LAS VEGAS - A financially struggling northwest Las Vegas resort has laid off more than 300 of its 1,700 employees, company officials said.
The majority of the job cuts at the Regent Las Vegas have been in some of the resort's restaurants, which have cut hours.
The Upstairs Market Buffet, for example, will open only for dinner and Sunday brunch, having eliminated its breakfast and lunch menus, property spokesman Denny Weddle said.
The companies that own and operate the 14-month-old Regent defaulted Sept. 15 on nearly $5 million in payments owed creditors. Owners blame construction delays and the property's relatively isolated off-Strip location in Summerlin.
The Parian restaurant was forced to close last week, leaving about 50 employees looking for jobs.
Company officials have said 80 percent of the property is profitable including two hotel towers, meeting and banquet areas and slot machines.
Regent Las Vegas owner Swiss Casinos of America has invested an additional $100 million into the business to keep it operating, bringing the project's estimated price tag to $365 million.
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