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NIAGARA CASINOS LOOK TO LAYOFFS TO OFFSET DECLINES IN U.S. TRADE

May 7, 2008

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In Canada, full-time employees at Niagara's two casinos have less than two weeks to decide whether to take a buyout package or hold onto their jobs. Niagara Fallsview Casino Resort and Casino Niagara told employees last week of a "voluntary resignation package" and a program to shift workers' status to part time from full time. The casinos serve a drive-in market, many of them from the United States. With gas prices discouraging travel by car, a drop in American tourists to Canada and an increase in the number of Canadians cashing in by visiting the United States, the casinos face serious challenges this summer. Full Story.



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