2024.07.18
peppermill casino hotel renoThe Tiverton Casino, seen here, and Twin River will have combined layoffs of more than 1,300. But 1,043 workers at the Twin River Casino and nearly 300 at the Tiverton Casino in the Rhode Island town of the same name will be let go on Sept. 24 “until further notice,” Security Sseneca niagara casino hoursupervisor Paxton Pou told Casino.org.This comes as the two tropical storms, Marco and Laura, zeroed in on the Gulf Coast. sam s town casino reservationsAt least one New Orleans-area casino was closed on Monday, Aug. Earlier this month, Mohegan Sun said some of those employees will be laid off.Twin River is seeking other avenues for conserving cash, including halting its dividend and share repurchase programs.Home State IssuesAnother issue confounding TRWH in its home market is state limitations on large gatherings, which is forcing the Twin River and Tiverton casinos to operate below full capacity. Golden Nugget commanded a 35.5 percent market share of internet gambling in the first half of the year.Four casinos saw their net revenue in the second quarter tumble by more than 99 percent, and three are owned by Caesars Entertainment: Harrah’s (-99.6), Bally’s (-99.4), and Caesars (-99.3).The year-over-year drops are slightly misleading, as Caesars operates its online gaming through a separate entity named Caesars Interactive Entertainment NJ. 7 card hold em poker drake casino live chatdesert diamond casino openBut 1,043 workers at the Twin River Casino and nearly 300 at the Tiverton Casino in the Rhode Island town of the same name will be let go on Sept. Tropical Storm Marco, with winds of 35 mph or more, was expected to make landfall on Monday, Aug. Golden Nugget managed to squeak out a .1 million win due to it being the market leader in online gambling in New Jersey. island view casino beach tower roomsBut many employees remained on furlough.Furloughs differ from layoffs in that under the former, there’s some chance that the impacted staff could be called back to work or placed into a different role when business conditions improve.Rough Stretch for New EnglandIn the second quarter, TRWH reported a loss of .6 million, as revenue plunged almost 80 percent to .9 million from 3.2 million a year earlier. Earlier this month, Mohegan Sun said some of those employees will be laid off.Twin River is seeking other avenues for conserving cash, including halting its dividend and share repurchase programs.Home State IssuesAnother issue confounding TRWH in its home market is state limitations on large gatherings, which is forcing the Twin River and Tiverton casinos to operate below full capacity. The Tiverton Casino, seen here, and Twin River will have combined layoffs of more than 1,300. slot machine casinos in kentucky chumba casino dealsred stag casino euro no depositFoxwoods and Mohegan Sun, Connecticut’s two tribal gaming venues, temporarily furloughed workers earlier thiseneca niagara casino hourss year. However, executives believe that there’s pent-up demand and that when those restrictions are lifted, more patrons will return to the gaming properties,As for the human element of the gaming industry and how that will look when COVID-19 is finally vanquished, employment may not rapidly return to pre-pandemic levels because many regional operators are realizing improved margins, due in large part to lower staff counts.Rhode Island is TRWH’s largest market but is adding to its geographic diversity. The company reported net revenue of .7 million, a 78 percent increase.It joins a growing list of gaming companies operating with significantly reduced headcount amid the coronavirus pandemic. Golden Nugget managed to squeak out a .1 million win due to it being the market leader in online gambling in New Jersey. The Tiverton Casino, seen here, and Twin River will have combined layoffs of more than 1,300. aliante casino movies times luckyland casino.com |