Economy hits New England Casinos Hard;Community will be impacted
Connecticut is feeling the pinch as much as, if not more than, some other areas of the country. One of the major impacts in Connecticut is being felt in their casino businesses. There are two casino complexes in Connecticut but they are very close in proximity and the impact to surrounding communities will be significant.
As noted in headline of the Norwich Bulletin December 27 2008, "Eastern Connecticut feels effects of slumping economy ; Job losses, business closings shake region"
Adam Bowles went on to report, "The most notable cuts came at Foxwoods Resort Casino and MGM Grand at Foxwoods, which laid off 700 workers, a process that was completed in October. "
Tribal Council Chairman Michael Thomas said in a written statement at the time.“Although it has taken a few months, the recession’s impact can now be clearly seen in our industry,” "
The story in the Norwich Bulletin went on to report on the impact to the other Connecticut casino "The Mohegan Tribe suspended construction of the remaining $734 million of the Earth Expansion, a project that was expected to create 1,200 permanent jobs and at least as many construction jobs. The Mohegans already had trimmed the casino’s work force by at least 600 people through attrition. "
As an indicator of impact on surrounding community businesses, "On Oct. 31, Eric Beit, manager of Beit Bros. grocery store in Uncasville, announced the store with its 60 employees would close after 47 years in business there. "
“It’s scary,” said Beit at the time. “The American public has almost stopped shopping.”
source: Norwich Bulletin.com