Hard Rock Hotel & Casino is located in Las Vegas, Nevada, and is a hotel-casino. Hard Rock Hotel & Casino also hosts over a dozen restaurants, nightclubs, bars, and ultra lounges.
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The Seminole Tribe of Florida's $965 million purchase of the Hard Rock cafes, hotels and associated business from The Rank Group PLC was set to be completed Monday.
The deal, first announced in December and approved by Rank Group shareholders in January, poises the tribe of about 3,300 members to become a player in the worldwide hospitality industry. It also gives the tribe's gaming operations room to grow in states where gambling is legal....read the rest
Wall Street analysts freely confess they don't understand how all the moving parts of Morgans Hotel Group's acquisition of the Hard Rock Hotel & Casino intermesh. As for Morgans, its joint-venture partner DLJ Merchant Banking Partners (a subsidiary of principal lender Credit Suisse First Boston), and its casino-management company, Golden Gaming ... well, they're not talking.
When the closing of Morgans' purchase of the Hard Rock was formally announced, on Feb. 5, several new aspects of the deal came to light. In particular, the terms under which Golden Gaming will be running the casino are far steeper than originally believed....read the rest