Click Now!

Resorts World Casino Fires Almost 200 Employees

Resorts World Casino Fires Almost 200 Employees

Roughly 175 employees from Resorts World Casino in New York City have lost their jobs. The redundancies came just a few months after the employee’s union successfully negotiated a large raise for them.

A spokesperson from Genting Group, the owner of the casino, said that the employees were let go because the buffet where they worked had stopped being a profitable part of the business.

Resorts World Casino Fires Almost 200 Employees

The casino decided to close its buffet and in doing so made around 175 employees redundant.

The spokesperson said, “If we allowed it to remain open, it would have ultimately had a negative impact. If that’s consistently losing money then it becomes a drain on other parts of the business, and then it becomes harder to sustain a business that you certainly want and the community wants to survive.”

The group’s decision has been heavily criticized by union representatives and a number of politicians. It has been pointed out that the casino made $696.5 million in revenues last year and is the country’s highest-grossing slot parlor. Many believe that Genting could easily have afforded to keep the buffet operational.

A spokesman for the New York Hotel Trades Council union, John Turchiano, said, “I’m very upset about this. We are doing everything possible to assist these workers right now. “

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

COMMENTS

comments