Read more<\/a>.<\/p>\nAn LVCVA board vote is the only remaining step before the sale happens. That’s a done deal on Feb. 20, 2015. The Riviera will officially change hands in late August.<\/p>\n
While bittersweet news, the sale and demolition of Riviera is a piece of a much bigger puzzle. According to the LVCVA, they’ve had to pass on about 20 annual trade shows (huge business drivers in Las Vegas) due to space and scheduling issues.<\/p>\n
The Riviera land is 26.4 acres, and a key part of bringing new trade and convention business to Las Vegas. Which, admittedly, is infinitely less fun than a casino, but when money flows in, new casinos get built, and others thrive. Just trust that Las Vegas knows what it’s doing, already.<\/p>\n
Today’s announcement made no mention about the future of Peppermill restaurant, which many of our readers seem more upset about than the closing of The Riv. The Peppermill has denied it’s going anywhere.<\/p>\n
Interesting times ahead, and the Las Vegas Strip just won’t be the same without The Riv.<\/p>\n
Update: On February 20, 2015, the board of the LVCVA approved the purchase of the Riviera. So, done deal.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"
As we first shared weeks ago, the impending sale of the Riviera Las Vegas has been confirmed. The Las Vegas Convention and Visitors Authority will buy Riviera for $182.5 million. The Riviera Las Vegas will close May 4, 2015. The Riviera will be demolished as part of an expansion of the Las Vegas Convention Center. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23,24,2],"tags":[],"class_list":["post-10520","post","type-post","status-publish","format-standard","hentry","category-vegas","category-las-vegas-casinos","category-lasvegashotels"],"acf":[],"yoast_head":"\n
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The Las Vegas Convention and Visitors Authority will pay $182.5 million and demolish the iconic casino.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/vitalvegas\/riviera-sale-demolition-details-confirmed-lvcva-pay-182-5-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Vital Vegas\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/VitalLasVegas\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-17T18:07:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-08-17T06:37:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/vitalvegas\/wp-content\/uploads\/2015\/02\/crazy_girls_statue1.jpg\" \/>\n<meta name=\"author\" content=\"Scott Roeben\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@vitalvegas\" \/>\n<meta name=\"twitter:site\" content=\"@vitalvegas\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Roeben\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Riviera Sale Confirmed: LVCVA to Pay $182.5 Million","description":"The Riviera sale has been confirmed. 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