Casino News

Vegas casino to cut workforce

2009-05-18 17:31:57

A casino in Las Vegas has revealed that it is laying off five per cent of its workforce, less than two months after opening.

The M Resort, situated on Las Vegas Boulevard, revealed that 100 of its 2,000 employees are being let go.

It comes after the venue hired an additional 250 people shortly after opening its doors, in order to meet early demand and Anthony Marnell, chief executive of the company, described the job reductions as "fine-tuning".

The casinos in the area are estimated to have experienced a ten per cent decline in revenue in March, although Henderson - where the M Resort is located - only saw a four per cent dip.

Last week, Global Casinos stated that Colorado's Bull Durham Casino is defying the trend of falling profits.

Despite problems faced by the economic downturn, the company noted that it has been experiencing growth in recent months.