Indian tribe pays big wampum for Hard Rock Cafe chain.

[FelixDeCat]

Seminole Tribe of Fla. Buying Hard Rock

http://biz.yahoo.com/ap/061207/hard_rock_cafe_seminole_tribe.html?.v=29

The deal with London-based Rank Group PLC is believed to be an American Indian tribe's first purchase of a major international corporation of its size, the Seminoles said. It includes 124 Hard Rock Cafes, four Hard Rock Hotels, two Hard Rock Casino Hotels, two Hard Rock Live! concert venues and stakes in three unbranded hotels.

The Seminoles tribe has about 3,300 members living on and off Florida reservations and all of them receive payments due to the success of casinos. They are pacesetters in the growing world of Indian gaming.

After selling tax-free tobacco products, the tribe opened a bingo hall in 1979 in Hollywood. It survived legal challenges from the state over the right to be in the gambling business, which led to other casinos on reservations in Florida and opened the door for tribal gaming across the nation.

I think its time to start taxing Indian gaming and take away all the freebies. If they can buy the Hard Rock - whats next? Arbys? :laugh:

 

[SlitheryDee]

Watch out America. I think the natives have found our achilles heel.