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January 25, 2013
The Kansas Star Casino was not included in layoffs by its Las Vegas-based parent company, Boyd Gaming Corp., a Boyd spokesman said today.
Boyd’s cuts amounted to well less than 1 percent of its nationwide work force of about 25,000 people, according to David Strow. The Kansas Star employs about 900 people.
Strow said the cuts occurred in Las Vegas and Boyd markets in the South. He declined to reveal specific locations. The company operates 22 casinos in eight states: Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Nevada and New Jersey.
The cuts are a reflection of current business volumes and an unpredictable revenue outlook, especially in Boyd’s largest markets, plus ongoing consolidation efforts that include property functions, he said.
“No other reductions are anticipated elsewhere in the company,” Strow said.
Boyd took over operation of Kansas Star in November after acquiring Dubuque, Iowa-based Peninsula Gaming LLC and its five casinos in a deal valued at $1.45 billion. Boyd’s president and CEO, Keith Smith, called Kansas Star the “crown jewel” in the acquisition, a point he reiterated with me when visiting the property earlier this month.