New York Stock Exchange has removed the name of the casino company Riviera Holdings from their grouping of listed companies.

Being a listed company is considered to be a sign of reliability and significance. With the finances and the balance sheets not being up to the mark of reliability or significance the New York Stock Exchange has removed the Casino Company from their list.

The removal of the company from the list of New York Stock Exchange therefore leads to no more common shares from the company.

It was not a sudden decision made by the New York Stock Exchange rather the company was intimated about the decline in standards and the need to comply with the requirements of the stock exchange. The casino company was however not able to facilitate the requirement for the listing.

Due to the incapability of being able to be compliant with the applicable norms for listing, the Casino Company Riviera agreed to the de-listing from the exchange the past month.

However, the company can apply to be re-listed after they develop the required financial backing to meet up with the standards of being listed in the NYSE. One of the reasons which were given as the reason for the de-listing was that the company has incurred substantial losses.

The eventual re-listing of the Riviera is a solid proof of the fact that even casino companies can go wrong in their financial process when there is no business coming in. They are not spared by the general economic downturn.

Will Needler, an analyst stated that "this is not the first, nor will it be the last casino operator that is de-listed." It seems that there are some more companies that might get de-listed.

Notably, Trump Entertainment was taken off from the list of NYSE couple of months ago. There are many other companies who have been notified of the de-listing and they are struggling to achieve stability.