Las Vegas Loses the Riviera Hotel and Casino

After more than 60 years as a landmark destination on the iconic Las Vegas Strip, the Riviera Hotel and Casino closed its doors on May 4, 2015. The Riviera is perhaps best remembered as a place where legendary entertainers like Frank Sinatra, Dean Martin, and Liberace once played. The combination hotel and casino originally opened its doors on April 20, 1955.

The Riviera Hotel and Casino closed down after 60 years.

Remembering the Riviera Casino

The hotel, which maintained over 2,000 rooms and occupied over 26 acres in downtown Las Vegas, was also an extremely popular destination for Australian, European, and Chinese gambling enthusiasts alike. Unfortunately, this amazing casino was purchased in February by the Las Vegas Convention and Visitors Authority, a publicly funded organization that is actively working to modernize many historical locations on the Las Vegas Strip.

The organization purchased the Riviera Hotel and Casino for $182.5 million dollars. The Las Vegas Convention and Visitors Authority have already spent more than $2.3 billion in an attempt to create a new neighborhood called the Las Vegas Global Business District.

The Las Vegas Global Business District is being built to cater to the well-heeled Asian, European, and Australian gamblers who visit Las Vegas regularly. Developers also believe that modernizing the strip could help attract China’s growing middle class to the city for gambling and vacation opportunities, too.

 

More about the Las Vegas Global Business District

One of the most ambitious projects included in the Las Vegas Global Business District is expanding the Las Vegas Convention Center. Experts suggest that expanding this convention building could attract upwards of 480,000 additional visitors on an annual basis.

In addition to this, spokespeople with the Las Vegas Convention and Visitors Authority predict that the new-and-improved convention center could bring in 20 new trade conventions every year.