Hard Rock International and Premier Entertainment Assess Initial Hurricane Damage of Hard Rock Properties
September 01 2005 - 9:00AM
PR Newswire (US)
BILOXI, Miss., Sept. 1 /PRNewswire/ -- Hard Rock International,
owner and operator of the Hard Rock Cafe locations in New Orleans
and Biloxi, and Premier Entertainment Biloxi LLC, owner and
operator of the Hard Rock Hotel and Casino property in Biloxi, MS,
today announced that they are currently assessing the damage caused
by Hurricane Katrina, which struck the Gulf Coast area on Monday,
August 29, 2005. All Hard Rock hotel, casino and cafe employees in
Biloxi and New Orleans are encouraged to call 1-888-886-0920 for
further details as they become available. "Our thoughts and
concerns are with our employees and the members of our communities,
many whose lives have been devastated by this unprecedented storm,"
said Hamish Dodds, president and CEO, Hard Rock International.
"Right now our primary concern is for the safety and well being of
our employees and neighbors on the Gulf Coast," said Joseph
Billhimer, chief operating officer, Hard Rock Hotel and Casino
Biloxi. "We are committed to the region and encourage our staff to
contact us for more information." Premier Entertainment LLC
believes that it is adequately insured and intends to rebuild the
Hard Rock Hotel and Casino Biloxi property. Additional detailed
information on Premier Entertainment's insurance cover will be
disclosed in a future Form 8-K report. About Hard Rock
International With 120 high-energy Hard Rock Cafes and 13 Hard Rock
Hotels and Casinos in more than 40 countries, Hard Rock
International is one of the world's most globally recognized
brands. Beginning with an Eric Clapton guitar, Hard Rock owns the
world's greatest collection of music memorabilia, which is
displayed at its locations around the globe. Hard Rock is also
known for its collectible fashion and music-related merchandise,
Hard Rock Live performance venues and an award-winning website.
Hard Rock International, Inc. is owned by The Rank Group Plc
(NASDAQ:RANKY). For more information on Hard Rock, visit
http://www.hardrock.com/ . About Premier Entertainment Biloxi LLC:
Premier Entertainment Biloxi LLC owns and operates the Hard Rock
Hotel and Casino Biloxi, a full service gaming and entertainment
resort built on approximately 8.5 acres along the Mississippi Gulf
Coast in Biloxi, Mississippi. Except for the historical information
contained herein, the matters addressed in this press release may
constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
2IE of the Securities and Exchange Act of 1934, as amended. Words
such as, but not limited to, "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "could," "may," "should" and
similar expressions, together with the numerical estimates provided
herein, are intended to identify forward-looking statements. Such
forward-looking statements, which may include, without limitation,
statements regarding expansion plans, cash needs, sources and uses
of funds, cash reserves, liquidity, operating and capital expenses,
financing options, expense reductions, operating results and
pending regulatory matters, are subject to a variety of risks and
uncertainties that could cause actual results to differ materially
from those anticipated by Premier Entertainment. From time to time,
oral or written forward�looking statements are also included in
Premier Entertainment's and Premier Finance's periodic reports on
Forms l0-K, l0-Q and 8-K, press releases and other materials
released to the public. Actual results may differ materially from
those that might be anticipated from forward-looking statements
included herein. This can occur as a result of inaccurate
assumptions or as a consequence of known or unknown risks and
uncertainties. Premier Entertainment and Premier Finance undertake
no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or otherwise.
Factors that may cause actual performance of Premier Entertainment
or Premier Biloxi to differ materially from that contemplated by
such forward-looking statements include, among others: (1) the
results of the damage from Hurricane Katrina and insurance proceeds
available to Premier Entertainment; (2) the gaming industry is very
competitive and increased competition from the legalization or
expansion of gaming in Mississippi or Alabama and the development
or expansion of Native American casinos in or near Premier
Entertainment's markets could adversely affect Premier
Entertainment's profitability, (3) general construction risks and
other factors, some of which are beyond Premier Entertainment's
control, could prevent Premier Entertainment from completing its
construction and development projects as planned, (4) changes in
gaming laws or regulations, (5) changes in federal or state tax
laws, (6) changes in the economy, (7) the additional furniture,
fixture, and equipment financing to complete the project and (8)
changes in the scope of the project. Additional factors that could
cause actual performance of Premier Entertainment to differ
materially from that contemplated by such forward-looking
statements are detailed in the Registration Statement and Premier
Entertainment's and Premier Finance's periodic reports on Forms
10-K, 10-Q and 8-K. DATASOURCE: Hard Rock International CONTACT:
John Gogarty, Coyne Public Relations, o: +1-973-316-1665 ext. 233,
c: +1-908-403-6714, for Hard Rock International Web site:
http://www.hardrock.com/
Copyright
Rank (NASDAQ:RANKY)
Historical Stock Chart
From Apr 2024 to May 2024
Rank (NASDAQ:RANKY)
Historical Stock Chart
From May 2023 to May 2024