Black Gaming has experienced its fair share of economic woes over the last year, but the hits keep coming as the company saw a loss in the first quarter of 2009 and had to further cut operating costs.

The company, which owns and operates three resorts in Mesquite, Nevada, reported a quarterly loss of $5.16 million over last year in a filing with the SEC. The loss may force the company to file for bankruptcy, as it is having difficulty negotiating with lenders.

Black Gaming has all but halted the majority of its operations at its Oasis Resort Casino Golf and Spa, and is continuing to slow the progress of the Oasis by laying off 147 employees at the hotel, as well as closing a Denny’s restaurant and other facilities.

By Casino Connection Staff