Economy Causes Layoffs At Grand Sierra Casino In Nevada

In the state of Nevada, casino gambling is what keeps the economy moving. That economy, however, has been extremely harsh to casinos in the state, and it is costing people their jobs.

The Grand Sierra Resort in Reno has laid off over fifty workers because of the current economic conditions. The casino insists that they are still committed to their customers and employees, but the job layoffs send a different signal.

"This is not the first time in the past few months that Nevada casinos have laid off workers, and it will not be the last," said observer Larry Niegel, "as the economy worsens over the next few months, unfortunately more people will be losing their jobs."

The new year brought some hope that the economy could begin to turn around under the new government administration, but so far the country as a whole is still struggling. With people not having extra money for vacations, Nevada casinos have been among the worst hit by the recession.

In January, the state reported a revenue decrease for the thirteenth straight month. That is over a year since the casino industry has produced any sort of gambling growth.

It is not just Nevada casinos that are struggling. The February revenue figures have been announced in several states and the results are not good. While some of the states have held steady, others have had sharp decreases in revenue.

March 21, 2009
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
Submit News!