Should Derek Stevens Buy Out The Riviera?

The ground at the Northern end of the Strip is rumbling with the sounds of bums rushing in with money. The Nu-Sahara opens in three weeks, construction crews are poised to arrive at Resorts World any day now, MGM is renting out the old El Rancho parcel to host an occasional rock concert, the old Hilton is now in the taught grip of Westgate Resorts and Packer & Pascal are all in on a new frontier.

MGM's plans with Circus Circus are clear - squeeze every damn cent out before it makes sense to implode and rebuild. Carl Icahn's plans with Fontainebleau are the same as it was when he bought it from arrears - cold storage till he finds the right sucker to lick his price tag.

And then there is the Riviera.

Desert Rock Enterprises LLC, an investment corporation created by Derek and Greg Stevens holds 20% stake in the Riviera (as well as 65% of the Golden Gate and 100% of The D Las Vegas via sister corporation Desert Rock Enterprises II).

So the question for you is... Should Derek Stevens buy out the Riviera?

Full disclosure: is partnering with Derek Stevens and The D to produce the Vegas Internet Mafia Family Picnic in October 2014. We have not consulted with or contacted Derek or Desert Rock Enterprises about this poll.

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