Riviera holdings have been delisted from the New York Stock Exchange, with no more common shares to be traded. This signals a continual trend of casinos struggling to maintain cash flow and compliance with the ongoing recession. Their inability to be compliant meant that their stock had to be delisted. With the company having cited to have substantial losses and no financial ability to continue to maintain operations, the NYSE had to really pull the pin on them.
Riviera Holding is just one of many casinos that are experiencing tough times in these economic dire times. Both big and small casinos have had to shelve their expansion plans and formulate new strategies to deal with their creditors. Trump Entertainment was delisted from the NYSE months ago. MGM Grand, Wynn Resorts, and Las Vegas Sands have all had to restructure their debt and made other difficult decisions in order to remain viable.