Vegas Hard Rock Hotel considers addition of 2,000 rooms
As reported by The
Vegas, Nevada --
Times weren't so hard for the Hard
Rock Hotel during this year's second quarter, a period
when business bounced back with such vigor executives
there are reportedly eyeing significant growth opportunities
both new and old.
parent company of the trendy Las Vegas boutique hotel-casino
reported solid earnings late Tuesday, and a source said
Wednesday that Hard Rock might soon move to add more than
2,000 hotel rooms and amenities to its resort at the northwest
corner of Paradise Road and Harmon Avenue.
Rock executives hope Harrah's Entertainment's proposed
acquisition of Caesars Entertainment could reopen last
year's missed opportunity to develop a rock 'n' roll-themed
casino on tribal land near San Diego.
Rock late Tuesday reported quarterly earnings of $650,000
during the three-month period ended June 30. That figure
was substantially better than a year ago, when a $4.2
million refinancing charge pushed the company to lose
more than $2.9 million, Hard Rock Vice President and Chief
Financial Officer Jim Bowen said.
revenue improved to $41.2 million, up 18 percent from
last year's $34.9 million. Cash flow jumped to more than
$11 million compared with $8.9 million a year ago.
was just overall a great quarter, very busy," Bowen
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