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Atlantic City's Borgata Cuts Work Force - ABC News

Tuesday, 26 October 2010 05:23 administrator
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Atlantic City's dominant casino is cutting its work force by 3 percent.

Borgata Hotel Casino & Spa blames

declining business.

The company did not say what jobs would be eliminated.

The Press of Atlantic City reports the most recent employment figures compiled by the New Jersey Casino Control Commission show that Borgata had 6,685 workers in September. A 3 percent cut would equal about 200 jobs.

The Borgata's parent company, Boyd Gaming Corp., reported Monday that Borgata's net revenue shrank to $207.7 million in the third quarter. That's a nearly 7 percent decline from a year ago.

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Information from: The Press of Atlantic City, http://www.pressofatlanticcity.com

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.



Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGB0s5ctvIiJryDKAUGTAkN7VADIg&url=http://abcnews.go.com/Business/wireStory?id=11969850

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