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World

Ecuador’s wheels of fortune to stop

Published Updated

ecuador-flagQUITO: Casinos in Ecuador have been given six months to shut up shop, costing about 3,200 people their jobs, after voters approved the change in a referendum, the president's office said Sunday.

 

President Rafael Correa, a socialist and economist by training, in August told casino owners they would have one to two years to close up shop.

But he accelerated the time frame Sunday, instead giving six months to implement the change approved in a May 7 vote.

Workers who lose jobs under the change will be eligible for job retraining.

The casinos are mainly in larger hotels often operated by foreign companies.

Copyright AFP (Agence France-Presse), 2011

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