The Riviera Hotel-Casino on the Las Vegas Strip has officially announced that it will close on May 4.

Riviera

The announcement comes shortly after the historic Las Vegas landmark was sold to the Las Vegas Convention and Visitors Authority for up to $191m in February. An estimated 1,000 jobs will be eliminated.

“We greatly appreciate the expressions of fondness and loyalty for ‘The Riv’ from our guests since ground first broke in 1954 as well as throughout the years. More importantly we want to acknowledge and applaud our associates who have worked to create enduring memories for all of our guests,” the announcement said.

“This is what will be remembered long after the walls have come down. We look forward to making the coming weeks fun, exciting and memorable.” The Riviera will celebrate its 60th anniversary on April 20.