Riviera Holdings shareholder buys more than 500,000 shares, reports 14.99% stake

By Lisa Kerner

Charlotte, N.C., Feb. 12 - Plainfield Special Situations Master Fund Ltd. bought 519,770 shares of Riviera Holdings Corp. on Feb. 10 for $3.15 per share, or a total of $1.64 million, according to a schedule 13D/A filed with the Securities and Exchange Commission.

The investor beneficially owns 1,874,783 shares, or 14.99%, of the Las Vegas-based company.

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

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