Seminole Tribe Buys Hard Rock
The Florida tribe bought Hard Rock from the London-based Rank Group PLC in a $965 million deal. Included in the deal were two casinos, 124 restaurants, four hotels, two Hard Rock Live! concert venues, and what is said to be the world's largest collection of rock n' roll memorabilia, which includes 70,000 pieces.
The Hard Rock Hotel in Las Vegas was not included in the deal, as well as the Hard Rock Casino in London. Rank Group plans to change the London business to the Rank Gaming brand.
The Seminole tribe includes 3,300 members on and off Florida reservations. All the members of the tribe receive payments from the success of their casinos.
Check out the Star Tribune's coverage