2/26/2010

Despite opening a new luxury tower and expanded casino, the Hard Rock hotel-casino in Las Vegas saw a fourth-quarter loss of $53 million, or $1.78 per share, compared with a loss of $39 million, or $1.32 per share, in the year-earlier period. Revenue declined from $74.7 million to $64.3 million. The hotel's property manager and co-owner, Morgans Hotel Group Co., blamed the global economic downturn on the decline.

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Las Vegas Sun

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