Finance

Bell Gardens, Commerce, Hawaiian Gardens dealing with dire monetary scenario with closure of casinos

CITY OF COMMERCE, Calif. (KABC) — Officers in Hawaiian Gardens, the Metropolis of Commerce and Bell Gardens are asking Los Angeles County supervisors to permit casinos to reopen because the business sees widespread job and income losses.

These cardrooms and casinos at the moment are closed beneath the brand new restrictions that took impact throughout the county on Monday — after they spent hundreds of thousands of {dollars} constructing out of doors services with the intention to preserve working.

In these cities the place a handful of casinos are positioned, services just like the Commerce On line casino are a key income and a few of the greatest employers. Leaving them shut down, the cities’ mayors say, may have a significant monetary impression on the cities.

Hawaiian Gardens’ Metropolis Supervisor Ernie Hernandez says the town is prone to shutting down.

“We obtain over 70% of our income from the Gardens On line casino. We now have already misplaced 50% of income and have laid off over 40% of our employees,” he stated.

Neighboring cities are in an analogous scenario.

The Metropolis of Commerce says 200 workers have been furloughed and the Commerce On line casino has laid off 800 employees. To not point out the hundreds of thousands in income which were misplaced, which the cities won’t ever recoup.

“We have misplaced over $13 million already and that impacts public security, it impacts our applications for the neighborhood so we actually want this on line casino to rise up and going,” stated Commerce Mayor Ivan Altamirano, who believes Commerce On line casino has carried out sufficient well being measures to make it secure for guests.

“To this point, our metropolis has projected an approximate $9 million in income loss thus far. We now have already eradicated police officer positions, lowered worker salaries and lowered our availability for different vital companies for kids and seniors, stated Bell Gardens Mayor Alejandra Cortez.

On line casino operators say if they’re given the inexperienced gentle to reopen, it will solely take them a number of hours to welcome workers and clients again.

Copyright © 2020 KABC-TV. All Rights Reserved.

Related posts

How one can choose an Hourly-Payment Monetary Planner

admin

Lument Supplies $11 Million in Fannie Mae Financing for Martha’s Residences in Miami

admin

Interius BioTherapeutics Raises $76M Sequence A Financing to Advance Breakthrough Cell and Gene Remedy Platform

admin

Leave a Comment