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12/02/2008

Even Gambling is Affected by the Recession!

The Oasis Casino in Mesquite is shutting down all of its gaming tables and food operation, meaning 500 employees are out of work.  The (former) casino will operate as a basic hotel.

"We have decided as of this morning to curtail operations at the Oasis," Randy Black, CEO of Black Gaming, told the Desert Valley Times on Monday. "We're going to cut back on some of the operations.

"Hopefully, we will be able to move some of the business (from Oasis) to the other two properties," he said, referring to the Black-owned CasaBlanca and Virgin River casinos.

The company suffered a $10 million loss in the last quarter, prompting the move.
You know it's bad when gaming tables in Nevada shut down.  Virtually every public space has some sort of gambling available.  This would be akin to a business in Wyoming shutting down sales of fireworks.



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