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Casinos cutting jobs at alarming rate

Nov 5, 2008 8:19 PM

Staff & Wire Reports | Harrah’s Entertainment Inc. is cutting hundreds of employees at its four Atlantic City casinos, while rumors persist that MGM MIRAGE is laying off as many or more workers.

Harrah’s Atlantic City casinos include Harrah’s Resort, Bally’s Atlantic City, Caesars Atlantic City and Showboat Casino Hotel. The gaming company won’t say how many are being laid off.

But the Press of Atlantic City reports employment figures compiled by the New Jersey Casino Control Commission show there were hundreds of job cuts at Bally’s and Caesars.

MGM MIRAGE, according to unnamed sources, may eventually cut from 2,500 to 3,000 jobs. Two weeks ago the gaming giant denied a rumor that it had "laid off 2,500 workers on Friday morning."

But, earlier this week, a source close to MGM MIRAGE’s management team, said that jobs were being cut at a rate that could push the eventually tally to more than 2,500.

For an update of the casino job crisis, see next week’s GamingToday newspaper and web site, beginning Tuesday, Nov. 10.