Casino Lac-Leamy in Gatineau, Quebec near Ottawa has lost 15 per cent of its revenues over a five-year period, according to numbers from 2012. Then in the first three quarters of 2013, the revenue was $180 million a 10% drop compared to the same period during the previous year.
What this means is that about 350 unionized employees and several executives at Casino du Lac-Leamy in Gatineau won’t receive their annual bonuses due to lower revenues than expected.
In a report from Loto-Quebec, the loss in revenues is blamed in part due to ongoing renovations and road work. The Casino du Lac-Leamy has said it hopes renovations will attract more visitors, especially younger customers.
Bonuses are only paid to employees when gambling revenue reaches 95 per cent of its target, which wasn’t the case and only those employee at the casino who don’t receive tips qualify. The bonus represents about 2% of their annual salary.
A union spokesman said that employees shouldn’t pay the price for unmet goals.