Pechanga Casino folds 'em, lays off 400
Talk about hard times - even the gambling industry is feeling the pinch of the economic doom and gloom. Pechanga Casino, the second-largest employer in Riverside County, is laying off 400 workers, the Press-Enterprise reports:
The tribe was one of the first in the region to expand and open a resort after voters approved Las Vegas-style Indian casinos in 2000. The tribe draws gamblers from across Southern California.
Amy Minniear, president of the Pechanga Development Corp., said in a statement that laying off workers was "the most difficult decision" the tribe has had to make in the 13 years of its casino business.
"For months, we have resisted the pressure to lay off team members," the statement said. "But because of the prolonged economic downturn, we must downsize in order to adjust to the current market conditions and position ourselves for success once the market turns."
Wonder how this will play in Sacramento, where gambling revenue plays a big part in budget projections. The full story about Pechanga's layoffs is here.
--Veronique de Turenne
Photo: Gary Friedman / Los Angeles Times