Duplicate Poker Folds; Foxwoods to Lay Off 700 Employees

by Lou on October 7, 2008

Duplicate Poker has pulled the plug and will immediately begin liquidating through a trustee. The following message appeared on the company’s website, along with a link for players to request refunds of their account balances:
Dear players,
Duplicate is sadly bidding farewell to its players. Caught in the middle of the global financial situation the company is not able to continue to provide service. We are a small victim of the global financial crisis. Regretfully as of the today, October 5th, 2008 we are closing our service. We thank our players for being with us. Hopefully at later time and in a better economic climate Duplicate Poker will re-appear.

While Duplicate Poker was folding, the weak economy also hit Foxwoods casino in Connecticut. They reported that about 700 hundred jobs would be cut.

In a statement released by Foxwoods, the casino said the economy is to blame.
With the news that 700 people will be let go in the near future, local business said that it affects them too. Not only are friends and family being laid off, but it hits them at home in their own pocketbook.

Tribal Council Chairman Michael Thomas said in a statement, “As is happening to so many organizations, the economic issues facing our nation and regional consumer economy have negatively impacted our revenue growth. Although it has taken a few months, the recession’s impact can now be clearly seen in our industry.”

Connecticut’s other casino, Mohegan Sun, announced last week it would delay some of its Project Horizon expansion plans.

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