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twitterHard Rock chief raises investment
Wednesday, Nov. 3, 1999 | 10:21 a.m.
Hard Rock Hotel Inc. Chairman Peter Morton has invested another $18 million in the Las Vegas hotel-casino, the company said Tuesday.
Morton's latest purchase of preferred stock completed the total of $28 million the company previously announced he would buy.
Proceeds will be used to reduced the company's existing bank loans and for general corporate purposes, Hard Rock said.
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