Economy

Sanremo Casino in the red

With George Clooney and Julia Roberts in Ocean's 11.

They say that the bank always wins.

So how can a casino be in the red ?

There are two possibilities: either you are the Las Vegas casino featured in ‘Ocean’s Eleven’ or you are a casino managed by the Italian State.

In Italy there are only four casinos: Campione d’Italia (an Italian exclave in Switzerland), Saint-Vincent, Sanremo and Venice. They are all managed by the local Municipalities.

The Board of the Sanremo Casino has just ruled that a state of crisis exists and approved an emergency plan including the firing of dozens of employees.

It remains to be seen whether the plan can be actually implemented. The firing of public employees is notoriously difficult in Italy. The ongoing crisis has somehow changed the situation, however.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s