With the casino debate continuing in the state, it’s interesting to see that one argument on lost revenue to Connecticut seems to have hit a snag.
In a move expected to result in layoffs, Foxwoods Resort Casino will curtail weekday hours on a portion of its gaming floor, the casino’s chief executive confirmed Wednesday.
Foxwoods Casino, which yes, does draw people from New York and New England, and is one place that people point to as a boon for revenue. It appears that Foxwoods, which has entertainment venues, hotels, which is similar to the model envisioned by the Massachusetts model is coming on hard times.
“We will make staffing changes across all levels of employment, in both our management and hourly Team Member ranks,” Dale Merrill, Foxwoods’ vice president of human resources and administration, said in the memo.
“It will be necessary to the health of the organization to review and adjust our staffing levels based on a solid strategic plan with a goal of supporting strong employment levels for years to come,” Butera said. “We will work our way through these difficult times and come out of it stronger …”
Nothing is guaranteed, any business could come on hard times, so the question for Springfield or anywhere else in the state is if you want to dedicate resources to job growth, with the bankruptcy filings and increased crime are casinos worth it? if you want to dedicate resources on job growth, could those resources be better used elsewhere?
Al says
and bit off more debt than they could digest. I wonder how Mohegan Sun is doing? Imagine the near future, with New Hampshire, Mass, and more Maine in the mix vying for business. Things don’t look so rosy then.
sleeples says
It’s for the same reason Nevada suffered more than any other state during the recession. Casino jobs just aren’t sustainable, because they produce nothing, replace human labor with slot machines, and heavily drain local economies.