Earnings Call Excerpt
Riviera Holdings Corporation. (RIV)
Q4 2007 Earnings Call
March 7, 2008 2:00 pm ET
Executives
Bill Westerman - Chairman and CEO
Mark Lefever - Chief Financial Officer and President of Riviera Black Hawk
Bob Vannucci - Chief Operating Officer of Riviera Las Vegas
Analysts
Bill Garrison - Ironworks Capital
Jane Pedreira - Lehman Brothers
Louis Sarkes - Chesapeake Partners
Dennis Farrell - Wachovia
Scott Van der Bosch - Navigare Partners
Presentation
Operator
Welcome to the fourth quarter 2007 Riviera Holdings Corporation earnings conference call.
Today we have Mr. Bill Westerman, Chairman and CEO, Mr. Mark Lefever, the Company’s Chief Financial Officer and President of Riviera Black Hawk and Mr. Bob Vannucci, Chief Operating Officer of Riviera Las Vegas. Once the Company has made its comments we will open up the call for questions.
Information that Riviera Holdings Corporation presents on this call may contain forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933 as amended in section 21E of the Securities Exchange Act of 1934 as amended. Forward-looking statements include the words may, aim, foresee, potential, should, would, could, likely, estimate, intend, plan, continue, believe, expect, projections, or anticipate and similar words and they include all discussions about Riviera’s ongoing or future plans, objectives or expectations.
Risks and uncertainties that could cause actual results to differ materially from the results anticipated in these forward-looking statements include among other factors, uncertain hotel and casino market conditions, financing requirements, interest rates, proposals for the acquisition of Riviera, increases in energy cost, economic and political instability, disruptions affecting expansion and modernization, objectives and timetables, owners regulatory requirements, fiscally burdensome planned or unplanned Capital Expenditures and other risk and uncertainties detailed from time to time in Riviera’s filings with the Securities and Exchange Commission.
Forward-looking statements involve significant known and unknown risks, uncertainties and other factors that cause Riviera’s actual results, performance or achievements to differ materially from anticipated results, performance or achievements expressed or implied by the forward-looking statements. Riviera does not intend to update its forward-looking statements even though Riviera’s situation or plans may change in the future unless applicable law requires it to do so.
Mr. Westerman, please go ahead sir.
Bill Westerman
Thank you operator and thank you everyone for joining us for Riviera Holdings Corporation’s fourth quarter 2007 earnings call.
With me are Bob Vannucci and Mark Lefever. After I discuss the general overview of Riviera Holdings Corporation, Mark will review the consolidated financials, Bob will discuss the Las Vegas operations and Mark will discuss Black Hawk operations. Then I will make some closing remarks and entertain questions.
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