Slow summer blamed for Harrah’s layoffs | TahoeDailyTribune.com
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Slow summer blamed for Harrah’s layoffs

Harrah’s Lake Tahoe laid off 61 workers Thursday due to lagging revenues, the Stateline casino confirmed Friday.

The 47 full-time and 14 part-time or on-call workers represent 3 percent of the South Shore casino’s 2,100 employees.

The announcement came the same day Harrah’s received regulatory approval to acquire longtime competitor Harveys Casino Resorts for $675 million in cash and liabilities. The sale is expected to close Tuesday and more layoffs are anticipated after the company has fully assessed the merger.



Thursday’s layoffs are related to a slow summer season and not the merger, spokesman John Packer said. Second-quarter earnings also were down.

“We haven’t seen a dip like this since 1995,” Packer said.



Packer pointed to a sluggish economy — particularly in California — and high energy costs as factors in the drop.

“It’s not any one thing,” he said.


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