LAST MONDAY SEPTEMBER 22, 2008, THE MOHEGAN TRIBE ANNOUNCED THAT IT WAS STOPPING CONSTRUCTION OF THE EARTH TOWER (PROJECT HORIZON HOTEL.) THE TRIBAL COUNCIL TOLD THE MEMBERSHIP THAT IT WAS THE RIGHT THING TO DO WITH THE ECONOMY THE WAY IT IS.
FOXWOODS RESORT CASINO OPENED IN MAY, 2008,
THE NEW MGM GRAND HOTEL/CASINO AT FOXWOODS FOR AN ESTIMATED COST OF SEVEN HUNDRED MILLION DOLLARS ($700,000,000.00.)
AT THE END OF MAY, 2008, THE MASHANTUCKET PEQOUTS OFFERED TO 170 GOVERNMENT WORKERS VOLUNTARY LAYOFFS. AT THE END OF JUNE, 2008, THE MASHANTUCKET PEQUOTS LET 100 EMPLOYEES, MOSTLY MANAGERS, AT THE MGM GRAND HOTEL CASINO AND FOXWOODS RESORT CASINO GO.
TODAY, MICHALE THOMAS, THE CHAIRMAN OF THE MASHANTUCKET PEQUOT TRIBE ANNOUNCED THAT THE TRIBE WILL BE LAYING OFF ABOUT 700 WORKERS FROM THE MGM GRAND AND FOXWOODS RESORT CASINOS. HE SAID, "AS IS HAPPENING TO MANY ORGANIZATIONS, THE ECONOMIC ISSUES FACING OUR NATION AND REGIONAL CONSUMER ECONOMY HAVE NEGATIVELY IMPACTED OUR REVENUE GROWTH. ALTHOUGH IT HAS TAKEN A FEW MONTHS, THE RECESSION'S IMPACT CAN NOW BE CLEARLY SEEN IN OUR INDUSTRY."
AN OBSERVATION THAT MAY NEED TO BE MENTIONED, IS THAT USUALLY WHEN SOMETHING HAPPENS AT FOXWOODS RESORT CASINO, IT HAPPENS TO THE MOHEGAN SUN 3 TO 6 MONTHS LATER.
SHOULD THE MOHEGAN TRIBE BE LOOKING AT CUT BACKS, TOO? WE NEED TO THINK SMARTER AND BETTER. READERS WHAT DO YOU THINK WE SHOULD DO?.
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