The Riviera opened on April 20, 1955, and in more than 50 years of business has filed for bankruptcy

LAS VEGAS -- Andy Choy, president and CEO of the Riviera Hotel and Casino on the Strip, was fired Friday as the casino's parent company, Riviera Holdings Corporation, continues to reorganize the struggling property's management team.
Choy, who was named CEO in April 2011, declined to comment Friday. The Riviera has lost three key executives within the past year, including CFO Larry King, Bobby Ray Harris, senior vice president of operations, and Doug Poppa, the former director of security and surveillance.
The Riviera opened on April 20, 1955, and in more than 50 years of business has filed for bankruptcy three times. The hotel-casino filed for bankruptcy in 1985 and 1991, at which time Meshulam Riklis lost ownership of the property to Riviera Holdings.
The company emerged from bankruptcy in November 2010, with Greenwich, Conn.-based Starwood Capital Group with a 41 percent stake in Riviera Holdings. Starwood Capital declined to comment Friday on Choy's firing.
Before taking over the Riviera, Choy worked for the Las Vegas Sands Corp. in Las Vegas and Macau and as a turnaround specialist for Icahn Enterprises, spending time on the Stratosphere and Arizona Charlie's in Las Vegas and the Aquarius in Laughlin.