|ALADDIN LAYS-OFF WORKERS
Wed, 28 Feb 2001
By JEFF SIMPSON
lasvegas.com GAMING WIRE
The Aladdin laid off 114 workers between Friday and Tuesday,
4 percent of its work force.
The layoff is the second major staffing reduction at the
Strip resort since it opened in August.
"We haven't reduced our level of service at all,"
spokesman Lynn Holt said Wednesday. "This is part of our ongoing
effort to find the most efficient way to staff the property."
Aladdin Gaming LLC's most recent quarterly report to the
and Exchange Commission, filed in November, reported a $40.2 million
loss and negative cash flow of $3.2 million for the three months
ending Sept. 30.
The Aladdin is privately held, with Aladdin Gaming and
PLC owning the bulk of the property, but the company files SEC
reports because it was financed with public debt.
Aladdin Gaming Chief Executive Richard Goeglein and President
Timmins were unavailable for comment, Holt said.
Almost half of the laid-off employees were casino
supervisors. 18 full time and 21 extra-board dealers along with four
supervisors were laid off in the main casino, while 11 positions were
eliminated in the property's upscale casino-within-a-casino, the London
Laid off dealers and casino supervisors were notified on Tuesday, Holt
The additional 60 laid-off employees worked on the megaresort's
housekeeping and custodial staffs. They were notified of their job
losses Friday and Monday.
The Aladdin opened Aug. 18 with about 3,800 workers, but
dropped to about 3,300 by mid-December. The property now has 3,100
employees, 18.4 percent less than at its opening.
About 40 of the casino's full-time dealers were placed
extra-board status in December. Holt said 21 of those extra-board
dealers lost their jobs in Tuesday's layoff.
Phone: (702) 383-0478
Fax: (702) 380-4590