FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   FX LUXURY REALTY LLC 2. Date of Event Requiring Statement (Month/Day/Year) 06/01/2007 3. Issuer Name and Ticker or Trading Symbol RIVIERA HOLDINGS CORP [RIV] (Last) (First) (Middle) 650 MADISON AVE. 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) NEW YORK, NY 10022 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock, $0.001 par value per share 836,588 I See footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
FX LUXURY REALTY LLC 650 MADISON AVE. NEW YORK, NY 10022	Â	  X	Â	Â

Signatures

/s/ Mitchell Nelson, Senior Vice President, Flag Luxury Properties, LLC, FX Luxury Realty, LLC		06/06/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Flag Luxury Riv, LLC ("FLR") and RH1, LLC ("RH1") each directly hold 418,294 shares of Common Stock, as reported on Forms 3 filed August 23, 2006. FX Luxury Realty, LLC, ("FXLR") as sole member of both FLR and RH1 that holds 100% of the equity of FLR and RH1, may be deemed to have beneficial ownership of the foregoing 836,588 shares of Common Stock. However, FXLR disclaims beneficial ownership of the shares owned by the other persons and disclaims membership in a group, and this filing shall not constitute an acknowledgement that FXLR is part of a group.

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