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Land Casino's thousands lose their jobs

US unemployment statistics climbed to a 15 year high in November, with the travel and entertainment sectors taking a major beating due to lay-offs, Associated Press reported this week.
 
Workers at hotels and casino resorts have taken some of the biggest losses, with the accommodation industry shedding 36 600 jobs in November, while the amusements, gambling and recreation sector laid off 13 100 workers, the Department of Labour reported, part of the 533 000 total jobs cut in November that pushed the U.S. unemployment rate to a depressing 6.7 percent.
 
The travel and gambling sectors have been particularly hard hit by the recession, as consumers have cut back sharply on discretionary spending.

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Some of the most visible layoffs have come from the casino industry, where large land gambling complexes have cut jobs on a big scale. In early November, the Borgata Hotel Casino and Spa in Atlantic City laid off 400 workers to cope with the economic downturn. Later in the month, the Little River Casino Resort in Manistee, Michegan cut 100 employees. Also last month, the Mountaineer Casino, Racetrack & Resort in West Virginia cut 93 jobs, mainly maintenance workers and carpenters.
 
In some communities, casinos are a major employer. "These complexes employ thousands and thousands of workers," American Gaming Association President and Chief Executive Frank J. Fahrenkopf told the Associated Press reporter. "And those thousands of workers buy cars, buy washing machines. So it's a major negative impact on the communities where we do business when we have to cut back."
 
The bad news seems set to continue into December, AP speculates, citing plans this week by Black Gaming to suspend casino operations at the Oasis Resort Casino Golf & Spa in Mesquite, Nevada, and lay off 500 workers. Seneca Indian Nation's casinos in Niagara Falls, Buffalo and Salamanca also cut more than 200 jobs this week.
 
Overall gaming revenue dropped 4.6 percent nationwide in the third quarter. And the fourth quarter has been particularly difficult for the hotel industry, as consumers and businesses have cut back even more sharply on travel spending. During October, occupancy for the U.S. hotel industry dropped 6.5 percent compared to the same month a year earlier. Last Friday, Fitch Ratings lowered its outlook on three major hotel companies, saying the fourth-quarter declines have dimmed its forecast for the sector.



Gambling News :

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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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