CFO out, more workers laid off
Monday, March 20, 2000 | 10:36 a.m.
Alliance Gaming Corp. of Las Vegas today announced the departure of its chief financial officer, as well as further layoffs designed to improve the company's financial performance.
Scott Schweinfurth, Alliance's CFO, resigned "to pursue other interests," the company said. Schweinfurth was immediately replaced by Robert Saxton, senior vice president of Alliance and president of the company's casino group and Louisiana slot route operations. Saxton will retain both positions.
Alliance also announced it will take a $1 million restructuring charge in the first quarter of 2000 as the result of layoffs over the past several weeks.
Saxton said more than 100 jobs have been cut over the past several weeks, primarily in Las Vegas. That represents about 5 percent of Alliance's work force. The cuts occurred primarily at the corporate level and within the company's Bally Gaming division, Saxton said.
"We are about concluded (with restructuring), but we're not going to let everything sit where it is," Saxton said. "We will continue to re-examine our operations."
The company anticipates saving about $2.2 million per year from its most recent layoffs. Alliance said it expects to save more than $10 million per year from restructuring moves made since November.
archive
- Most Read
- Discussed
- Most E-mailed
- Ensign moves out of home on C Street
- Cada and Moon emerge as Main Event’s final two
- Fight snapshot: Reviewing “24/7 Pacquiao/Cotto,” episode 3
- Life in the Limelight: Wayne Newton
- Cities, county find buying valley homes isn’t easy
- Motorcyclist dies in Summerlin crash
- Six people share their stories of what led them to jobs at CityCenter
- Two injured in shooting in central valley
- Buchanan was one of the city’s truly flamboyant characters
- Fight snapshot: Pacquiao is a hit with Jimmy Kimmel, and vice versa
Blogs
Robin Leach's Las Vegas Celebrity Watch
Final Five have two routines each on Dancing With the Stars
The Coin Bucket
Blue Man Group at half price for locals
Elsewhere
Findlay Prep's Bradley fitting in at Texas (2 Comments)
Now and Then
I went to a hockey game and a New Mexico women's soccer match broke out (1 Comment)
Politics: The Early Line
Attention in D.C. focuses on health care proposals (1 Comment)
Elsewhere
Fedor v. Rogers delivers solid ratings on CBS (5 Comments)
Bloggity, Bloggity, Bloggity
If you can rebuild the whole car, then why not allow an engine change? (1 Comment)
Calendar »
- 10 Tue
- 11 Wed
- 12 Thu
- 13 Fri
- 14 Sat
-
Jo Dee Messina at the House of Blues
House of Blues | 7 p.m. to 10 p.m.
-
The Revival Tour at Beauty Bar
Beauty Bar | 9 p.m. to 11:59 p.m.
-
DJ Tina T at Prive
Prive | 10 p.m. to 11:59 p.m.
-
The Automatic Tour at The Square Apple
The Square Apple
The Sun
Locally owned and independent for more than 50 years.
Technorati








