C
a
e
s
a
r
s
P
a
l
a
c
e
16 tables
3570 S. LVB
702-731-7110
1 3 NLH $100-300. $2/hr comp
9:29 am Sat Nov 23
To:
Card Player <email address not displayed>
Your Name:
Email address:
Subject:
Message:
Card Player wrote on the message board: > The completed merger between Eldorado Resorts and Caesars > Entertainment will bring job cuts to the Las Vegas casino market. > > According to a Las Vegas Sun report, Eldorado’s Chief Financial > Officer Bret Yunker confirmed there would be job cuts in the weeks > following the merger, but that the process would be made > “compassionately and transparently as possible.” > > According to details of the merger, Eldorado’s executive staff, > including Yunker, will head what some officials have dubbed “New > Caesars." > > “We remain focused on creating substantial synergies as we bring > together these two companies,” said Yunker in an interview with the > newspaper. “That will, unfortunately, result in some job reductions. > Reducing the size of a workforce is always challenging to go through. > We commit to do that as compassionately and transparently as > possible.” > > Yunker didn’t specify the total number of jobs being lost in the > interview. > > Eldorado agreed to a deal a year ago in which the Reno-based company > bought a 51 percent controlling interest in Caesars at a $17.3 billion > valuation. With New Jersey’s approval of the deal Friday, the deal > is officially complete after 13 months of working through the approval > process from regulators. > > The cuts are due in part to the completion of acquisition, but also a > continuation of a trend in the casino industry as the market continues > to be affected by the COVID-19 pandemic. > > There were several thousand casino jobs lost earlier this month in > Nevada, Mississippi and Louisiana. New York added to that list as its > handful of commercial casinos cut another 4,100 jobs last week as > furloughed workers became officially unemployed. > > New York is one of the few markets remaining that has yet to reopen > its casino industry. Many tribal casinos that are not held to the same > restrictions as their commercial counterparts, began opening for > business in June.
Code:
Enter the following code:
(required)
Consider sharing your comments with the other readers of the message board. They may benefit from your insights
If you decide
not
to send email,
post a follow up
instead, or return to the
original message
oOo
