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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.
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.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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