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The Hard Rock performed better than expected in the first full quarter of its new ownership. The Hard Rock Hotel was Morgans’ first casino venture. Morgans announced that Golden Gaming would temporarily operate the casino, until Morgans received its own gaming license, a process that was expected to take about a year.
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The Hard Rock regained an interest among people between the ages https://online-casinos-best.net/GClub.htm of 25 and 40. The increase in this demographic was attributed to the AVN expo, a Mötley Crüe mini residency at the Joint, and the resort’s hosting of the Dew Tour. Actor Ben Affleck, a longtime gambler at the Hard Rock, was permanently banned from the casino’s blackjack tables in May 2014, on suspicions of card counting. In mid-1997, it was announced that Morton would purchase Harveys’ share of the resort for $45 million. The deal included paying Harveys $24.2 million to end the managing agreement, and another $20.7 million to buy Harveys’ stake in Hard Rock Hotel common stock. At the time, the resort was considered overwhelmingly successful.
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T-shirts featuring the Hard Rock logo were sold at the resort and proved to be popular. In its first year of operation, the Hard Rock earned more revenue from the T-shirts than its hotel rooms. A Hard Rock Cafe opened in September 1990, on the southeast corner of the property that would eventually include the Hard Rock resort.
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NorthStar subsequently stated that the resort missed a monthly loan payment of $460,000 that was due at the beginning of the month, with $96.2 million still owed in total. In August 2009, the Hard Rock Hotel was in discussions with its lenders to delay the upcoming maturity date on its $1 billion loan, from February 2010 to February 2014. The south hotel tower, the HRH Tower, opened on December 28, 2009. With the towers complete, the Hard Rock Hotel had a new total of 1,506 rooms. The original hotel towers, which are connected, became known as the Casino Tower.
As part of the expansion, the Paradise Bay Club apartments would be closed and demolished. The apartments would be replaced by new parking for employees and guests, and the land would also serve as a temporary staging area for construction. The expansion would ultimately utilize only 8 of the 23 acres, and the remaining acreage would be left vacant with the future possibility of development.