Harrah’s Entertainment cuts hundreds of jobs at Atlantic City properties
October 31, 2008 - 11:36 am
Harrah’s Entertainment has cut hundreds of jobs at three of its four Atlantic City properties due, partly, to the slowing economy.
Employment figures compiled by New Jersey regulators indicate hundreds of jobs have been cut at Bally’s Atlantic City, Caesars Atlantic City and Showboat Casino Hotel, according to the Press of Atlantic City.
The fourth, Harrah’s Atlantic City, added jobs due to a $550 million expansion completed this year that included a new hotel tower.
State records show Bally’s had 502 fewer workers in September compared with the same month last year, while Caesars was down 207 employees. The four properties had 16,034 workers in September.
The company said the market is being hurt by the economy, competition from neighboring states, and a casino smoking ban, which was recently lifted for a year.
The world’s largest casino operator by revenue has cut nearly 1,850 jobs and reduced hours at its eight Strip properties and its corporate offices in Las Vegas this year.
The company said in October, 21,849 full-time employees work locally at the Rio, Caesars Palace, Paris Las Vegas, Bally’s, Bill’s, Flamingo, Imperial Palace and Harrah’s.
That number does not include workers at the corporate offices in Las Vegas.