Coral Cliff Hotel to close

[evanovitch]

The Supreme Ventures owned Coral Cliff Hotel on the Hip Strip in Montego Bay is to be closed and 43 workers laid off as the lottery company embarks on an aggressive operational cost cutting drive.

<span style="font-weight: bold">The hotel and the related Ma Lou restaurant at the location have been deemed unprofitable by Supreme Ventures and will be closed as of Friday</span>.

<span style="font-weight: bold">The gaming company is also reducing opening hours at its Coral Cliff casino and games lounge and its Video Arcade for children.</span>
Supreme Ventures said it has put together an enhanced redundancy package for employees who will lose their jobs.

This includes full health benefits being retained until October this year.

Supreme Ventures Chairman, Paul Hoo and President and CEO Brian George had signaled in the company's 2008 Financial Audit that they would be looking at ways to reorganise and improve efficiency at its gaming lounge operations.

As part of its attempts to tighten management of operating expenses the company has already terminated its Bingo lottery game, which was unprofitable.

[Marilyn]

Re: Coral Cliff Hotel to close

<span style="font-size: 14pt">Vanni I know a couple of folks in Monetgo Bay that are NOT going to know what to do with themselves if this casino closes. </span>

[Dr.Dudd]

Re: Coral Cliff Hotel to close

The hotel is seperate frpm the casinp. It is the hotel that is closing not the casino.
oncidenrally it is a manover to pressuew the government to give tax break tp casinos with less than 1000 rooms as the gevernment plans to do. they are about to debate the law in a wrrk or so. si the casino people are tryong to ise the present economic incertainty to get more favorable law.

[Marilyn]

Re: Coral Cliff Hotel to close

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">The hotel is seperate frpm the casinp. It is the hotel that is closing not the casino.
oncidenrally it is a manover to pressuew the government to give tax break tp casinos with less than 1000 rooms as the gevernment plans to do. they are about to debate the law in a wrrk or so. si the casino people are tryong to ise the present economic incertainty to get more favorable law. </div></div>

Whew

That's a relief, cause one of these guys, Jamaica would NOT want him around loose, bored, and looking for something to do.