Riviera Holdings investor Desert Rock buys 1177,014 shares

By Lisa Kerner

Charlotte, N.C., Dec. 1 - Riviera Holdings Corp. investor Desert Rock Enterprises LLC bought 117,014 shares for $3.25 each for a total of $380,295.50 on Nov. 24, according to a schedule 13D/A filed with the Securities and Exchange Commission.

As previously reported, Riviera Holdings Corp. signed separate definitive agreements with Desert Rock and Plainfield Special Situations Master Fund Ltd. enabling the shareholders to increase their holdings to up to 15% of the company's outstanding common stock.

Desert Rock beneficially owns approximately 1.27 million shares, or 10.21%, of Riviera.

Riviera owns and operates the Riviera Hotel and Casino on the Las Vegas Strip and the Riviera Black Hawk Casino in Black Hawk, Colo.

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