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Job Cut-Offs In East Peoria Riverboat Casino Due To Decline In Revenues

Job Cut Offs In East Peoria Riverboat Casino Due To Decline In Revenues

Boyd Gaming Corp., the parent company of Par-A-Dice Hotel and Casino, had to lay off about 3 percent of its riverboat casino in East Peoria employees this week, amounting to 18 full and part-time employees. A further change in the number can depend on if the offers for other positions at the properties are accepted. The reason for the cut-offs is the decline in revenue.

According to David Strow, spokesman, Boyd Gaming Corp., the decision for lay-offs came as a part of a regular review of operations.

Ever since the video gaming machines in bars, restaurants and cafes have been legalised in the state of Illinois, there has been a constant decline in the revenues of the riverboat casinos. Since 2012, when the machines became operational their number has risen to more than 23,000 around the state, with highest (600 terminals) being in Springfield.

Every establishment can have up to five terminals. These machines have got good business for their facilities and additional revenue for the local government, who never benefited from riverboat casino taxes.

The river gaming tax income declined more than $1 million in 2016, while the video gaming tax increased by nearly half a million.