INGLEWOOD, Calif.--(BUSINESS WIRE)--LAX Property, the potential new operator of the Hollywood Park Casino, released the following statement in response to media reports that have conveyed inaccurate information. The following statement is from Eric Swallow, chief executive officer of LAX Property:
“Our company is in the process of securing the necessary approvals to become the next operator of the Hollywood Park Casino. We are waiting for our license approval from the State, and are seeking approval from the City of Inglewood to move forward with a significant and long overdue revitalization of the Hollywood Park Casino.
“As part of the transition process, the current operator was required by law to issue a Warren Act notice to current employees notifying them of the change in ownership. To be clear, we are planning to retain many of the employees currently working at the casino, and increasing the number of local Inglewood residents employed at the facility.
“Today, fewer than eight percent of the current workforce at Hollywood Park Casino is from Inglewood. We think we can do significantly better than that, and if approved, we look forward to employing as many people as possible from the local community.
“We are planning to continue the casino’s union contract for employees providing maintenance and cleaning functions. We have held many constructive meetings with UNITE Hotel Employees and Restaurant Employees (HERE) Local 11, and have made clear that we plan on assuming the union contract that is in place, and will work diligently on how best to continue that relationship moving forward.
“Finally, a revitalized casino at Hollywood Park has the potential to become a significant engine for job growth and economic development in the City of Inglewood for years to come.”