SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Information to be included in statements filed pursuant to Rule 13d-1(a) and
amendments thereto filed pursuant to Rule 13d-2(a).
Riviera Holdings Corporation
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(Name of Issuer)
Common Stock, $.001 Par Value
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(Title of Class of Securities)
769627100
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(CUSIP Number)
Robert A. Weible, Esq.
Baker & Hostetler LLP
3200 National City Center
1900 East 9/th/ Street
Cleveland, Ohio 44114-3485
(216) 621-0200
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
April 4, 2002
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(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 Rule 13d-1(e), 13d-1(f) or 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 ss. 240.13d-7(b) 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).
This document consists of 5 pages
CUSIP No. 769627100
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Diversified Equity Ventures LLC IRS ID: 65-1152919
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a):
(b):
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 320,000
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
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8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
320,000
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
320,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%
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14 TYPE OF REPORTING PERSON
OO
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Introduction
Item 1. Security and Issuer.
This statement relates to the Common Stock, par value $.001 per share,
of Riviera Holdings Corporation (the "Issuer"). The principal executive offices
of the Issuer are located at 2901 Las Vegas Boulevard South, Las Vegas, Nevada
89109.
Item 2. Identity and Background.
This statement is filed on behalf of Diversified Equity Ventures LLC, a
Delaware limited liability company (the "Reporting Person"). Jeffrey P. Jacobs
is the sole manager of the Reporting Person and may be deemed to beneficially
own the shares held by the Reporting Person. The principal business of the
Reporting Person is to hold investments in gaming companies and ventures. The
business address of the Reporting Person and its manager is 1231 Main Avenue,
Cleveland, Ohio 44113. The Reporting Person is organized in the state of
Delaware. Mr. Jacobs is a citizen of the United States of America.
Neither the Reporting Person nor Mr. Jacobs has been convicted in a
criminal proceeding during the last five years.
During the last five years, neither the Reporting Person nor Mr. Jacobs
was a party to or the subject of a civil proceeding of a judicial or
administrative body of competent jurisdiction which resulted in a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or State securities laws finding an
violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration. The Reporting Person
purchased 320,000 shares of the Issuer with $2,080,000 of cash from its working
capital.
Item 4. Purpose of Transaction.
The Reporting Person has purchased the shares for the purpose of
acquiring an equity interest in the Issuer. The Reporting Person may in the
future seek to influence control of the Issuer or may consider the possibility
of acquiring control of the Issuer through whatever means the Reporting Person
may determine to be most effective and most efficient including, but not limited
to, a tender offer or merger or similar transaction with the Reporting Person.
Prior to any attempt to acquire additional shares of the Issuer, the Reporting
Person may seek relief from the effects of the voting limitations in the
Issuer's articles of incorporation. Although the Reporting Person may be
interested in influencing or seeking control, no plan to acquire control of the
Issuer has been formulated, and the Reporting Person may determine to maintain
its holdings at the current level without further action or sell all or a
portion of the shares reported in the open market or in private transactions.
Item 5. Interest in Securities of the Issuer.
(a) After purchasing 320,000 shares of common stock of the Issuer, the
Reporting Person owns an aggregate number of 320,000 shares of common stock of
the Issuer consisting of 9.0% of the entire class.
(b) The Reporting Person has the sole power to vote and dispose of all
320,000 shares of the issuer named in paragraph (a).
(c) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits
None.
SIGNATURE
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After reasonable inquiry and to my best knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: April 12, 2002
DIVERSIFIED EQUITY VENTURES LLC
By: /s/ Jeffrey P. Jacobs
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Jeffrey P. Jacobs, Manager