Posted Friday, December 8, 2006 9:25 AM | Contributed by Brotherbehr
Britain's Rank Group said on Thursday it had agreed to sell its Hard Rock cafe and casino business to the Florida Seminoles for $965 million. Rank said the disposal would turn it into a pure gaming group, focusing on UK casino liberalization coming next year. Following the sale it intends to return $688 million to shareholders by way of a special dividend, equivalent to 65 pence a share.
Read more from Reuters via CNN.
Okay I just read on an online myrtle beach news site that the sale will NOT affect the park. The park has a long term contract that trasferred with the sale so it is still opening! Woo Hoo!
*** This post was edited by Jubilee 12/8/2006 5:30:00 PM ***
*** This post was edited by greatwhitenorth 12/14/2006 6:17:24 PM ***
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