Hard Rock is low on chips with HUGE debt payment due

The owner and operator of the Hard Rock Hotel & Casino Las Vegas has until June 2 under a forbearance agreement to make up the interest that it owes to its lender, but filings suggest that even then the company won't be able to pay it.

Didn't know they were in so much trouble; their image is that all is cool and well

Was a big gamble to buy the place in first place. Guess their marker is getting called.

what a floating crap game.

That's one place I wouldn't mind seeing new ownership. Hard Rocks were interesting when there were only a few of them. Now they are everywhere. The appeal of seeing one of Bob Dylan's original guitars goes down after the hundredth one you've seen.

It must be hard to keep that place full considering its location...but they keep expanding and building new towers. Maybe they should have just revamped the ones they had.

What I recommend is that Hard Rock go all in and try to bluff the creditor.

Is this why they banned Ben Affleck from blackjack?

PJ, I personally go to see Madonna's cone bra at the HR.

Hold on, . . . jes' hold on one dang minute! One cannot keep one's "hard rocks" straight without some additional information, . . .

As the link in the original post suggested, The Hard Rock Hotel and Casino, Las Vegas is, in fact, not owned by Hard Rock Cafe International, Inc., the firm originally founded by Peter Morton and Isaac Tigrett.

In May 2006, Morton sold the Hard Rock Hotel & Casino, Las Vegas to Morgans Hotel Group for $770 million, . . . In March 2011, Morgans surrendered control of the property to partner/lender Brookfield Asset Management, citing the high debt on the property in the face of the economic downturn.

So now, as the original post link stated, the present ownership group comprising affiliates of Brookfield Asset Management is in hock to the tune of $902.5-million to its lender Vegas HR Private Ltd., and overdue in paying $44.3-million in interest due March 1st.

Perhaps of interest to Hard Rock afficionados is the fact that Hard Rock Cafe International, Inc. itself is no longer owned by Mssrs. Morton and Tigrett.
In the 1990s The Rank Group, a London-based leisure company, purchased Hard Rock America and Hard Rock Canada and gained worldwide control of the brand.
In March 2007, the Seminole Tribe of Florida acquired Hard Rock Cafe International, Inc. and other related entities from Rank for $965-million. The corporate headquarters is Orlando, FL. See: BBC News

The Hard Rock Hotel and Casino, Las Vegas pays the Seminoles a fee to use the "Hard Rock" name.

Ref: wikipedia

Are you trying to show how little you know?

A McDonalds is a McDonalds regardless if its owned by the corporation or a franchiser or whatever. Its the same experience in every store. Same principal here with Hard Rock. Thats what im objecting to.

I'm sorry, albeadle, if I articulated it in a way that made your blood pressure rise. Cheer yourself up by watching the latest Donald Sterling rant against colored folk.

The Hard Rock Vegas was once really cool, like the Rio was really cool. Then they got corporate-ized and overgrew and now they're both pretty lame.