CHESTER, W.Va. (AP) ¿ Mountaineer Casino, Racetrack & Resort says it's laying off another 35 workers. The layoffs announced Friday are mostly administrative employees. Mountaineer says the cuts will enable it to operate "at optimal efficiency in a difficult economic climate." Mountaineer had laid off 175 workers in January. Those layoffs were across all departments and had left Mountaineer with about 1,900 employees. The Chester casino-racetrack is one of the Northern Panhandle's largest employers. Mountaineer is owned by MTR Gaming Group Inc. MTR President and Chief Executive Robert Griffin said earlier this month that net revenues at Mountaineer were down 4 percent for the second quarter, mainly because of bad economic conditions.
More from Stocks
Newell Brands Drops Sharply on Sales Miss and Downbeat Outlook
Newell Brands announces mixed fourth-quarter results and issues a downbeat outlook.
Consumers Remain Confident as Economists Fret Over Quality of U.S. Data
The University of Michigan's index of consumer sentiment rises to a reading of 95.5 in February from 91.2 the prior month, contrasting with a separate report earlier this week from the Census Bureau that showed retail sales fell in December by the most in nine years.
This Bank Stock Yields 4% and Just Became a Dividend Aristocrat
This Connecticut-based bank is a rare financial sector stock that has increased its dividend for 25 consecutive years.