Hard Rock International chairman warns economic challenges 'in front of us are real'

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Jim Allen, chairman of Hard Rock International, warned that the economic challenges “in front of us are real' and will impact business.

asked Allen, who is also the CEO of Seminole Gaming, if he has been able to pass on higher prices to the consumer and if he believes rising travel expenses will impact people’s plans.

"But no doubt, I think this is going to have an additional effect on the last quarter of this year going into the first and second quarters of next year," Allen continued. Vacant terrace seating outside a Hard Rock Cafe International Inc. bar and restaurant in Prague, Czech Republic, on Thursday, Oct. 22, 2020.

"There’s no doubt that that is going to have an economic effect on our business globally, and certainly we’re prepared for it," Allen continued, noting that "Hard Rock’s been around for 50 years."

 

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