RSS 2.0 FeedVol. 4, No. 1, January 2008, Tumbling Dice
Economic Woes Hit Mesquite
The company that operates three of the four casinos in Mesquite, Nevada, says a softening economy is forcing it to focus on cost control by delaying construction projects and reducing jobs.
“This has been a tough year for the gaming industry,” said Randy Black Sr. of Black Gaming. “We’ve experienced difficult times and I believe this softness will extend into the near term.”
Black Gaming has 2,200 slot machines, 72 table games and 2,200 hotel rooms between its CasaBlanca, Oasis and Virgin River casinos.
While many visitors to the casinos come from the 21,000 residents who live in Mesquite, the properties also rely on visitors from out-of-town, and rising gasoline prices, among other things, have cut down on the number of people willing to drive from Las Vegas or even California.
Black said reducing jobs could save the company between $1.5 million and $2 million. The reduction is largely focused on management levels and eliminating duplication of duties. Chief Operating Officer Jonathan Lowenhar and Scott De Angelo, vice president of marketing and sales, both resigned in September and were not replaced.
The company does not plan to lay off any other workers at this time.
“This has been a tough year for the gaming industry,” said Randy Black Sr. of Black Gaming. “We’ve experienced difficult times and I believe this softness will extend into the near term.”
Black Gaming has 2,200 slot machines, 72 table games and 2,200 hotel rooms between its CasaBlanca, Oasis and Virgin River casinos.
While many visitors to the casinos come from the 21,000 residents who live in Mesquite, the properties also rely on visitors from out-of-town, and rising gasoline prices, among other things, have cut down on the number of people willing to drive from Las Vegas or even California.
Black said reducing jobs could save the company between $1.5 million and $2 million. The reduction is largely focused on management levels and eliminating duplication of duties. Chief Operating Officer Jonathan Lowenhar and Scott De Angelo, vice president of marketing and sales, both resigned in September and were not replaced.
The company does not plan to lay off any other workers at this time.
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