Hard Rock considering selling Las Vegas casino
AP - The owners of the Hard Rock Hotel & Casino in Las Vegas say they’re considering selling the hip property just east of the Strip.
Las Vegas-based Hard Rock Hotel Inc. announced Tuesday that it has received more than one offer to buy the hotel-casino that caters to a young, carefree audience.
“The company has determined that it will explore a potential sale. There can be no assurances that this process will lead to a transaction,” the company said in a statement.
Hard Rock Hotel Inc. is a privately held company, with $140 million in publicly traded bonds. In October, Chairman and Chief Executive Officer Peter Morton said the company had secured $1.25 billion in financing for the construction of a condominium complex next to the casino property. Construction was expected to begin in the middle of this year and be completed by 2008.