Flag Luxury cuts stake in Riviera Holdings to less than 1%

By Lisa Kerner

Charlotte, N.C., Feb. 12 - A group of Riviera Holdings Corp. shareholders led by Flag Luxury Riv, LLC sold a total of 1,026,639 shares of the company's stock on Feb. 11 and Feb. 12 for $3.15 each.

Flag Luxury beneficially owns 115,588 shares, or 0.92%, of the company, according to a schedule 13D/A filed with the Securities and Exchange Commission.

Las Vegas-based Riviera Holdings owns and operates the Riviera Hotel and Casino in Las Vegas and the Riviera Black Hawk Casino in Black Hawk, Colo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.