Between A Rock And A Hard Place
Published: Saturday, March 10, 2007 Online-Casinos.com
BETWEEN A ROCK AND A HARD PLACE
Exchange rate costly for Seminoles in Hard Rock purchase
Currency exchange rates have added a whopping GBP 12 million to the selling price of Rank group's Hard Rock division (see previous Online-Casinos.com/InfoPowa report) to the Seminole tribe in Florida.
The initial agreement of around GBP 490 million has risen to GBP500 million (circa $965 million) in the timespan between the agreement and the final approval of the deal by Rank shareholders.
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