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A blog about the economy and the Sacramento-area real estate market.

July 13, 2009
More downsizing in the gambling industry

     We've reported in the past few months about job cuts at casinos in the Sacramento area and northern Nevada, from Thunder Valley to Red Hawk to the Horizon at Lake Tahoe.

     Here's further evidence of a slump-ridden industry: International Game Technology, a Reno company that makes slots and other gaming devices, laid off 161 workers last week. That includes 55 layoffs in Reno, as reported by the Reno Gazette-Journal.

    This follows 200 layoffs in January and another 500 last fall.

     The recession has taken a huge bite out of the casino business. Revenue at Nevada casinos fell 8 percent in May, for instance.

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