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The Chip Board Archive 16

NCR: Seminoles Complete Hard Rock Deal

HOLLYWOOD, Fla. - The Seminole Tribe of Florida completed its $965 million purchase of the Hard Rock cafes, hotels, casinos and music memorabilia from The Rank Group PLC on Monday through a combination of a bond offering and an equity contribution from the tribe.

The Hard Rock business includes 124 Hard Rock Cafes, five Hard Rock Hotels, two Hard Rock Casino Hotels, two Hard Rock Live! concert venues and stakes in three unbranded hotels. It also features a collection of rock 'n' roll memorabilia that includes 70,000 pieces, including guitars owned by Jimi Hendrix and Eric Clapton.

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NCR: Seminoles Complete Hard Rock Deal
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