After two accidents in one month at the site of a future Hard Rock hotel in New Orleans, the company's leader is clarifying its role in the construction.
"We were not the owner or the developer of the site itself," Jim Allen, chairman of Hard Rock International and CEO of Seminole Gaming, told Cheddar Monday. "It was one of our licensees. But certainly we were excited about creating a new Hard Rock Hotel in New Orleans."
Three workers were killed when parts of the upper floors collapsed October 12. On Sunday, the attempted demolition of two cranes on site left one dangling over a city street.
"Our prayers are with the families of the victims and also all the businesses surrounding the site itself, because the ripple effect here has been much more than most people realize," Allen said.
He added Hard Rock has been in the New Orleans market for decades, with its restaurant on famed Bourbon Street, and the company will work with the city and developers to "navigate through this rather challenging time."
Meanwhile, the brand is preparing to open the world's first guitar-shaped hotel in Florida Thursday: the Seminole Hard Rock Hotel & Casino Hollywood, a $1.5 billion project.
Part of the new resort is the $125 million Hard Rock Live entertainment venue, totaling 225,000 square feet for major performances. Maroon 5 will perform on the new stage Friday.
Other features of the flagship casino resort include entertainment, extensive gaming, a spa, fitness center, and more.
Peacock shared the trailer for the second season of the celebrity competition show, 'The Traitors.'
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
