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Hard Rock Entertainment plans to open a big resort in Hungary

The U.S. casino operator that owns the chain Hard Rock Café is paving the way to build in Hungary the largest gaming resort in Europe.
"This is a huge project with a € 5 billion investment in ten years", said Jim Allen, the Chairman of Seminole Hard Rock Entertainment at a press conference in Budapest.
The resort will be built at the border with Austria and Slovakia. The ambitious project is expected to recreate in Eastern Europe the incredible look and atmosphere of Las Vegas. It will be achieved by stages.
The resort should include 316 hotel rooms, more than 1.500 slot machines, hundreds of table games and ten poker rooms. The workings are supposed to be finalized by 2012.
In 2006, Hard Rock Entertainment obtained from Hungary an operating license for twenty years, which can be extended for a further ten years. In return, Budapest can expect € 500 million in tax revenues in ten years, according to Mr. Allen.
Thanks to its position, the resort will be located at 200 km from Vienna, Budapest and Bratislava. The casino will be the first operated in Europe by Hard Rock Entertainment. The group is owned by Seminole tribe, which acquired the Hard Rock Café chain in 2007.

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