Summary
Rank Group yesterday said it had agreed to sell its Hard Rock cafe and casino business to the Seminole Tribe of Florida for $965 million (pounds 489.8 million).
Rank said the disposal of the rock music-themed chain would turn it into a pure gaming group, focusing on Britain's plans to open up its casino market from next year.See the full content of this document
Extract
Hard Rock, Soft Price
But analysts said it had sold the division too cheaply, after the price was hit by the weakening dollar, and Rank's shares fell. Analysts were also un...
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