'The real challenging area is the restaurants. There's no other way to describe it than it is struggling,' Hard Rock International Chairman Jim Allen told CNBC.
"The real challenging area is the restaurants. There's no other way to describe it than it is struggling," he said on"Frankly, we're barely open in some markets, and obviously with tremendous reductions in capacity."
"One of the great things about the Hard Rock brand is its eclectic nature, to be able to navigate through different business segments. Certainly, this year will not be a good year when we look at the total results," said Allen, who is also CEO of Seminole Gaming, which is owned by the Seminole Tribe of Florida. The tribeThe economic damage wrought by the coronavirus has been widespread, and casinos and restaurants have undoubtedly been hit hard. Yet the U.S.
"There is no doubt that the pandemic directly correlates to what the perception is of our guests in each individual geographic region," Allen said, adding that differences exist even within a single state. "So certainly on our ROI basis, that's not exactly the best news," he said, using a shorthand for return on investment.
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