AC Casino Profits Go Up in Smoke 1
Gambling’s down:
The Borgata layoffs follow Harrah’s Entertainment Inc.’s announcement last Friday that it was cutting hundreds of employees at its four Atlantic City casinos: Bally’s, Showboat, Harrah’s Resort and Caesars. The four casinos employed 16,034 in September.
So let’s light up:
The council changed its mind at the last moment and agreed to repeal the smoking ban for at least a year, but couldn’t legally stop the no-smoking rules from taking effect on Oct. 15.
The ban expired a minute after midnight Sunday, and gamblers can now light up again.
The theory seems to be that hoards of unemployed and laid-off smokers who don’t know where their next meal is coming from or whether they will have a house next month will flood the casinos and feed the quarter-eaters.
What a business model.
November 16, 2008 at 8:25 am
In June of this year, it was reported that between January through April, profits in Cripple Creek, Central City & Blackhawk were down 10.7%. They have blamed the cost of gas to get to all 3 mountain towns & the smoking ban for the loss. People they asked said they used to go 3 & 4 times a week, but have cut back to 2 or 3 times a month because of both. Even with the amendment that was passed to increase limits & stay open 24 hours.