Pearl River Resort lays off 570 employees

KenSmith

Administrator
Staff member
#1
Pearl River Resort in Philadelphia Mississippi announced layoffs of 570 employees today effective immediately.

The PRR consists of two connected properties on opposite sides of the highway. The newer Golden Moon resort will now be open only on weekends, while the original Silver Star casino will remain open 24/7 all days.

When the casino originally opened, Boyd Gaming ran it under a contract for the Choctaw Indians. For the last several years though, the place has been run by the Choctaws themselves.
 

ccibball50

Well-Known Member
#2
Im not surprised

Ever since the Choctaws took it over, it went down hill. It still made good money during good economic times, but this is not the first time they have laid off employees in this manner. However it was not quite as severe as this time. They would be better off out sourcing managemt.

Management before the tribe took it over did so well that they actually paid off thier loans on the casino in just a few years.
 

FLASH1296

Well-Known Member
#3
links, etc. on this absurdity

http://www.wtok.com/news/headlines/37090144.html

update:

(Dead link: http://www.wlox.com/Global/story.asp?S=9617937&nav=6DJI)


From another online site:

They had enough business to support two casinos, but intentionally ran it off with tight comps and bad management. The Golden Moon was a cluster f**k of mismanagement when it opened. What did they think was going to happen to their revenue stream when they lowered table max's from $5,000 to $500?

These casinos problems are systemic of bad management, a bad business plan, and are now being compounded by the economic crisis. Closing G. Moon during the week may be the right move now, but even if the economy rebounds there will never be a need for that casino unless the Choctaw's systemic problems are fixed.

They made the decision to convert their casinos into grind joints and to run off the high end players accumulated by Boyd Gaming (the last time there was any sort of real management). Now they are reaping their rewards.


 

ccibball50

Well-Known Member
#4
bad management

One problem is that they have a rule not to fire any choctaw indians. Out of the 570 fired, none were Indians. Upper management has report that they feared (even during good economic times) being fired because they were not allowed to fire or cut any indian's pay. Many of the people would show up late, or not show up at all and would take extended breaks, but the managers could do nothing because they are indian. I had a friend who was from the choctaw tribe and he said that any choctaw with 4 year degree started out working for the casino, no questions aske, at an entry salary of $60,000. I do not know how accurate his statement was, but one week after he graduated, he was driving a brand new Cadilac Escalade. (This of course was about 8 years ago in good economic times.)
 

KenSmith

Administrator
Staff member
#5
That's accurate. When Boyd was in charge, the place was truly amazing for the consistent level of big action. Those days are long gone. Yeah, perhaps they burned out a lot of losers over the years, but the current situation is a case study in mismanagement.
 

vingtetun

Active Member
#6
Atlas Shrugged

I have heard that this somewhat relates to the new "Chief" who was recently elected. The old chief took the Choctaws from sub-poverty levels of existance and at least moved them up to a decent standard of living (for the ones who wanted to work). Now you get what you've read about in the previous posts. This situation makes me think of the princples laid out in Atlas Shrugged. Never underestimate the ability of people to take something that they did not build and run it into the ground in an extremely short amount of time.
 
Top