As part of a campaign to refocus its business and American casino operator Jack Entertainment has reportedly detailed that it is to begin gradually shutting its main office in Detroit for the loss of some 92 jobs.
According to a Wednesday report from Crain’s Detroit Business newspaper, the firm announced the move early last week via a notice filed with the state of Michigan under the auspices of the Worker Adjustment and Retraining Notification (WARN) Act. The filing also explained that it intends to begin the process of winding down its Detroit bureau from November in hopes of having the enterprise fully shuttered by the end of the first quarter of 2020.
Relocation opportunities:
Jack Entertainment only completed the $1 billion sale of its nearby Greektown Casino-Hotel to a consortium consisting of Penn National Gaming Incorporated and Vici Properties Incorporated in May and reportedly detailed that a large proportion of its Detroit workforce is to be offered the chance to relocate to the neighboring state of Ohio where it runs the Jack Cleveland Casino as well as the Jack Thistledown Racino venues.
Dwindling portfolio:
Owned by American billionaire businessman Dan Gilbert, Jack Entertainment moreover reportedly recently inked a $745 million deal to offload its Jack Cincinnati Casino and Turfway Park properties and is rumored to be discussions regarding the disposal of its interests in Maryland’s Horseshoe Baltimore development.
Extensive evaluation:
Mark Dunkeson, Chief Executive Officer for 7BALL Jack Entertainment, reportedly told the newspaper that his firm employs approximately 4,000 people across the United States and hopes to be able to offer the majority of those losing their jobs in Detroit with positions at one of its other properties.
Dunkeson reportedly told Crain’s Detroit Business…
“Following a strategic assessment of Jack Entertainment’s business portfolio and the subsequent sale of three of the company’s properties including the Greektown Casino-Hotel in Detroit, Jack Entertainment is making changes to the home office as the operational responsibilities have been reduced.”
