Riviera Black Hawk to Repurchase Notes

Press Release: Riviera Black Hawk, Inc.
August 23, 2000
BLACK HAWK, CO -- Riviera Black Hawk Inc., (Amex: RIV) a wholly-owned indirect subsidiary of Riviera Holdings Corporation of Las Vegas, Nevada, announced that it intends to repurchase a portion of its 13% First Mortgage Notes in the open market or in negotiated transactions. The repurchases may be suspended or discontinued at any time and will be discontinued when Riviera Black Hawk fulfills its objective of reducing the $45 million of Notes presently outstanding by approximately 20%. For further information, contact Duane Krohn, the Chief Financial Officer, at 702-794-9527.

About Riviera Black Hawk

Riviera Black Hawk, Inc. owns and operates the Riviera Black Hawk Casino in Black Hawk, Colorado. Riviera Black Hawk, Inc. is a wholly-owned indirect subsidiary of Riviera Holdings Corporation. Riviera Holdings Corporation is traded on the American Stock Exchange under the symbol RIV.

SOURCE: Riviera Black Hawk, Inc.