I’ve got a new piece up on Two Way Hard Three, about the Riviera’s recently-released annual report and what it says about the North Strip:
Riviera Holdings Corp, the company that owns the bankrupt Riviera casino hotel on the Las Vegas Strip, recently released its annual report. The company had a rough year, and a look at the financial reports from the last few years sheds some light on why the casino’s in such trouble, and why the Sahara is closing.
The trend you’ll see in the chart I put together is certainly a disturbing one.
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