Friday, December 08, 2006

Starbucks new Chiefs

Britain's popular casual dining cafe, 'the hard rock cafe'- known for the collection of music memorabilia displayed at its restaurants worldwide- has been bought over by native American tribe, The Seminole.

The British owner, The Rank Group has sold the Hard Rock chain of cafes for $965m .

The Seminole, which earns 90% of its revenues from gaming, already owns two Hard Rock concessions in Tampa and Hollywood which have made it one of the richest native American tribes in the US.

Hard Rock International operates 124 Hard Rock Cafe restaurants, seven combined hotels and casinos and one stand-alone casino in 45 countries.

The Seminole tribe's first contact with white men was when a Spanish slave ship reached the Florida peninsula in 1510.

Recognised as a sovereign nation by the US in the 1950s, it now numbers 3,300, some living on reservations scattered across Florida's inland swamps. Since 1979, it has built bingo halls and casinos - outlawed elsewhere in the state.

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