Larry’s Las Vegas’ recent article about the Palms Owners having an intrest in buying the Riviera, seems to have been spot on. As of yesterday 5/10/07, the rumors of the of the buyout were at it’s peek. The Riviera Casino is in a war of litigation and media mud slinging with Riv Aqusition LLC. Riv Aqusition LLC is now trying to force the Riviera Casino’s mangement to sell them the property. The Palms Casino showing up in the midst of all this would bring a very different aspect to the situation. This would be the stuff Business sections AND Entertainment sections of all Media outlets would lead with.
Wonder what this would do to the stock price? Riviera was trading at $5 in 04, it closed Thursday 5/10/07 at $32.85
BETTER GET HERE QUICK TO WATCH THESE FIDUCIARY FIREWORKS
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