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This week’s announcement of the Seminole tribe’s $965 million deal to acquire the Hard Rock Cafe restaurant and casino chain marks a milestone for the tribe, which lived largely in poverty only a generation ago.
The tribe is credited with pioneering the Indian gaming industry that is estimated to bring in as much as $900 million in 2006 earnings, before interest and expenses.
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By Mark Welford, Dane Carlson and Cris Zimermann.
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