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June 27, 2008

Foxwoods Resort Casino lays off 200 workers

The tribe that owns the Foxwoods Resort Casino says nearly 200 employees have been laid off.

A spokeswoman for the Mashantucket Pequots says the layoffs of middle managers and some hourly employees are part of what she calls a strategic organizational review process begun in January.

"[Layoffs] are scattered across departments," said Lori Potter, the Mashantucket spokeswoman.

The job cuts are believed to be the first in the casino's 16-year history and follow a similar layoff last month in the tribal government's workforce.

The workers let go yesterday will get two weeks severance pay for each year they were employed up to 13 years as well as health benefits, she said.

Foxwoods employs about 10,000 people at its casinos, including 1,747 at the newly opened MGM Grand.

This week's job cuts do not affect MGM Grand, the $700-million hotel and casino wing opened last month, Potter said.

The addition helped Foxwoods reverse an eight-month decline in slot machine revenues. Foxwoods saw a nearly 8-percent increase in its slot win compared with May of last year. Nearby rival Mohegan Sun also eked out an increase as slot win crept up two-tenths of a percent. Slot win is the money left after the machines pay out any winnings to bettors.

The casino industry, like many other employment sectors, is being hurt by a shaky national economy. Spiking fuel prices and plummeting home values are making many Americans cautious about spending.

Figures from the 12 states where commercial casinos are legal show revenue at gambling halls in those states dropped 1.3 percent, combined, in the three months ending Jan. 31, compared with the same period a year ago, according to the American Gaming Association.

-- Journal staff writer Paul Grimaldi

Posted by Jack Perry  at 11:38 AM | Permalink

Comments

I think slots are also down because they have changed so much over the years. The quarter machines are all gone now, and those were more fun. They have also gotten rid of most of my favorite games, which is basically anything I ever won a little at, like Star Wars, Men in Black, etc. Video poker machines are harder to find, and rather than behave like a full casino, they keep putting more of those penny or nickel video slots like a smaller palor would. I moved on to table games, but they quickly eliminated all of the 5 dollar tables for more 15 dollar tables. They even stopped sending my husband and I discount hotel coupons. I think they have gotten greedy and their new plans are not working. I miss the old Foxwoods and don't go that often anymore because it is not as fun as it used to be.

Linda A | June 27, 2008 3:46 PM link

i use to love going to foxwood but have stoped going because of how greedy they have become,the slots dont pay off at all anymore good bye foxwoodup

charlie beauregard | June 27, 2008 6:37 PM link

I think Foxwoods has forgotten who made them what they are, the patrons and the employees. They are not treating either like they should be treated.

Henry | June 28, 2008 10:27 AM link

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