The casino industry is in a major slump. Casino layoffs and bankruptcy are becoming par for the course in the casino industry. Yet, many casino supporters and their leader Will Flanagan insist that the casino will end Fall River's problems. Will it? A recently opened casino in the similarly situated town of Bethlehem, PA laid off nearly 100 people within their first year. Can Fall River handle that? Because it is a distinct possibility. Casino revenues are down, casinos are going bankrupt, casino workers are losing their jobs.
No need to read the following articles, these recent headlines pretty much say it all:
Connecticut slots revenue down at Foxwoods, Mohegan Sun 7/15/2010
Twin Rivers files for Chapter 11 bankruptcy 6/23/09
Casino layoffs destined to affect Norwich 10/30/2008
Atlantic City Casino Revenue Declines For 22nd Consecutive Month In June 7/12/2010
Analysts: Weakness in Gaming Industry Continues 7/28/2010
Layoffs at casino in Bethlehem: Less than a year after a grand opening that rivaled the glitz and glamour of a Las Vegas revue, Sands Casino Resort in Bethlehem is laying off 80 employees. 5/1/2010
200 plus layoffs for President Casino gambling boat 4/22/2010
Slipping into Bankruptcy? Foxwoods Struggles With Debt as Gaming Revenue Slumps 9/3/09
Showing posts with label mashpee wampanoags. Show all posts
Showing posts with label mashpee wampanoags. Show all posts
Monday, August 2, 2010
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