AN INDEPENDENT LAS VEGAS JOURNALTHE PEOPLE FILES
ARGENT
GAMING & HOSPITALITY

Allen E. Paulson

Gold River investor and prospective Riviera buyer

The aviation businessman entered Nevada gaming through Gold River and pursued a Riviera–Four Queens transaction that did not close.

Period explored: 1990sNext Generation3 reading-room sourcesReviewed October 14, 2026
01 / THE STORY

An investor’s Nevada ambitions

Allen Paulson, known for Gulfstream aviation and thoroughbred racing, also became a gaming investor. Nevada regulators gave final approval for his Gold River acquisition in Laughlin in September 1997. His R&E Gaming vehicle separately pursued Riviera Holdings and Elsinore, owner of the Four Queens. These were different investments, not a completed purchase of a combined Las Vegas casino group. [2] [1]

02 / THE STORY

The Riviera distinction

By March 1998, Paulson was seeking to terminate the Riviera and Elsinore agreements. Subsequent litigation produced a court-approved Riviera settlement reported in October 1999. His place in this history is therefore as an investor and prospective acquirer; the failed merger should not be converted into a claim that he became the Riviera’s operating owner. Contemporary sources spell his first name Allen. [1] [3]

THE CHRONOLOGY

Key dates

  1. September 1997

    Wins final regulatory approval for Gold River. [2]

  2. March 1998

    Seeks to end the Riviera and Elsinore mergers. [1]

  3. October 1999

    Court approval of the Riviera settlement is reported. [3]

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FROM ARGENT’S COLLECTION

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THE READING ROOM

Go deeper into the record.

Sources for this profile and starting points for further research. Access notes mark links we could not open directly during the October 3–4, 2026 checks. Historical accounts describe their own period; they do not necessarily describe current operations.

  1. 1

    Las Vegas Sun · John Wilen · Contemporaneous reporting · March 24, 1998

    Riviera, Four Queens mum on failed merger

    Readable article text retrieved through search October 14, 2026. Direct publisher access was blocked; no separately accessible archived copy was verified. Distinguishes the proposed R&E Gaming acquisitions from the Gold River investment and records the proposed mergers’ breakdown. Allegations and analyst speculation are not adopted.

  2. 2

    Las Vegas Sun · Contemporaneous reporting · September 26, 1997

    Panel OK’s Paulson’s acquisition

    Indexed report retrieved October 14, 2026 supports final Nevada regulatory approval for acquisition of Gold River. Only the retrieved approval fact is used; unrestricted full-page access is not claimed.

  3. 3

    Las Vegas Sun · Contemporaneous reporting · October 14, 1999

    Riviera settles merger lawsuit

    Retrieved report excerpts checked October 14, 2026 identify judicial approval of the settlement. Direct requests returned 403/402; legitimate alternate searching did not establish a freely accessible full copy. A settlement is not treated as a completed casino acquisition or admission of disputed allegations.

    Indexed press reference · View the bibliography. The original report has not been independently read for this entry.

    Subscription or access restrictions may apply. Access check: Oct 4, 2026. Search for this source (search results)