Tropicana eyes layoffs, pay freezes

January 21, 2009 7:17:40 AM PST
As its proposed sale to a Baltimore developer nears, the Tropicana Casino and Resort is freezing pay for top earners, capping wage increases for others and considering laying off as many as 117 employees. Casino president Mark Giannantonio says the Tropicana is doing everything it can to avoid layoffs because it knows it will need staffing once the economy improves.

The casino's future is to be a main topic of discussion at Wednesday's Casino Control Commission meeting, where investors and debt holders will seek a say in who will eventually wind up with the gambling hall.

The Tropicana has been operating under a state-appointed conservator for more than a year since its former owners lost their casino license after poor performance and massive layoffs.

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