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Backer writes off Hard Rock Park investment |
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Wednesday, 03 September 2008 |
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MYRTLE BEACH -- Africa Israel Investments, an Israeli company that is a major investor in Hard Rock Park, wrote off its $10 million investment in the park last quarter "due to liquidity difficulties the park is experiencing due to low attendance compared to its business plan," Chief Financial Officer Ron Fainaro said on a conference call Tuesday morning.
Read more at The (Myrtle Beach) Sun News...
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