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Friday, December 08, 2006

Seminole Tribe buys Hard Rock

The Seminole Tribe of Florida Rank bought the Hard Rock business in a deal worth $965 from Rank.

According to Rank, the sale is indicative of the company's forward-looking strategy to concentrate on gaming brands.

Rank will retain the Hard Rock Casino in London, but will focus on its other businesses such as Mecca Bingo and Blue Square.

The Seminole have previously run two Hard Rock Cafe hotel and casino resorts under licence from Rank in Florida.

posted by Clark Gamble at Seminole Tribe buys Hard Rock

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