Foxwoods Casino Owners Considering Buyouts For Workers

The current landscape of the casino industry in the US is that casino owners, whether tribal or not, are being forced to cut jobs. Their revenue figures are down and they simply cannot afford to keep paying all of their workers.

The Mashantucket Pequot tribe, which operates both the MGM Grand and Foxwoods casinos , is facing some crucial decisions in the next few weeks. Over 250 of their government employees have indicated that they would take severance packages if they were offered.

It is now up to the tribe to decide which of these employees they will offer the packages to, if any. The tribe has already cut jobs, and there is a chance that they will fire even more employees.

"With the casino industry, especially in tourist areas, down the way it is, it is not surprising that the Mashantucket tribe is looking for ways to reduce their operating costs. It is actually a pretty common practice when the economy falls the way it has," said Eleanor Gentry.

In order to receive the buyout packages, tribal members must apply for them. At the current time, 286 members have applied. It is up to the tribe to now decide whether the workers that have applied have jobs that can be eliminated.

December 21, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
Submit News!