

About 88,000 of the shares purchased were allocated to a deferred compensation plan for executives. The company said it would not bid for its stock in the open market.