Thursday 20 May 2010

Recession – Casino Closes


Here is surprising news, never thought I would see the day!
Owners of the Casino Mediterráneo in Villajoyosa have been forced to close their doors to the public and lay off 121 staff as the continuing crisis and online betting cause spiralling running costs and mounting debt.
Sources say the casino lost over 14 million euros in 2009 and the company could not continue running it. The news of the closure came as a complete surprise to staff, many of whom turned up for work as normal to find they had been shut out.
A company spokesman said each worker made redundant by the move will receive 20 days pay for each full year they worked for the company.

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