EMPLOYMENT AGREEMENTS AND EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2012

EMPLOYMENT AGREEMENTS AND EMPLOYEE BENEFIT PLANS [Abstract]

EMPLOYMENT AGREEMENTS AND EMPLOYEE BENEFIT PLANS

15. EMPLOYMENT AGREEMENTS AND EMPLOYEE BENEFIT PLANS

Pension Plan Contributions - the Company contributes to multi-employer pension plans under various union agreements in Las Vegas to which the Company is a party. Contributions, based on wages paid to covered employees, were approximately $1,582,000, $1,715,000 and $1,482,000 for the years ended December 31, 2012, 2011 and 2010, respectively.

The status of pension plan funding for each of our collective bargaining unit employees is outlined in the table below:

										Funding Improvement	Company Contributions
										Plan (FP)/	(in thousands)
							Pension Protection			Rehabilitation	Year		Year		Year
			Employer				Act Zone Status			Plan (RP)	Ended		Ended		Ended
	Plan		Identification		Expiration		Plan Year	Plan Year		Pending/Implemented	December 31,		December 31,		December 31,
Pension Plan Legal Name	Number		Number		Date		2011	2010		(Yes or No)	2012		2011		2010
Southern Nevada Culinary Workers and Bartenders Pension Plan Trust		1		88-6016617		5/31/2012	Green		Green	No	$	794	$	814	$	735
Nevada Resort Association - I.A.T.S.E. Local 720 Pension Trust		1		51-0144767		5/31/2012	Green		Red	No		83		43		36
Western Conference of Teamsters Pension Trust		1		91-0681009		3/31/2013	Green		Green	No		340		409		350
Central Pension Fund of the International Union of Operating Engineers and Participating Employers		1		36-6052390		5/31/2011	Green		Green	No		238		251		222
Southwest Carpenters Joint Trust Fund		1		95-6042875		7/31/2011	Green		Green	No		51		105		88
National Electrical Benefit Fund		1		88-6023284		7/31/2015	Green		Green	No		13		18		11
International Painters and Allied Trades Industry Pension Fund		1		52-0853800		5/31/2013	Yellow		Yellow	Implemented-FP		63		68		31
American Federation of Musicians and Employers' Pension Fund		1		51-6120204		1/30/2013	Red		Red	Implemented RP		-		7		9
Total Contributions											$	1,582	$	1,715	$	1,482

Profit Sharing and 401(k) Plans - the Company maintains profit sharing and 401(k) plans for employees of Riviera Las Vegas who are at least 21 years of age and who are not covered by a collective bargaining agreement; employees are eligible to participate in these plans after 90 days of service.

Effective January 1, 2009, the Company suspended the Company match to the 401(k) plan. As a result, the Company made no matching contributions for the years ended December 31, 2012, 2011 and 2010.