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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 11, 2009
FX REAL ESTATE AND ENTERTAINMENT INC.
(Exact name of registrant as specified in charter)
         
Delaware   001-33902   36-4612924
(State or other jurisdiction   (Commission   (I.R.S. Employer
of incorporation)   File Number)   Identification No.)
     
650 Madison Avenue   10022
New York, New York   (Zip Code)
(Address of principal    
executive offices)    
Registrant’s telephone number, including area code: (212) 838-3100
          (Former Name or Former Address, if          
Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


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Item 8.01 Other Events
SIGNATURES


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Item 8.01 Other Events.
     As previously reported, on February 11 and 12, 2009, FX Real Estate and Entertainment Inc. (the “Company”), through its subsidiaries, sold a total of 1,026,639 shares of common stock of Riviera Holdings Corporation (AMEX: RIV) in two privately negotiated transactions at a price of $3.15 per share. The Company intends to use the net sale proceeds of approximately $3.2 million for working capital and general corporate purposes. As a result of these sales, the Company beneficially owns 115,588 shares of RIV common stock, which represents less than 1% of the outstanding shares of RIV common stock.

 


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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  FX REAL ESTATE AND ENTERTAINMENT INC.
 
 
  By:   /s/ Mitchell J. Nelson    
    Name:   Mitchell J. Nelson   
    Title:   Executive Vice President, General Counsel and Secretary   
 
     DATE: February 18, 2009

 

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