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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.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

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NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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