The creation of the world’s largest gambling concern, with revenues in the region of $9 billion and around 100,000 employees, has had less than happy consequences for some former workers in the casino industry. When Caesars Entertainment sold its casino in Lake Tahoe to privately owned Kentucky-based Columbia Sussex Corporation, to comply with monopoly laws, employment numbers took a hit.

Columbia Sussex has another property in Lake Tahoe, Horizon Casino Resort opposite the former Caesars Tahoe, and it seems that some 175 positions will go at the company’s new acquisition. The end of the shifts last Friday was the end of a job for about 100 workers. It is reported that those retaining their employment underwent job interviews at the Horizon.

Caesars Tahoe will not be renamed immediately, as there is an agreement to retain use of the name for six months after the $45 million sale. However, the new owners are planning to rename and alter the theme of the hotel-casino before the end of the year, seeking to attract a younger market. Lake Tahoe is popular with tourists for skiing and other outdoor activities. The two Columbia Sussex properties are not expected to be in competition with each other, as appealing to different sectors of the public, but job losses are said to arise from many functions being handled by the company’s corporate offices. (E-06.14.05)

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