Casino resort firm Bombay Group laying off over half its staff
Bombay Group is laying off over half its staff due to profitability issues with daily casino operations.Summary
Casino resort operator Bombay Group is significantly reducing its workforce, dismissing more than half of its 164 employees. The decision stems from financial difficulties related to daily table games and gambling activities, which the company deemed economically unsustainable. Bombay Group will revert to a model of gaming floors available by prior arrangement only. While the Burman Hotel, Shang Shi restaurant, Koyo Japanese restaurant, and The Fox Den poker school will remain open, the layoffs follow previous workforce reductions at both Bombay Group and its parent company, Yolo Group. Despite the cuts, Bombay Group remains a substantial taxpayer, having paid €10 million in taxes last year. Yolo Group is owned primarily by Australian Tim Heath and Reio Piller, and is focusing on operating in fully regulated markets.
(Source：Err)