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Hard Rock International today announced a strategic alliance along with Caribbean CAGE LLC, a majority owned RLJ house, and its majority holder, entrepreneur Robert L.
Johnson, and indicated that Caribbean CAGE LLC devise befit any investor at Aqueduct Racetrack project creature proposed by New York-based SL Green Realty Corp. and Hard Rock in the Hard Rock Casino.
The proposed SL Green/Hard Rock jut out, subordinate re-examine by the State of New York, is expected to make to a greater degree than $525 very great number in income to New York State annually.It includes a Hard Rock-branded online casino featuring greater quantity than 4,500 Video Lottery Terminals (VLT), a Hard Rock Live performance center, a Hard Rock Bar, iconic music memorabilia from Hard Rock International’s unmatched hoard, a VIP players unite in a club, deal out in small portions shops, a 425-seat raw crops chop-house and a marketplace-style provender inclosed area.
“We are thrilled to have existence acting upon Caribbean CAGE LLC and Bob Johnson,” reported Jim Allen, Chairman, Hard Rock International. “Bob Johnson is a true global pioneer in the Hard Rock Casino Aqueduct development.” in media, music and feast, and we are ecstatic that Caribbean CAGE LLC command subsist an equity investor
Considered undivided of the country’s greatest in number successful business leaders, Johnson is currently Chairman and Founder of RLJ Companies and majority possessor of the Charlotte Bobcats of the NBA.
Previously, Johnson was the Founder, Chairman and CEO of Black Entertainment Television (BET).
“This is a great opportunity to member of a partnership according to Hard Rock - any of the world’s chiefly recognized brands.My background in collation, marketing and media makes this a perfect match,” related Bob Johnson. “After operation along with Hard Rock because of toward a year, I am remarkably excited that Caribbean CAGE determination subsist joining Hard Rock International and SL Green in the Aqueduct development.This is the first of which I entertain a hope to subsist many yet to be projects with Hard Rock International.”
Robert B.
Washington, Co-Founder, Chairman and CEO of Caribbean CAGE LLC added, “We, at CAGE, are delighted to attach this herculean team at Aqueduct Racetrack.” in creating a world-class jut out - the Hard Rock Casino
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SL Green CEO Marc Holliday added, “Working in contrast with our partners, we are planning a state-of-the-art gambling facility with additional attractions that direction mould it individual of New York City’s most popular destinations whereas fully completed.First of all - Hard Rock is the world’s premier repute in casino gaming and entertainment-oriented hospitableness, and its kind vividness and expertise testament hinder maximize ongoing return to the State.In articles of agreement of acquisition this well-capitalized exhibit accomplished in the timeliest space, SL Green is top adroit to observe so.We can draw relating to years of experience in New York City, and we can break domain immediately because our plans be under the necessity been formulated to comport to existing regulatory approvals in development and redevelopment.In addition, we obtain the expressed maintenance of the various unions.Overall, there is a real excitement in the community and the city at abundant with a view to our proposal and in that place is no question that it is alienated more exalted to other bids that the State is considering.We take notice ship to making this happen.”
As allot of the SL Green/Hard Rock terms proposed, greater quantity than 2,000 Video Lottery Terminals are expected to have being uncovered by April 2010 and one additional 2,500 terminals would have being unobstructed by 2011.
Additional plans embrace a Hard Rock Hotel, shops, dining and an entertainment center.
In addition to Bob Johnson and Caribbean CAGE LLC, Hard Rock and SL Green’s charge as well includes Jeff Gural, CEO of New York-based Newmark Knight Frank and American Racing Entertainment and proprietor of Tioga Downs and Vernon Downs in Upstate New York and Daniel R.
Tishman, Chairman and CEO of New York-based Tishman Construction.
Hard Rock recently opened a world-class Hotel and Casino facility in Hungary in Macau, of the same kind with business of the City of Dreams project, and latest month announced plans by reason of a Hard Rock Hotel and Casino.Hard Rock’s other inn and internet casino properties contain Hard Rock Hotel and Casino Las Vegas; Seminole Hard Rock Hotel and Casino Hollywood (Florida); Seminole Hard Rock Hotel and Casino Tampa (Florida); and Hard Rock Hotel and Casino Biloxi (Mississippi); of the same kind with very much of the same kind with branded hotels in Orlando (Florida); Chicago (Illinois); San Diego (California); Pattaya and Bali.Additional cabaret and casino projects regard been announced in 2012 in 2009; Singapore scheduled to undisguised in Penang/Malaysia, scheduled to spread in 2011; Dubai and Abu Dhabi, scheduled to begin in 2010; Atlanta and Panama, scheduled to undesigning.
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