Natural convection will tend to draw cooler air through vent holes in the sides / base of the receiver's case and expel hotter air through the vents in the top.
If the receiver has an internal fan, this will probably be set to blow air out the back of the unit (yuou can test which way it's going with a B&H). I would reckon on having at least an inch on the sides, top and back.
Drilling holes in the shelf won't do much more than weaken the shelf IMHO, and if the front is open then you should have enough ventilation to draw fresh cool air into the cabinet. The problem will be expelling the hot air out of the cabinet. If you are concerned, I would recommend cutting extra (large) holes in the back panel. You can find hole saws in the tool departments of most DIY stores.
A hole saw (in case you don't know what I'm talking about):
http://www.diy.com/diy/jsp/bq/nav.jsp?action=detail&fh_secondid=9287718&fh_view_size=10&fh_start_index=30&fh_sort_order=1&fh_sort_by=_price_rrp_min&fh_location=%2f%2fcatalog01%2fen_GB&fh_search=hole+cutter&fh_eds=%c3%9f&fh_refview=search&ts=1257628070360&isSearch=true
This one comes with a number of different size cutters.
If you're using one, cut half-way through from one side, then switch around and cut all the way through from the other side. The drill bit in the middle will centralise the cutter, and you'll avoid splitting any veneer finish on the wood.
I should be sponsored by Cyrus and Chord (and B&Q)!!