UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 3)*

                             Riviera Holdings Corp.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, $.001 per share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    769627100
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 Andrew J. Perel
                        Cadwalader, Wickersham & Taft LLP
                           One World Financial Center
                            New York, New York 10281
                                 (212) 504-6656
--------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                  April 5, 2006
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

      If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box |_|.

      Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.

      *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

      The Information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).



CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Flag Luxury Riv, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 200,000
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      0
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                0
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Flag Luxury Properties, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        MJX Flag Associates, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Flag Leisure Group, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Sillerman Real Estate Ventures, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Robert Sillerman
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        OO
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          IN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Paul Kanavos
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        OO
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          IN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        RH1, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        ONIROT Living Trust Dated 6/20/2000
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        OO
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Brett Torino
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      200,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                200,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          200,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          1.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          IN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Rivacq LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 300,000
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      0
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                0
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        SOF U.S. Hotel Co-Invest Holdings, L.L.C.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        SOF-VII U.S. Hotel Holdings, L.L.C.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        I-1/I-2 U.S. Holdings, L.L.C.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Starwood Global Opportunity Fund VII-A, L.P.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          PN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Starwood Global Opportunity Fund VII-B, L.P.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          PN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Starwood US Opportunity Fund VII-D, L.P.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          PN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Starwood US Opportunity Fund VII-D-2, L.P.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          PN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Starwood Capital Hospitality Fund I-1, L.P.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          PN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Starwood Capital Hospitality Fund I-2, L.P.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          PN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        SOF-VII Management, L.L.C.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        SCG Hotel Management, L.L.C.
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Starwood Capital Group Global, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Connecticut
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Barry S. Sternlicht
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        OO
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 123,200
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                123,200
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          423,200
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          3.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          IN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        High Desert Gaming, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 300,000
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      0
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                0
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        LAMB Partners
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        WC
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Illinois
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 300,000
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      0
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                0
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        LAMB, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 300,000
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      0
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                0
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        ISLE Investors, LLC
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        AF
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 75,300
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      0
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                75,300
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                0
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          75,300
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          0.6%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          OO
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Greg Carlin
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        OO
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      375,300
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                375,300
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          375,300
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          3.0%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          IN
--------------------------------------------------------------------------------


CUSIP NO. 769627100
1       NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Neil Bluhm
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP           (a)|_|
                                                                   (b)|X|

--------------------------------------------------------------------------------
3       SEC USE ONLY

--------------------------------------------------------------------------------
4       SOURCE OF FUNDS

        OO
--------------------------------------------------------------------------------
5       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
        2(d) or 2(e)                                         |_|

--------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------
                        7       SOLE VOTING POWER

      NUMBER OF                 0
      SHARES                    ------------------------------------------------
      BENEFICIALLY      8       SHARED VOTING POWER
      OWNED BY
      EACH                      300,000
      REPORTING                 ------------------------------------------------
      PERSON            9       SOLE DISPOSITIVE POWER

                                0
                                ------------------------------------------------
                        10      SHARED DISPOSITIVE POWER

                                300,000
                                ------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          300,000
--------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
          |_|

--------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          2.4%
--------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (See Instructions)

          IN
--------------------------------------------------------------------------------

      This Amendment No. 3 amends and supplements the statement on Schedule 13D
(the "Statement") originally filed with the Securities and Exchange Commission
on December 28, 2005, and amended by Amendment No. 1 on March 3, 2006, and
Amendment No. 2 on March 23, 2006, by Flag Luxury Riv, LLC; Flag Luxury
Properties, LLC; MJX Flag Associates, LLC; Flag Leisure Group, LLC; Sillerman
Real Estate Ventures, LLC; Robert Sillerman; Paul Kanavos; Brett Torino; Rivacq
LLC; SOF U.S. Hotel Co-Invest Holdings, L.L.C.; SOF-VII US Hotel Holdings,
L.L.C.; I-1/I-2 U.S. Holdings, L.L.C.; Starwood Global Opportunity Fund VII-A,
L.P.; Starwood Global Opportunity Fund VII-B, L.P.; Starwood U.S. Opportunity
Fund VII-D, L.P.; Starwood U.S. Opportunity Fund VII-D-2, L.P.; Starwood Capital
Hospitality Fund I-1, L.P.; Starwood Capital Hospitality Fund I-2, L.P.; SOF-VII
Management, L.L.C.; SCG Hotel Management, L.L.C.; Starwood Capital Group Global,
LLC; Barry S. Sternlicht; High Desert Gaming, LLC; LAMB Partners; LAMB, LLC;
ISLE Investors, LLC; Greg Carlin; and Neil Bluhm, with respect to the common
stock, par value $0.001 per share, of Riviera Holdings Corp., a Nevada
corporation. This Amendment No. 3 is also being filed by RH1, LLC ("RH1") and
ONIROT Living Trust dated 6/20/2000 ("ONIROT"). Unless otherwise indicated, each
capitalized term used but not defined herein shall have the meaning assigned to
such term in the Statement. From and after the date hereof, all references in
the Statement to the Statement or terms of similar import shall be deemed to
refer to the Statement as amended and supplemented hereby.

      On April 5, 2006, FLR, FLP, MJX, FLG, SREV, Robert Sillerman, Paul
Kanavos, RH1, ONIROT, Brett Torino, Rivacq, SOF Co-Invest, SOF VII, Hotel Fund,
Opportunity Fund VII-A, Opportunity Fund VII-B, Opportunity Fund VII-D,
Opportunity Fund VII D-2, Hospitality Fund I-1, Hospitality I-2, SOF VII
Management, Hotel Management, SCGG, Barry S. Sternlicht, HDG, LAMB Partners,
LAMB, LLC, ISLE, Greg Carlin and Neil Bluhm entered into an agreement amending
and restating the Joint Filing Agreement dated as of December 27, 2005 (the
"Amended and Restated Joint Filing Agreement") to, among other things, include
RH1 and ONIROT as joint filers. The foregoing and subsequent references to, and
descriptions of, the Amended and Restated Joint Filing Agreement are qualified
in their entirety by reference to the Amended and Restated Joint Filing
Agreement, the terms of which are incorporated herein by reference to Exhibit
10.4 hereto.

      Neither the fact of this filing nor anything contained herein shall be
deemed an admission by the Reporting Persons that they constitute a "group" as
such term is used in Section 13(d)(1)(k) of the rules and regulations under the
Securities Exchange Act of 1934, as amended.


ITEM 1. SECURITY AND ISSUER

      Response unchanged.

ITEM 2.  IDENTITY AND BACKGROUND

      Item 2 is hereby supplemented as follows:

      FLR is a limited liability company formed under the laws of Delaware with
its business address at 650 Madison Avenue, New York, NY 10022. FLR's principal
business is the holding of Common Stock.

      RH1 is a limited-liability company formed under the laws of Nevada with
its business address at 4445 Wagon Trail Ave, Las Vegas, NV 89118. RH1's
principal business is the holding of Common Stock.

      ONIROT is a living trust formed under the laws of Nevada for the sole
benefit of Brett Torino. ONIROT is the sole member of RH1, and its business
address is 4445 Wagon Trail Ave, Las Vegas, NV 89118.





      Brett Torino is the sole Trustee of ONIROT. Mr. Torino is a citizen of the
United States. Mr. Torino's business address is 4445 Wagon Trail Ave, Las Vegas,
NV 89118 and his present principal occupation is that of real estate
professional.

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

      Response unchanged.

ITEM 4. PURPOSE OF TRANSACTION

      Item 4 is hereby supplemented as follows:

      On April 5, 2006, FLR, RH1, Rivacq, and HDG entered into an agreement
amending and restating their Joint Bidding Agreement dated as of December 22,
2005 (the "Amended and Restated Joint Bidding Agreement") to add RH1 as a party
to the agreement and to provide for the potential exit of one of the parties
from the bidding group in the event that a problem should arise in connection
with such party obtaining the approval of the gaming authorities required for
consummation of the Merger (as defined below). The foregoing and subsequent
references to, and descriptions of, the Amended and Restated Joint Bidding
Agreement are qualified in their entirety by reference to the Amended and
Restated Joint Bidding Agreement, the terms of which are incorporated herein by
reference to Exhibit 10.5 hereto.

      On April 5, 2006, Riv Acquisition Holdings Inc. ("Parent") and Parent's
wholly owned subsidiary, Riv Acquisition Inc. ("Merger Sub") entered into an
Agreement and Plan of Merger (the "Merger Agreement") with the Company. The
outstanding stock of Parent is owned as follows: FLR owns 20% of Parent's stock;
RH1 owns 20% of Parent's stock; Rivacq owns 30% of Parent's stock; and HDG owns
30% of Parent's stock. A copy of the Merger Agreement is attached as Exhibit
10.6 hereto and incorporated herein by reference.

      Pursuant to the Merger Agreement, Merger Sub will merge with and into the
Company (the "Merger"), with the Company continuing as the surviving
corporation. At the effective time of the Merger, each share of Common Stock
issued and outstanding, and not held in treasury of the Company or owned by the
Company, a subsidiary of the Company, Parent or Merger Sub, immediately prior to
the consummation of the Merger will be converted into the right to receive
$17.00 in cash. All other Common Stock will be cancelled.

      Contemporaneously with the execution of the Merger Agreement, Parent has
agreed to deposit $15,000,000 into escrow (the "Deposit").

      The Merger Agreement contains certain standard representations and
warranties made by the Company concerning (i) its organization , standing and
power; (ii) capitalization; (iii) authority, execution and delivery and
enforceability; (iv) consents and absence of conflicts of legal authority; (v)
Securities and Exchange Commission filings and undisclosed liabilities; (vi)
information to be supplied for inclusion in its proxy statement; (vii) absence
of certain changes or events, (viii) taxes, (ix) absence of changes in benefit
plans, (x) employee benefit plans, (xi) litigation, (xii) compliance with
applicable laws, (xiii) environmental matters, (xiv) material contracts, (xv)
properties, (xvi) intellectual property, (xvii) labor matters, (xviii) brokers,
fees and expenses, (xix) insurance, (xx) the Worker Adjustment and Retraining
Notification Act, (xxi) bank accounts, (xxii) the opinion of the Company's
financial advisor, and (xxiii) compliance with gaming laws.

      The Merger Agreement contains certain standard representations and
warranties made by the Parent and Merger Sub concerning (i) organization,
standing and power, (ii) authority, execution and delivery and enforceability.
(iii) consents and absence of conflicts of legal authority, (iv) adequate funds,
(v) gaming approvals, (vi) litigation, (vi) brokers, (vii) information to be
supplied for inclusion in the




Company's proxy statement, (viii) Parent and Merger Sub's ownership structure
and (ix) Parent and Merger Sub's status as stockholders of the Company under the
Company's organizational documents and Nevada law.

      Pursuant to the Merger Agreement, the Company has agreed to, among other
actions, cooperate with the Parent and Merger Sub and take all actions necessary
to delist the Common Stock from the American Stock Exchange and terminate the
registration of the Common Stock under the Exchange Act, if requested by Parent.

      Pursuant to the Merger Agreement, the Company has agreed to certain
standard covenants concerning the operation of the business of the Company prior
to closing. The Company also has agreed not to solicit the submission of, enter
into, or participate in discussions regarding an alternative proposal to
takeover the Company. The Company has agreed to hold a meeting of the Company's
stockholders (the "Stockholders") for the purpose of seeking the approval of the
Merger by the Stockholders and solicit the Stockholders for such approval.

      Pursuant to the Merger Agreement, Parent and Merger Sub have agreed to
purchase a directors' and officers' liability insurance policy having a six-year
term commencing on the date of consummation of the Merger. Parent and Merger Sub
have agreed to pay the severance pay, salary continuation entitlements and other
compensation and entitlements due under any existing contracts with, or plans
for the benefit of, officers required by Parent or Merger Sub to resign
immediately prior to the Merger, as if such officers were terminated without
cause immediately after the consummation of the Merger. Parent and Merger Sub
have agreed to either (i) acquire a majority of the outstanding 11% Senior Notes
of the Company (the "Senior Notes") and grant necessary consents of the holders
of the Senior Notes to allow for the consummation of the Merger or (ii) deposit
funds necessary to redeem the Senior Notes with the Trustee under the Indenture
governing the terms of the Senior Notes in order to redeem the Senior Notes
prior the Merger. Parent and Merger Sub have agreed to file all required
applications that Parent, Merger Sub, and any controlling party of Parent and
Merger Sub are required to submit with all gaming authorities whose approvals
are necessary or appropriate to consummate the Merger. Parent and Merger Sub
have agreed to cooperate with all such gaming authorities, and withdraw the
application of any controlling party if it appears reasonably likely that the
application of such controlling party will not be approved or will delay the
issuance of gaming approvals.

      Consummation of the Merger is subject to certain conditions precedent,
including (i) approval and adoption of the Merger Agreement by the Stockholders,
(ii) compliance with the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
(iii) absence of injunctions or other restraints precluding the Merger, (iv)
accuracy of the Company's representations and warranties, (v) performance in all
material respects by the Company of all obligations required to be performed by
it under the Merger Agreement, (vi) absence of pending or threatened litigation
having a reasonable likelihood of materially interfering with the Merger, (vii)
absence of a material adverse effect on the Company, (viii) obtaining all
approvals of governmental authorities required to consummate the merger,
including approvals of gaming authorities and (ix) termination of the Company's
revolving credit facility.

      Either Parent, Merger Sub or the Company may terminate the Merger
Agreement prior to consummation of the Merger if (i) any governmental entity
takes any final, unappealable action precluding the Merger, (ii) the approval of
the Stockholders is not obtained at a meeting of the Stockholders held for such
purpose or (iii) the closing of the Merger does not take place within the latter
of (A) 12 months from the date of the Merger Agreement and (B) 8 months after
the date on which the stockholders voted on approval of the Merger Agreement
(such later date being the "Outside Date"). Notwithstanding the foregoing, the
Outside Date may be extended by 3 months if, as of the Outside Date, Parent and
Merger Sub are still awaiting, and have a reasonable expectation of obtaining,
the gaming approvals required for the consummation of the Merger. If Parent and
Merger Sub wish to extend the




Outside Date, they are required to increase the amount of the Deposit by
$3,000,000 and deliver to the Company a financing commitment from a reputable
financial institution.

      Parent or Merger Sub may terminate the Merger Agreement prior to the
consummation of the Merger if (i) the Board withdraws, or adversely modifies,
its recommendation for approval of the Merger or approves or enters into an
alternative proposal regarding a takeover of the Company, (ii) a tender or
exchange offer relating to securities of the Company is commenced and the Board
does not recommend that the Stockholders reject such tender or exchange offer
within ten business days after the commencement thereof, (iii) the Board waives
applicable Nevada Law regarding business combinations with interested
stockholders and acquisitions of controlling interests, with respect to any
person other than Parent, Merger Sub, or their affiliates or any group of which
any of them is a member, (iv) the Company breaches its covenant not to solicit
an alternative proposal regarding a takeover of the Company, and (v) the Company
breaches or fails to perform in any material respect any of its representations,
warranties or covenants contained in the Merger Agreement that would give rise
to a breach of a closing condition and cannot be cured within 30 days after
receipt of written notice regarding such breach.

      If the Merger Agreement is terminated by the Parent or Merger Sub due to
the Company's breach or failure to perform in any material respect any of its
representations, warranties or covenants contained in the Merger Agreement that
would give rise to a breach of a closing condition and cannot be cured within 30
days after receipt of written notice regarding such breach, then the Company
agrees to pay a termination fee to Parent equal to Parent's and Merger Sub's
out-of-pocket expenses in connection with the Merger, subject to a maximum of
$2,000,000.

      The Company has agreed to pay to Parent a fee equal to 3.75% of the
aggregate consideration payable to Stockholders in the Merger (the "Topping
Fee") and return the Deposit to Parent if the Merger Agreement is terminated
because the (i) the Company approves an alternative proposal regarding a
takeover of the Company, (ii) the Board withdraws or modifies in a manner
adverse to Parent or Merger Sub its recommendation of the Merger, or enters into
an agreement with respect to an alternative proposal regarding a takeover of the
Company, (iii) a tender or exchange offer relating to securities of the Company
is commenced and the Board does not recommend that the Stockholders reject such
tender or exchange offer within ten business days after the commencement
thereof, (iv) the Board waives applicable Nevada Law regarding business
combinations with interested stockholders and acquisitions of controlling
interests with respect to any person other than Parent, Merger Sub, or their
affiliates or any group of which any of them is a member, or (v) the Company
breaches its covenant not to solicit an alternative proposal regarding a
takeover of the Company.

      The Company also has agreed to pay to Parent the Topping Fee and return
the Deposit to Parent if the Merger Agreement has been terminated by Parent and
Merger Sub because the Merger has not closed by the Outside Date, approval of
the Stockholders has not been obtained by such date and prior to such
termination there has been a public announcement of an alternate proposal
regarding a takeover of the Company, which has not been withdrawn prior to such
termination, and the Company, or a subsidiary of the Company, enters into a
definitive agreement regarding a takeover of the Company within 12 months of
such termination.

      The Deposit will be delivered to the Company in the event that the Merger
Agreement is terminated because Parent or Merger Sub (i) breaches or fails to
perform in any material respect any of its representations, warranties or
covenants contained in the Merger Agreement that would give rise to a breach of
a closing condition and cannot be cured within 30 days after receipt of written
notice regarding such breach or (ii) fails to obtain financing or the approval
of the gaming authorities required for the consummation of the Merger.





      The foregoing and subsequent references to, and descriptions of, the
Merger Agreement are qualified in their entirety by reference to the Merger
Agreement, the terms of which are incorporated herein by reference to Exhibit
10.6 hereto.

ITEM 5. INTEREST IN SECURITIES OF THE COMPANY

      Item 5 is hereby supplemented as follows:

      FLR is in the process of transferring to RH1 the 200,000 shares of Common
Stock that FLR previously held for the benefit of Brett Torino. Upon completion
of such transfer, FLR will be the beneficial owner of 200,000 shares of Common
Stock, which represent approximately 1.6% of the outstanding shares of Common
Stock as of March 1, 2006. RH1 is the beneficial owner of 200,000 shares of
Common Stock, which represent approximately 1.6% of the outstanding shares of
Common Stock as of March 1, 2006. ONIROT, as the sole member of RH1, may also be
deemed to have beneficial ownership of the foregoing shares of Common Stock.
Brett Torino, as the sole Trustee of ONIROT, may also be deemed to have
beneficial ownership of the foregoing shares of Common Stock.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE COMPANY.

      Item 6 is hereby supplemented as follows:

      4. On April 5, 2006, FLR, FLP, MJX, FLG, SREV, Robert Sillerman, Paul
Kanavos, RH1, ONIROT, Brett Torino, Rivacq, SOF Co-Invest, SOF VII, Hotel Fund,
Opportunity Fund VII-A, Opportunity Fund VII-B, Opportunity Fund VII-D,
Opportunity Fund VII D-2, Hospitality Fund I-1, Hospitality I-2, SOF VII
Management, Hotel Management, SCGG, Barry S. Sternlicht, HDG, LAMB Partners,
LAMB, LLC, ISLE, Greg Carlin and Neil Bluhm entered into the Amended and
Restated Joint Filing Agreement. A copy of the Amended and Restated Joint Filing
Agreement is filed herewith as Exhibit 10.4 and incorporated herein by
reference.

      5. On April 5, 2006, FLR, RH1, Rivacq and HDG entered into the Amended and
Restated Joint Bidding Agreement. A copy of the Amended Joint Bidding Agreement
is filed herewith as Exhibit 10.5 and incorporated herein by reference.

      6. On April 5, 2006, Parent and Merger Sub entered into the Merger
Agreement with the Company. A copy of the Merger Agreement is filed herewith as
Exhibit 10.6 and incorporated herein by reference.


ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

      Item 7 is hereby supplemented as follows:

      10.4  Amended and Restated Joint Filing Agreement dated April 5, 2006,
            among Flag Luxury Riv, LLC; Flag Luxury Properties, LLC; MJX Flag
            Associates, LLC; Flag Leisure Group, LLC; Sillerman Real Estate
            Ventures, LLC; Robert Sillerman; Paul Kanavos; RH1, LLC, ONIROT
            Living Trust dated 06/20/2000, Brett Torino; Rivacq LLC; SOF U.S.
            Hotel Co-Invest Holdings, L.L.C.; SOF-VII US Hotel Holdings, L.L.C.;
            I-1/I-2 U.S. Holdings, L.L.C.; Starwood Global Opportunity Fund
            VII-A, L.P.; Starwood Global Opportunity Fund VII-B, L.P.; Starwood
            U.S. Opportunity Fund VII-D, L.P.; Starwood U.S. Opportunity Fund
            VII-D-2, L.P.; Starwood Capital Hospitality Fund I-1, L.P.; Starwood
            Capital Hospitality Fund I-2, L.P.; SOF-VII Management, L.L.C.; SCG
            Hotel Management, L.L.C.; Starwood Capital Group Global, LLC; Barry
            S. Sternlicht; High




            Desert Gaming, LLC; LAMB Partners; LAMB, LLC; ISLE Investors, LLC;
            Greg Carlin; and Neil Bluhm.

      10.5  Amended and Restated Joint Bidding Agreement, dated as of April 5,
            2006, among Flag Luxury Riv, LLC, RH1, LLC, Rivacq LLC and High
            Desert Gaming, LLC.

      10.6  Agreement and Plan of Merger, dated as of April 5, 2006, among Riv
            Acquisition Holdings Inc., Riv Acquisition Inc. and Riviera Holdings
            Corporation.



                                    SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                    Flag Luxury Riv, LLC

                                    By:   /s/  Paul Kanavos
                                          ------------------------------
                                    Name: Paul Kanavos
                                    Title: President


                                    Flag Luxury Properties, LLC

                                    By:   /s/  Paul Kanavos
                                          ------------------------------
                                    Name: Paul Kanavos
                                    Title: President


                                    MJX Flag Associates, LLC

                                    By:   /s/  Robert Sillerman
                                          ------------------------------
                                    Name: Member
                                    Title: Robert Sillerman


                                    Flag Leisure Group, LLC

                                    By:   /s/  Paul Kanavos
                                          ------------------------------
                                    Name: Paul Kanavos
                                    Title: President


                                    Sillerman Real Estate Ventures, LLC

                                    By:   /s/  Robert Sillerman
                                          ------------------------------
                                    Name: Robert Sillerman
                                    Title: Member


                                    Robert Sillerman

                                    /s/  Robert Sillerman
                                    ------------------------------


                                    Paul Kanavos

                                    /s/  Paul Kanavos
                                    ------------------------------


                                    RH1, LLC





                                    By: ONIROT Living Trust dated
                                       06/20/2000
                                       Its sole member

                                       By: /s/ Brett Torino
                                          ------------------------
                                       Name: Brett Torino
                                       Title: Trustee


                                    ONIROT Living Trust dated 06/20/2000

                                    By: /s/ Brett Torino
                                       ---------------------------
                                    Name: Brett Torino
                                    Title: Trustee


                                    Brett Torino

                                    /s/  Brett Torino
                                    ------------------------


                                   Rivacq LLC

                                    By: SOF U.S. Hotel Co-Invest Holdings,
                                        L.L.C.
                                        ----------------------------------

                                       By: SOF-VII U.S. Hotel Holdings,
                                           L.L.C.
                                           -----------------------------

                                          By:   /s/  Barry S. Sternlicht
                                            ------------------------------------
                                          Name: Barry S. Sternlicht
                                          Title: Chief Executive Officer


                                       By: I-1/I-2 U.S. Holdings, L.L.C.
                                           -----------------------------------





                                          By:   /s/  Barry S. Sternlicht
                                            ------------------------------------
                                          Name: Barry S. Sternlicht
                                          Title: Chief Executive Officer


                                    SOF U.S. Hotel Co-Invest Holdings, L.L.C.

                                    By: SOF-VII U.S. Hotel Holdings,
                                        L.L.C.
                                        --------------------------------

                                       By:   /s/  Barry S. Sternlicht
                                          ---------------------------------
                                       Name: Barry S. Sternlicht
                                       Title: Chief Executive Officer


                                    By: I-1/I-2 U.S. Holdings, L.L.C.
                                        --------------------------------

                                       By:   /s/  Barry S. Sternlicht
                                             ---------------------------------
                                       Name: Barry S. Sternlicht
                                       Title: Chief Executive Officer


                                    SOF-VII U.S. Hotel Holdings, L.L.C.

                                    By:   /s/  Barry S. Sternlicht
                                          ------------------------------------
                                    Name: Barry S. Sternlicht
                                    Title: Chief Executive Officer


                                    I-1/I-2 U.S. Holdings, L.L.C.

                                    By:   /s/  Barry S. Sternlicht
                                          ------------------------------------
                                    Name: Barry S. Sternlicht
                                    Title: Chief Executive Officer


                                    Starwood Global Opportunity Fund VII-A,
                                      L.P.

                                    By:   SOF-VII Management, L.L.C.
                                        Its general partner

                                        By: Starwood Capital Group Global,
                                        L.L.C.
                                        --------------------------------
                                        Its General manager

                                         By: /s/  Barry S. Sternlicht
                                            ------------------------------
                                          Name: Barry S. Sternlicht
                                          Title: Chief Executive Officer


                                    Starwood Global Opportunity Fund VII-B,
                                      L.P.

                                    By:   SOF-VII Management, L.L.C.
                                        --------------------------------
                                        Its general partner

                                        By: Starwood Capital Group Global,
                                        L.L.C.
                                        --------------------------------
                                        Its General manager





                                      By: /s/  Barry S. Sternlicht
                                         ---------------------------------------
                                      Name: Barry S. Sternlicht
                                      Title: Chief Executive Officer


                                    Starwood U.S. Opportunity Fund VII-D, L.P.

                                    By:   SOF-VII Management, L.L.C.
                                        Its general partner

                                    By: Starwood Capital Group Global, L.L.C.
                                        ------------------------------------
                                        Its General manager

                                    By: /s/  Barry S. Sternlicht
                                       ----------------------------------------
                                    Name: Barry S. Sternlicht
                                    Title: Chief Executive Officer


                                    Starwood U.S. Opportunity Fund VII-D-2,
                                    L.P.

                                    By:   SOF-VII Management, L.L.C.
                                        ------------------------------------
                                        Its general partner

                                    By: Starwood Capital Group Global, L.L.C.
                                        ------------------------------------
                                        Its General manager

                                     By: /s/  Barry S. Sternlicht
                                        ----------------------------------------
                                     Name: Barry S. Sternlicht
                                     Title: Chief Executive Officer


                                    Starwood Capital Hospitality Fund I-1, L.P.

                                    By:   SCG Hotel Management, L.L.C.
                                        ------------------------------------
                                        Its general partner

                                       By: Starwood Capital Group Global, L.L.C.
                                        ------------------------------------
                                       Its General manager

                                    By: /s/  Barry S. Sternlicht
                                       ----------------------------------------
                                     Name: Barry S. Sternlicht
                                     Title: Chief Executive Officer


                                    Starwood Capital Hospitality Fund I-2, L.P.

                                    By:   SCG Hotel Management, L.L.C.
                                        ------------------------------------
                                          Its general partner

                                     By: Starwood Capital Group Global, L.L.C.
                                    ------------------------------------
                                    Its General manager

                                     By: /s/  Barry S. Sternlicht
                                        ----------------------------------------
                                     Name: Barry S. Sternlicht
                                     Title: Chief Executive Officer


                                    SOF-VII Management, L.L.C.

                                    By: Starwood Capital Group Global, L.L.C.
                                        ------------------------------------
                                        Its General manager

                                    By: /s/  Barry S. Sternlicht
                                       -----------------------------------------
                                    Name: Barry S. Sternlicht
                                    Title: Chief Executive Officer





                                    SCG Hotel Management, L.L.C.

                                    By: Starwood Capital Group Global, L.L.C.
                                        ------------------------------------
                                        Its General manager

                                    By: /s/  Barry S. Sternlicht
                                       -----------------------------------------
                                    Name: Barry S. Sternlicht
                                    Title: Chief Executive Officer


                                    Starwood Capital Group Global, LLC

                                    By:   /s/  Barry S. Sternlicht
                                       -----------------------------------------
                                    Name: Barry S. Sternlicht
                                    Title: Chief Executive Officer


                                    Barry S. Sternlicht

                                    /s/  Barry S. Sternlicht
                                    ------------------------------------------


                                    High Desert Gaming, LLC

                                    By:   /s/  Greg Carlin
                                          ------------------------------
                                    Name: Greg Carlin
                                    Title: Manager


                                    LAMB Partners

                                    By:   LAMB, LLC
                                          ------------------------
                                          Its managing partner

                                        By:   /s/  Neil Bluhm
                                              --------------------------
                                        Name: Neil Bluhm
                                        Title: Managing Member

                                    LAMB, LLC

                                    By:   /s/  Neil Bluhm
                                          ------------------------------
                                    Name: Neil Bluhm
                                    Title: Managing Member


                                    ISLE Investors, LLC

                                    By:   /s/  Greg Carlin
                                          ------------------------------
                                    Name: Greg Carlin
                                    Title: Manager





                                   Greg Carlin

                                    /s/  Greg Carlin
                                    ---------------------------


                                   Neil Bluhm

                                    /s/  Neil Bluhm
                                    ---------------------------


Dated: April 5, 2006