October 2, 2014
LAS VEGAS (AP) - A neighborhood casino is laying off workers less that two month from its opening.
Officials at M Resort in Henderson say they have laid off about 5 percent of its 2,000-person work force this week.
The $1 billion hotel-casino opened on March 1 on the south end of Las Vegas Boulevard. It hired 250 additional workers within its first week of operation on the strength of large crowds and good reviews.
Chief executive Anthony Marnell called the layoffs a "fine-tuning" adjustment. He estimated that about 100 people were let go.
In March, gaming revenues in Clark County fell almost 10 percent compared with a year ago, but the revenue decline at Henderson-area
casinos was 4 percent.
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